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Seadrill has paid NOK 461 million for a 50.1 percent majority stake in deepwater drilling contractor Sevan Drilling today. This acquisition exceeds the

ABUJA, June 19 (Reuters) – Pirates in speedboats attacked an oil supply vessel and kidnapped four Indian and Polish crew members in increasingly

Pirates in Nigeria have released a French sailor kidnapped from a tanker on June 13 off the coast of Nigeria, a military commander told

The world's three biggest container shipping companies, including Maersk Line, have agreed to share vessels in a bid to minimize losses caused by over capacity

Gerry Wang, CEO of Seaspan, says the industry is in the very early innings of the increase in container volumes, standing firmly by his prediction of a seven

A 112-foot supply vessel sank on Friday after striking an oil platform in the U.S. Gulf of

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the seventh consecutive day Friday to their

Nicaraguan Assembly OKs $40 billion canal to rival

Singapore, 3569 nm from the Gulf of Aden, is at the heart of counter

Maersk Oil on Wednesday said it has been offered at 20% interest in a new oil license (PL710) from Norway in the arctic Barents

Troubled Athens-based shipping company Excel Maritime (EXM) revealed in yesterday’s press release one of industry’s worst kept secrets: The

Norway's leading private equity fund has entered into agreements to acquire Umoe Schat-Harding AS and Noreq AS, creating the world's leading supplier of

New Orleans-based Harvey Gulf International has secured plans to construct and operate the United States’ first LNG marine fueling facility out of Port

Ensco said Monday that it has placed an order Samsung Heavy Industries for its eighth advanced-capability DP3 ultra-deepwater drillship for approximately $625

A Kenyan court sentenced nine Somali citizens each to five years in prison on Monday after finding them guilty of violently hijacking a vessel, MV Magellan

Maersk's new game, Quest for Oil, lets players find and extract oil.

(Reuters) The thud of bullets smacking into his wooden fishing boat jolted captain John Freddy out of his afternoon nap. He saw one of his crew slumped dead

(Bloomberg) Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to

(Reuters) – The U.S. Department of Interior announced this week that the Bureau of Ocean Energy Management (BOEM) will hold the first ever competitive

(Bloomberg) Charter rates for the largest oil tankers hauling Middle East crude to Asia slid the most since January this week as the supply of cargoes