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Siemens, through their Siemens Drive Technologies Division, says it has been awarded a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to

The ULSTEIN designed platform supply vessel ‘CBO Pacifico’ left the Estaleiro Alianca yard on May, 10 2012 and went straight into contract for

Details of Thursday’s hijacking in the Arabian Sea of the MT Smyrni are starting to trickle in, including information about the vessel and its crew. 

Families of the two victims killed in the 2010 Philadelphia Duck Boat collision will split a $15 million settlement paid for by the companies involved in the

MAY 10 A Liberian-flagged tanker has reportedly been hijacked today off the coast of Oman in the same general area of a violent but failed attack by a pirate

Diamond Offshore Drilling, Inc. (NYSE:DO) said Thursday that it has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of

The private security firm who had a video go viral of one of their shipboard teams defending themselves against an approaching pirate skiff has been

BEIJING (Dow Jones)–China National Offshore Oil Corp. has begun exploring deepwater oil blocks without the help of foreign partners, partly due to the

HONG KONG (Dow Jones)–Swire Pacific Ltd. (SWRAY, 0019.HK) said it will spend HK$11 billion ($1.4 billion) over the next two years on building energy

On Friday the world’s largest ship running solely on the power of the sun cruised into Hercule Harbor in Monaco, officially completing the world’s

A report of a vessel hijacking in the Gulf of Oman on Friday has turned out to be nothing more than a false alarm, according to maritime situational awareness

MELBOURNE–Australian billionaire Clive Palmer has formed a shipping business to handle ore freight for his Queensland Nickel Group, with plans to

Royal Dutch Shell is one step closure to drilling in the Arctic this summer after securing a permit from the National Marine Fisheries Service, proving to

Transocean Ltd.’s (RIG, RIGN.VX) first-quarter earnings fell 86% as impairment charges again weighed on the offshore oil-driller’s bottom-line

Summary of Incidents by Region: APR 26 – MAY 2 RED SEA RED SEA: Bulk Carrier was approached while underway on 29 April at 13:16 N – 042:55 E,

SINGAPORE (Dow Jones)– Greek shipping company Costamare Inc. (CMRE) will probably continue to grow through new builds and acquisitions and it remains

U.S. prosecutors are reportedly seeking the death penalty against three Somali pirates charged with murdering four Americans aboard their sailing yacht, the

New video of the tragic July 2010 duck boat colision on the Delaware River in Philadelphia has emerged, offering a new glimpse of the broken down tourist

Royal Boskalis Westminster announced today that it has won three energy related contracts for diverse projects in the North Sea and Irish Sea worth a total of

Cal Dive International reported today a first quarter 2012 loss of $24.3 million, or $.26 per diluted share, primarily due to the regulatory drydocks of three