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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

UPDATE:  The Latitude 38 blog reports that other boats in the race reported have a close encounter with a large ship around the time and in the same vacinity.

What has been a bad year fort the shipping industry has been better for shipping magnate John Fredriksen. As seaborne shipping collapsed last year, so did

Lloyd’s Register announced today that it has acquired Houston-based WEST Engineering Services in a move that secures the group’s position as a

Cuts in manning levels and burgeoning paperwork loads are increasing the risk of maritime accidents worldwide, says a group of U.S. maritime unions. At a time

HOUSTON (Dow Jones)–After deep self-examination following the April 2010 Deepwater Horizon oil spill, BP PLC (BP, BP.LN) decided not to leave the Gulf of

Norway’s Petroleum Safety Authority (PSA) has issued an order to Transocean Inc. to improve maintenance oversight after the authority carried out an

ConocoPhillips announced Monday that, through its affiliate ConocoPhillips China Inc. (COPC) and the China National Offshore Oil Corp. (CNOOC), it has reached

Carnival Corporation announced this week that it has joined the MONALISA project. Led by The Swedish Maritime Administration, MONALISA aims to continuously

The US Federal Communications Commission (FCC) of Washington this week approved the SafeLink R10 AIS SART for use in the United States. Commenting on the

What happens when the radar stops rotating? In the case of new radar technology the answer is better picture quality and navigation. Simrad, Raymarine and