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Somali pirates have hijacked the UAE-owned M/V Savina-Fahad, Somalia Report has confirmed citing a Somali businessman in Dubai and a local pirate source.

  WASHINGTON (Dow Jones)–U.S. officials have approved an oil-spill plan for Royal Dutch Shell PLC (RDSA, RDSA.LN) as the company looks to begin

A portion of the Mississippi was closed Friday morning after two barges collided causing an oil spill about 50 miles upriver from New Orleans. The Coast Guard

The United Kingdom has stated they will share in a large discovery of oil off the coast of the once disputed Falkland Islands.  With royalties from the

20,000 metric tons. That’s 98 Statues of Liberty or 10,000 VW Beetles. But when you’re building the world’s largest vessels in the world,

(Washington, DC—) ABS celebrated its 150th anniversary in Washington, DC on January 31 and was recognized by Members of Congress for the classification

Somali piracy cost the shipping industry and governments almost $7 billion in 2011, according to an annual report released today by the nonprofit and

SEACOR Holdings announced today that it will be selling off a portion of its environmental business to J.F. Lehman & Company, a private equity firm focused

The Bureau of Safety and Environmental Enforcement (BSEE) and the National Oceanic and Atmospheric Administration (NOAA) announced today they are partnering to

A Maltese-flagged cargo ship caught fire yesterday while stuck in heavy ice in the Azov Sea.  The vessel, the M/V Captain Ivan Vikulov, sent a distress signal

PARIS (Dow Jones)–Iran has no intention of blockading the Strait of Hormuz, the sea route through which about a fifth of the world’s oil is

Houston, Texas – Kirby Corporation (NYSE:KEX) has announced record net earnings attributable to Kirby for the fourth quarter ended December 31, 2011 of

LONDON (Dow Jones)–Shippers are on the alert as instability in Nigeria threatens to worsen an already serious problem with piracy in the Gulf of Guinea,

Costa Crociere, operator of the Costa Concordia, has invited 10 of the world’s leading salvage companies to bid for the contract to remove the stricken

WASHINGTON — Echoing President Obama’s State of the Union call for an “all of the above” energy strategy, the Department of the

Petrobras announces that, since yesterday, it has adopted all contingency procedures in response to the rupture that took place in the vertical production

With Maersk Line’s new CEO, Søren Skou, now at the helm, the world’s largest container shipping company has announced a nearly complete

Algoma Central Corp., the largest Canadian shipowner and operator of Canadian-flagged Great Lakes vessels, has announced plans to install fresh water exhaust

Horizon Lines has announced that the company has entered into an agreement with the U.S. Department of Justice to resolve previously announced oily water

A bridge in western Kentucky has partially collapsed after being struck by a cargo ship Thursday night.  According to officials, two spans of the U.S. 68/KY