MUMBAI (Dow Jones)–Indian Oil Corp. (530965.BY) has canceled an Iran spot shipment contract with Shipping Corp. of India (523598.BY) because of the
AMSTERDAM (Dow Jones)–Dutch oil services firm SBM Offshore NV (SBMO.AE) posted a steep 2011 net loss Friday and scrapped its dividend payment as charges
HONG KONG (Dow Jones)–The global slowdown in the shipping industry is claiming more victims and industry experts expect more defaults in the coming
SINGAPORE (Dow Jones)–The chairman of Yangzijiang Shipbuilding Holdings Ltd. (BS6.SG) said Thursday he doesn’t expect the yuan to appreciate more
OSLO (Dow Jones)– Norwegian oil and gas giant Statoil ASA (STO) Friday said it is introducing a new drilling rig concept for mature fields on the
Salvors have removed a total of 566 containers from Rena by Svitzer, and a further 72 have been recovered from the shore or sea by Braemar Howells container
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In a major consolidation move aimed at boosting America’s commercial and defense maritime capabilities, five prominent U.S. ship repair and marine service
By Alex Longley and Viktoria Dendrinou Jun 22, 2025, 5:10 AM (Bloomberg) –The shipping industry was placed on high alert on Sunday with warnings
Salvage experts winched Mike Lynch's sunken superyacht towards the surface on Friday, 10 months after it went down off the coast of Sicily, killing the British
A.P. Moller – Maersk has named its newest and largest dual-fuel containership, the Berlin Mærsk, during a ceremony at Hyundai Heavy Industries’
June 22 (Reuters) – Iran’s top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday,
HOUSTON (Dow Jones)–Royal Dutch Shell PLC (RDSA, RDSA.LN, RDSB.LN, RDSB) is suing in federal court more than a dozen environmental organizations that are
The Coast Guard has ordered the 648-foot car carrier Morning Spruce to remain in Portland, Ore., after inspections of the vessel revealed numerous safety
– By Luiz Gustavo Cruz, Contributing Writer, MTS Logistics The great days of the shipping industry in Brazil were gone a long time ago. Big shipping
STOCKHOLM (Dow Jones)–Troubled Danish shipping company Torm A/S (TORM.KO) expects to announce an extension of its financing agreement Thursday or
MOSCOW -(Dow Jones)- Russian Prime Minister Vladimir Putin, strong favorite to win the presidential election on Sunday, said Wednesday Russia should allow
In a major consolidation move aimed at boosting America’s commercial and defense maritime capabilities, five prominent U.S. ship repair and marine service
By Alex Longley and Viktoria Dendrinou Jun 22, 2025, 5:10 AM (Bloomberg) –The shipping industry was placed on high alert on Sunday with warnings
Salvage experts winched Mike Lynch's sunken superyacht towards the surface on Friday, 10 months after it went down off the coast of Sicily, killing the British
A.P. Moller – Maersk has named its newest and largest dual-fuel containership, the Berlin Mærsk, during a ceremony at Hyundai Heavy Industries’
June 22 (Reuters) – Iran’s top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday,
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Technip announced today that they had been awarded a subsea installation contract by ExxonMobil for the Hadrian South natural gas project in the Gulf of Mexico
Ordered from Rolls-Royce by Norwegian company Eidsvaag AS, the NVC 401 Forage Carrier’s sole purpose is to deliver fish food. This LNG-powered ship
The Hague, Netherlands – APM Terminals, the Hague-based global port operator, yesterday reported record breaking annual results for 2011. A revenue
SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a
19 days from today, maritime industry professionals from around North America, and in fact the world, will be converging on Stamford, Connecticut for one of
ABS Chairman and CEO Christopher J. Wiernicki was honored by The Seamen’s Church Institute (SCI), receiving the 2025 Silver Bell Award for lifelong service and outstanding
Inmarsat’s fully managed bonded connectivity service will provide Pacific Basin vessels with a seamless connection to high-speed internet to support both crew and business
The fully managed connectivity service will facilitate Ava Ocean’s pioneering seabed harvesting methods in the remote Barents Sea while supporting operational efficiency and
ABS issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).
Wallem Group, a leading global maritime partner, has published a new whitepaper to ensure ships, ships systems and crews are fully prepared to load, store and use biofuels in
Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade its fleet from Fleet Xpress (FX) service to Inmarsat’s
ABS awarded approval in principle (AIP) to Overseas Shipholding Group, Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied
Bardex, a leading global provider of heavy-duty marine engineering solutions has set up a new base in South Tyneside. US-based Bardex – which specialises in heavy
ABS Chairman and CEO Christopher J. Wiernicki was honored by The Seamen’s Church Institute (SCI), receiving the 2025 Silver Bell Award for lifelong service and outstanding
Inmarsat’s fully managed bonded connectivity service will provide Pacific Basin vessels with a seamless connection to high-speed internet to support both crew and business
The fully managed connectivity service will facilitate Ava Ocean’s pioneering seabed harvesting methods in the remote Barents Sea while supporting operational efficiency and
ABS issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).
Wallem Group, a leading global maritime partner, has published a new whitepaper to ensure ships, ships systems and crews are fully prepared to load, store and use biofuels in
Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade its fleet from Fleet Xpress (FX) service to Inmarsat’s
ABS awarded approval in principle (AIP) to Overseas Shipholding Group, Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied
Bardex, a leading global provider of heavy-duty marine engineering solutions has set up a new base in South Tyneside. US-based Bardex – which specialises in heavy
![Teekay Completes Acquisition of Maersk’s Fleet of LNG Carriers [VIDEO]](https://gcaptain.com/wp-content/uploads/2012/02/Screen-shot-2012-02-29-at-2.01.30-PM.png)
In October 2011, Teekay agreed to acquire the Maersk LNG fleet as part of a joint venture with Japan’s Marubeni Corporation. To finance this $1.4
The latest update from the South Pacific Ocean where the Volvo Ocean Race is racing hard and fast at around 20 knots of boatspeed. 3000 miles to go until
COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday it has appointed Robert Maersk Uggla as the new
– By Lauga Oskarsdottir, MTS Logistics It can be extremely frustrating when your shipment does not arrive on time. Estimated transit time is meant to be
AET – one of the world’s largest tanker owner-operators and provider of lightering support services in the US Gulf – will take delivery of
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After what must have been a rather miserable 2-month delivery from China, Argentinian towage and harbor company Remolcadores Unidos Argentinos (RUA) has just
The Master and Second Officer of the cargo vessel Rena today pleaded guilty to 10 out of the 11 charges laid by Maritime New Zealand (MNZ) against the men
(Dow Jones) Seadrill Ltd. (SDRL, SDRL.OS) swung to a fourth-quarter loss as the offshore-drilling contractor booked a hefty impairment charge. However, the
Wärtsilä said today that it has signed a ten year extension to a license agreement with Hyundai Heavy Industries’ Engine and Machinery Division to
– By Feray Yuksekbas Kavas, Sales Executive, MTS Logistics What if I told you that there is a great option to travel other than flying, for those of
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