BP Reaches “A Definite Turning Point” – Profit More Than Doubles
By Alexis Flynn, Wall Street Journal LONDON—BP PLC shares rose in early trading Tuesday after the U.K. energy giant reported solid earnings and announced
By Alexis Flynn, Wall Street Journal LONDON—BP PLC shares rose in early trading Tuesday after the U.K. energy giant reported solid earnings and announced
By Alexander Rose, Wall Street Journal On April 28, 1789, mutineers commandeered HMS Bounty, en route from Tahiti to the West Indies with a cargo of breadfruit
After 11 days of survey and sampling using both the latest in technology and physical sampling, no oil remains were found on the sunken World War II tanker, SS
Mitsubishi Heavy Industries (MHI) has developed a new bulk carrier able to reduce CO2 emissions by 25% using bubbles. Further, the Mitsubishi Air Lubrication
HONG KONG–Over 70 commuters were injured–some seriously–after their passenger ferry crashed into a mooring pillar after departure from an
As many of you know, sailing is not the easiest way to make a living. There are good runs and bad runs with great and miserable crews. Nice and
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Eight divers were decompressing aboard the Iranian flagged dive support vessel Koosha-1 when it sank three days ago in the Persian Gulf. The official in charge
SEOUL (Dow Jones)–South Korean shipping-to-shipbuilding conglomerate STX Group said Sunday it won’t seek large-scale merger and acquisition bids
By Aweys Cadde, Somalia Report Police from Somalia’s semi-autonomous state of Puntland have arrested 15 suspected Somali pirates as they planned to
By Tennille Tracy, Wall Street Journal BP PLC won approval from U.S. officials Friday to look for oil at new sites in the Gulf of Mexico, the firms’s
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HOUSTON -(Dow Jones)- The rate at which new deep-water permits are being approved under new rules in the U.S. Gulf of Mexico is improving, said Diamond
by Jonathan Feffer Former Rep. Harold Ford Jr. is of course, correct in pointing out the need to develop more fully local and contiguous energy sources and is
SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its third-quarter net profit rose 33.3% from a year earlier, beating analysts’
In a spectacular show of “I’m going to seriously ruin your world if you don’t comply,” the British Royal Marines embarked on HMS
By Harold Ford Jr., The Wall Street Journal Philadelphia’s historic shipyard will soon be the construction site for two huge oil-tanker transport ships,
Global Summary of Maritime Crime and Piracy, week of 13 October 2011 (source: ONI) NIGERIA: Vessel (JOAN CHOUEST) attacked by pirates on 17 October near
Horizon Lines’ common stock started trading on the over-the-counter securities market today under the symbol HRZL following the companies delisting
Diamond Offshore Drilling Inc. (DO) third-quarter earnings rose 29% as the oil driller booked stronger revenue and higher average day and utilization rates for
One of the main stories last week was the apparent dismissal (for lack of a better word) of the Superintendent of the of the US Merchant Marine Academy at
By Daniel Michaels, Wall Street Journal ALESUND, Norway—While many American and European manufacturers transplanted production to low-wage countries in
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By Solomon Moore, Wall Street Journal NAIROBI—Kenyan helicopters launched airstrikes in neighboring Somalia on Wednesday, striking at bases of al
OTTAWA (Dow Jones)–The Canadian government Wednesday awarded C$33 billion (US$32.3 billion) of shipbuilding contracts, the largest in the country’s
Drone aircraft, officially called unmanned aerial vehicles (UAVs), are just starting to be used to spot, identify, scare pirates away, and prevent hostage
Torrential rains and high swells along southwest China’s Jialing river caused a three-story river-dining boat to break free from its moorings last week
In what may be the first reported case of Somalis doing their part to prevent Somalia-based piracy operations, a speed boat carrying 7 men, AK-47s, RPGs, and
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