Fincantieri Completes STX OSV Purchase to Become World’s Fifth Largest Shipbuilder
Italian shipbuilding group Fincantieri on Wednesday said that it has successfully completed its previously announced purchase of a controlling stake in STX OSV
Italian shipbuilding group Fincantieri on Wednesday said that it has successfully completed its previously announced purchase of a controlling stake in STX OSV
By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia,
In a boost for biofuels in marine applications, the Canadian government has announced that it is exploring the potential to use biofuels for its Navy. In a
TOKYO – Mitsubishi Heavy Industries, Ltd. (MHI), working jointly with Mitsui O.S.K. Lines, Ltd. (MOL), has developed installation technology of a ballast
By Frances Robinson BRUSSELS–The European Commission has opened an in-depth investigation to verify whether numerous public support measures granted by
The Clipper Stad Amsterdam, jointly owned by the city of Amsterdam and HR agency Randstad, has been plying the world’s oceans continuously since her
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Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented
Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore
WASHINGTON – The National Transportation Safety Board’s latest update on the ongoing investigation into the Jan. 9 Seastreak Wall Street hi-speed
The Chief Officer of cargo ship has been fined after his ship ran aground when he apparently fell asleep while going to the head. The U.K.’s Maritime and
Drilling contractor Pacific Drilling (NYSE: PACD) is kicking off 2013 by continuing on an aggressive ultra-deepwater drillship expansion program, announcing
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OKPO, KOREA – On 15 January at 1435 local time, a shipyard worker was killed and 3 others slightly injured by a massive piece of steel that fell off
By TENNILLE TRACY WASHINGTON–Dow Chemical Co. (DOW) severed ties Friday with one of Washington’s most powerful groups representing the
Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four
Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers
The Port of Kimitsu, Japan, received a Valemax super iron ore carrier for the first time on Saturday, 19 January. The Vale Brasil, which has a capacity to
By Kjetil Malkenes Hovland and John D. Stoll STAVANGER, Norway–Statoil ASA (STO, STL.OS) Chief Executive Helge Lund said Monday in a town hall meeting
Two U.S. Coast Guard aircrews on Friday rescued 12 crewmembers from a capsized research vessel off the coast of Pensacola, Florida in the Gulf of Mexico. The
Jan. 21 (Bloomberg) — The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost
New proposals at the world’s third largest port may require all shippers that pass through the area to switch to low-sulphur fuels. In his latest policy
By Cris Larano MANILA–The Philippines will seek remuneration from the U.S. for the damages sustained by the Tubbataha Reef after a U.S. Navy minesweeper
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Jan. 21 (Bloomberg) — Demand to ship dry-bulk commodities will exceed fleet growth in the year’s second half as the freight market begins to
YOKOSUKA, Japan – The U.S. 7th Fleet Commander on Saturday expressed regret over the grounding of USS Guardian (MCM 5) on Tubbataha Reef in the Sulu Sea.
Jan. 21 (Bloomberg) — Trafigura Beheer BV agreed to buy three medium-range tankers to carry refined oil products such as gasoline, its first purchase of
Canada Steamship Lines (CSL) has confirmed it has installed and integrated Ecospec’s novel CSNOx system onboard one of its Great Lake carriers.
Jan. 21 (Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, dropped the most in almost a month in Oslo after it lost out on a $1.1 billion
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