Big Profits Reported at Stolt-Nielsen, Future Looks Fairly Weak However
Norwegian shipping and seafood company Stolt-Nielsen Ltd. (Oslo Børs: SNI), reported financial results today for their second quarter and first six months
Norwegian shipping and seafood company Stolt-Nielsen Ltd. (Oslo Børs: SNI), reported financial results today for their second quarter and first six months
While transiting from Singapore to Christmas Island, HMAS Wollongong was tasked to respond to a vessel in distress which was eventually located approximately
It’s always a sad day when a ship is scrapped, but to see a ship destroyed or sunk in a ferocious manner may turn your stomach, particularly if
COPENHAGEN (Dow Jones) –Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday its oil and gas drilling services arm Maersk
A big congrats to Groupama Sailing Team, the overall winner of the 2011/12 Volvo Ocean Race, and their French skipper, Franck Cammas. After crossing nearly
The hull assembly of arctic offshore vessel NB 507 was started at the Keel Laying Ceremony at Helsinki Shipyard 3 July 2012. The ship is the sister vessel of
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[vimeo]http://vimeo.com/45095252[/vimeo] Maersk Line shared this story with us this afternoon of Tanawoot Pratoom, a painter on board the container ship Maersk
This week’s Ship Photo comes to us via Fairmount Marine, the Netherlands-based ocean towage and heavy lift transportation company operating a fleet of
(Dow Jones) Oil prices were solidly higher Tuesday morning on revived tensions over the Iranian nuclear program and renewed speculation about more Central Bank
By Asa Fitch Dubai’s decision to turn the Queen Elizabeth 2 into a floating hotel has ended years of uncertainty about the fate of an asset snapped up at
STOCKHOLM–Offshore workers in Norway, western Europe’s largest oil producer and exporter, Tuesday decided not to step up a strike that has already
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In their Q1 report, Maersk Line reported a 9 percent decline in freight rates along with a 31 percent increase in bunker rates. This added up to a billion
West Coast jones act carrier Matson on Monday began trading on the NYSE as its own independent company and brand after changing it’s name officially from
Maersk Line Limited, and 10 other US-based shipping companies were awarded nearly $5.9 billion in contracts today by the US Department of Transportation for
ATHENS, GREECE – International dry bulk shipping company, Diana Shipping Inc. (NYSE: DSX), announced today that it has entered into a time charter
LONDON–Iran has drafted a bill to block the Strait of Hormuz for oil tankers from states that support oil sanctions, an Iranian lawmaker said Monday. In
BW Offshore and Fred Olsen Production have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo
Originally ordered in November 2010, the STX OSV Langstan-built Far Scotsman (STX PSV08 CD) was delivered today to Farstad Shipping Limited and is slated to
Container shipping giant CMA CGM announced plans Monday to sell it’s luxury cruise line La Compagnie du Ponant to a European private equity firm.
Breda, the Netherlands, Dockwise announced today that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the
SINGAPORE (Dow Jones) –Container shipper Neptune Orient Lines Ltd. (N03.SG) said Monday it plans to sell its headquarters building in Singapore to raise
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By Tom Weaver, Partner, Weaver-Price Design & Construction Since the 1970s, the Volvo Ocean Race (VOR) has attracted an incredible global following as the
This week’s ship er, shipyard photo comes to us via Damen Shiprepair Brest, or DSB for short, located on the northwest tip of France. Formerly known as
STX OSV Holdings Ltd. (MS7.SG) said Friday it secured contracts worth about NOK500 million ($83.5 million) to build two platform supply vessels for Island
ABB announced Thursday that it has recently won an order worth $80 million from Samsung Heavy Industries to supply energy efficient drives, motors and
Smit Lamnalco said Thursday that it has secured a 10-year marine support and towage contract covering ExxonMobil-led LNG export terminal operations in Papua
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