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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A U.S.-sanctioned product tanker has been hijacked in the Gulf of Aden and redirected toward Somalia after six armed men boarded and seized control of the
By Weilun Soon Aug 22, 2026 (Bloomberg) –Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern
The river Rhine in Germany has risen sharply after recent rain, the country’s inland navigation agency said on Monday, with vessels able to load more freight
U.S. Energy Secretary Chris Wright says the military helped move more than 15 million barrels of oil and petroleum products through the Strait of Hormuz on
Dutch general cargo vessel Thamesborg has safely completed its first transit of Canada’s Northwest Passage since running aground on an uncharted shoal in the
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
A U.S.-sanctioned product tanker has been hijacked in the Gulf of Aden and redirected toward Somalia after six armed men boarded and seized control of the
By Weilun Soon Aug 22, 2026 (Bloomberg) –Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern
The river Rhine in Germany has risen sharply after recent rain, the country’s inland navigation agency said on Monday, with vessels able to load more freight
U.S. Energy Secretary Chris Wright says the military helped move more than 15 million barrels of oil and petroleum products through the Strait of Hormuz on
Dutch general cargo vessel Thamesborg has safely completed its first transit of Canada’s Northwest Passage since running aground on an uncharted shoal in the
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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
Inmarsat Maritime, a Viasat company, and South Korean telecommunications services provider SK telink have signed an agreement to advance maritime digitalisation across the
MacGregor has been selected to deliver a comprehensive scope of cargo handling solutions for six 1,700 TEU dual-fuel LNG-powered containerships to be built at Cochin Shipyard
An innovative ferry-to-floatel conversion proves that zero-emission hotel loads are a reality today, offering cruise and ferry operators a highly efficient, scalable alternative
ABB has secured a contract with Guangzhou Shipyard International (GSI) to deliver an integrated power and propulsion package to semi-submersible heavy transport vessel (HTV) Grand
First U.S.-Manufactured Lithium Iron Phosphate Marine Battery System to Receive Classification Society Approval ABS has issued a product design assessment (PDA) to Fleetzero for
ABS and Samsung Heavy Industries (SHI) have announced two milestones advancing floating data center development, part of a series of innovative agreements following the opening of
Damen Shipyards Group has signed a contract with Greece-based Aegean Tugs Shipping Company for an ASD Tug 2811. Thanks to its stock-building programme, Damen is able to offer its
Thordon Bearings, the market leader in environmentally safe, water-lubricated and grease-free bearing and seal solutions, has welcomed marine engineering and naval architecture
Inmarsat Maritime, a Viasat company, and South Korean telecommunications services provider SK telink have signed an agreement to advance maritime digitalisation across the
MacGregor has been selected to deliver a comprehensive scope of cargo handling solutions for six 1,700 TEU dual-fuel LNG-powered containerships to be built at Cochin Shipyard
An innovative ferry-to-floatel conversion proves that zero-emission hotel loads are a reality today, offering cruise and ferry operators a highly efficient, scalable alternative
ABB has secured a contract with Guangzhou Shipyard International (GSI) to deliver an integrated power and propulsion package to semi-submersible heavy transport vessel (HTV) Grand
First U.S.-Manufactured Lithium Iron Phosphate Marine Battery System to Receive Classification Society Approval ABS has issued a product design assessment (PDA) to Fleetzero for
ABS and Samsung Heavy Industries (SHI) have announced two milestones advancing floating data center development, part of a series of innovative agreements following the opening of
Damen Shipyards Group has signed a contract with Greece-based Aegean Tugs Shipping Company for an ASD Tug 2811. Thanks to its stock-building programme, Damen is able to offer its
Thordon Bearings, the market leader in environmentally safe, water-lubricated and grease-free bearing and seal solutions, has welcomed marine engineering and naval architecture
![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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