Tanker Supply at Seven-Month Low Seen Lifting Rates on China
(Bloomberg) — The glut of oil tankers competing to load in the Persian Gulf dwindled to a seven-month low as China draws shipments, setting the
(Bloomberg) — The glut of oil tankers competing to load in the Persian Gulf dwindled to a seven-month low as China draws shipments, setting the
At 396 meters and the capacity to hold an astonishing 16,020 TEUs, the CMA CGM Marco Polo is now officially the world’s largest containership. The
BUENOS AIRES–The International Tribunal for the Law of the Sea has proposed holding hearings Nov. 29-30 in a dispute between Argentina and Ghana over a
RIO DE JANEIRO—-The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it
(Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, won an appeals court ruling that reinstates a $15 million jury verdict
Norwegian offshore engineer Dof ASA (DOF.OS) said Friday it has secured multiple contract awards in Asia Pacific, the Mediterranean and in the Gulf of Mexico
(Bloomberg) — New York Harbor gasoline slumped for a third day after the waiver of the Jones Act allowed cargoes to be delivered from the Gulf Coast and
Investigators in the UK have confirmed what everyone already knew about the March 7th collision between the M/V Union Moon and the Stena Feronia ferry: that
The Coast Guard safely rescued five crewmembers from the tug Polar Wind which ran aground and began taking on water 20 miles east of Cold Bay, AK at 8:58
(Bloomberg) — BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims
Overseas Shipholding’s (OSG) Chapter 11 filing to deal with its bulging debt isn’t a surprise. And it also won’t be the
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Wärtsilä said this week that it has now sold more than 2,000 of its gas fueled engines which have together accumulated more than 7 million operational
Standard & Poor’s Ratings Services has lowered Overseas Shipholding Group’s long-term credit rating to ‘D’ after the company
A Singaporean ship chandler was killed Tuesday after falling into the water while disembarking from a bulk carrier at the Port of Singapore following a
Danish dry bulk operator Ultrabulk said Wednesday that continuous delays have forced the company to cancel its order for two large Panamax bulkers from
The Vestas Sailrocket team has had its eye on the world record since their first boat was launched in 2002. Now, over ten years later, the team finds
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(Bloomberg) — Overseas Shipholding Group Inc., the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the
Coral Princess Cruises has been fined $180,000 following the death of a crewman after he was trapped by a powered door while working on the cruise ship
As the shipping industry endeavours to conserve expensive fossil fuels, cargo ship designers are now turning to the oldest source of power there is: the wind
R. Keith Michel, Chairman of the Board of the Herbert Engineering Group of Companies, has been appointed President of Webb Institute, the country’s
The re-floating stage is illustrated in this picture, after the parbuckling phase has been completed and caissons have been attached to the starboard side of
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