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(Bloomberg) — Sales of offshore wind turbines collapsed in the first half, a sign the power industry and its financiers are struggling to meet the

Update: The vessel fired on was a fishing boat whose owner is from the United Arab Emirates, according to Al Arabiya television. The fisherman who was killed

HOUSTON – (BUSINESS WIRE) – McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has been awarded two projects

LONDON–U.K.-listed oil explorer Tullow Oil PLC (TLW.LN) said Monday it has decided to abandon a high-pressure oil well it was drilling off the coast of

(Bloomberg) — Pirate attacks fell to the lowest since 2008 this year as the presence of naval forces helped deter Somalis from attacking merchant

Over the weekend, Kleven Maritime signed a 400 million NOK (USD $65M) contract with Remøy Shipping for a new Wärtsila-designed, LNG powered platform

(Bloomberg) — Teekay Corp., the biggest operator of Aframax crude tankers, is poised to return to profit after three years of losses as record Russian

This is what happens when you make a crane out of rubber and Elmers

Murphy’s Law was proven once again this weekend as the Noble Discoverer, a Shell-contracted drill ship destined to start drilling in arctic waters,

Update (Tues. 7/24/12): Blaze Contained on MSC Flaminia Update (Fri. 7/21/12): Salvors Board Burning MSC Flaminia Wednesday Update: Photos Reveal Damage to MSC

WARSAW–The construction of Poland’s liquefied natural gas terminal on the Baltic Coast is four months behind schedule, a critical delay that may

Technology is changing the shipping industry.  Regulations affecting the shipping industry are constantly changing and evolving.  The way in which we conduct

The board members at Fairstar Heavy Transport had better start polishing up their resumes because Dockwise is about to kick them all out on to the street.

The Alaska Department of Transportation and Public Facilities (DOT&PF) and the Alaska Marine Highway System (AMHS) found that the May 7, 2012 allision of

Maritime and offshore industry recruitment group, Faststream, has released their annual Maritime Salary Review, looking at salary trends across a number

(Bloomberg) — Daily rates for the largest commodity carriers fell for a fourth session amid a surplus of available ships to haul cargoes. Returns for

HONG KONG–Container shipper Orient Overseas (International) Ltd.’s (0316.HK) second-quarter revenue rose 10.6% from a year earlier, the Hong

(Bloomberg) — Japan will load its first Iranian crude cargo backed by sovereign guarantees since sanctions disrupted coverage in the international

COSCO Corporation (Singapore) Limited announced today that their COSCO (Dalian) Shipyard subsidiary has delivered a Kamsarmax bulk carrier of 80,000DWT,

(Dow Jones) Moody’s Investors Service lowered its outlook on Teekay Corp. (TK) to negative from stable, citing concerns about management’s plan