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MILAN– Saipem announced today that they have been awarded new offshore and onshore drilling contracts worth approximately $500 million. In the Adriatic

TOKYO (Dow Jones)–A vessel carrying Japanese nationals is believed to have been seized by Russian border control authorities near a disputed island, a

While the United States continues to struggle integrating AIS into the national data stream, Europe pushes forward with plans to acquire ship tracking data

WASHINGTON – U.S. Transportation Secretary Ray LaHood today named Colonel (ret.) James Helis, Ph.D., as the new superintendent for the U.S. Merchant

Charles Fabrikant, Executive Chairman of Seacor Holdings discusses the ups and downs of the shipping industry during the past 40 years at Marine Money 2012 in

OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) has said it will lose about 115 million kroner ($19 million) a day due to a strike by offshore

Intermarine, a Houston-based international shipping company specializing in project and heavy lift cargo transportation, announced today that Alfred (Al) JV

There’s been a bit of buildup on Twitter and on Facebook these past few weeks about today’s “Day of the Seafarer” and we’ve been

ST. PETERSBURG, Russia (Dow Jones) –Japan is hopeful that some accord can be reached with the United States to secure liquefied natural gas exports from

TOKYO (Dow Jones) –Japan and Russia agreed to provide necessary support for a project to build a liquefied natural gas plant in Vladivostok in a deal

The following article provided by the marine weather blog Ocean Weather Services blog and written by Fred Pickhardt, a professional marine meteorologist and

SAINT PETERSBURG – OAO Sovcomflot (SCF Group) announced on Friday that Citigroup and Bank of America Merrill Lynch signed a USD $140 million, 7 year

In the second day of St. Petersburg International Economic Forum, Russia’s largest shipbuilder, United Shipbuilding Corporation (USC), signed a joint

By Elisabeth Ferland The military, business leaders, environmentalists, and labor groups all support the ratification of the U.N. Convention on the Law of the

If we’ve learned anything from the economic plight of the last few years, it’s the benefits of legal certainty for economic growth. Yet when small

14-21 June 2012 Composite close – $660.95 MT Oil prices continued their fall this past week as WTI reached new eight month lows and Brent reached lows

At the 25th annual Marine Money conference in New York this week, Andreas Stubsrud, Head of Research at Pareto Securities, predicted a need for 200 new jack up

Oceans Beyond Piracy, the same advocacy group that calculated the economic cost of piracy by the numbers, has just released its second annual installment of

LONDON–The sliding price of North Sea Forties crude, the main component of global benchmark Brent, is set to find support as up to 2 million barrels of

SINGAPORE (Dow Jones) —National Iranian Oil Co. will move its top fuel oil trader to head its Beijing office next month just as Europe’s embargo