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By Tennille Tracy, Wall Street Journal BP PLC won approval from U.S. officials Friday to look for oil at new sites in the Gulf of Mexico, the firms’s

HOUSTON -(Dow Jones)- The rate at which new deep-water permits are being approved under new rules in the U.S. Gulf of Mexico is improving, said Diamond

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its third-quarter net profit rose 33.3% from a year earlier, beating analysts’

In a spectacular show of “I’m going to seriously ruin your world if you don’t comply,” the British Royal Marines embarked on HMS

Global Summary of Maritime Crime and Piracy, week of 13 October 2011 (source: ONI) NIGERIA: Vessel (JOAN CHOUEST) attacked by pirates on 17 October near

Horizon Lines’ common stock started trading on the over-the-counter securities market today under the symbol HRZL following the companies delisting

One of the main stories last week was the apparent dismissal (for lack of a better word) of the Superintendent of the of the US Merchant Marine Academy at

By Daniel Michaels, Wall Street Journal ALESUND, Norway—While many American and European manufacturers transplanted production to low-wage countries in

By Solomon Moore, Wall Street Journal NAIROBI—Kenyan helicopters launched airstrikes in neighboring Somalia on Wednesday, striking at bases of al

OTTAWA (Dow Jones)–The Canadian government Wednesday awarded C$33 billion (US$32.3 billion) of shipbuilding contracts, the largest in the country’s

New Study Looks At The Economic Impacts of the Great Lakes-St. Lawrence Seaway System CLEVELAND—Cargo hauled on the Great Lakes in U.S.-flag vessels is

Houston-based drilling contractor Atwood Oceanics revealed Tuesday that one of its subsidiaries is the mystery buyer in an ultra-deepwater drillship

Drone aircraft, officially called unmanned aerial vehicles (UAVs), are just starting to be used to spot, identify, scare pirates away, and prevent hostage

What happens to mariners after a pirate attack? Millions have been spent, new weapons developed, and new procedures written with the goal of ending piracy off

In what may be the first reported case of Somalis doing their part to prevent Somalia-based piracy operations, a speed boat carrying 7 men, AK-47s, RPGs, and

Fred Olsen today said it has reached an agreement with Hyundai Heavy Industries to extend its option for a second newbuild drillship originally set to expire

By Captain G. Andy Chase, Professor of Marine Transportation, Maine Maritime Academy   In this modern age, all maritime schools are spending a great

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has exceeded its annual order target of $11 billion by 9%,

LONDON—BP PLC on Monday said it had reached a $4 billion out-of-court settlement with Anadarko Petroleum Corp. to settle claims related to the deadly

U.S. officials are trying to make sure the American coastline will be protected as Cuba begins drilling a deep water oil well later this year about 60 miles