Latest Maritime News
U.S. crude stocks held by refiners, traders and pipeline companies have hit the highest level since the Great Depression, as refiners hold out for cheaper prices before they take in more domestic oil.
The International Chamber of Commerce’s International Maritime Bureau (IMB) has revealed that piracy on the world’s seas is at its lowest first-quarter level since 2007,
Italian oil services group Saipem confirmed its guidance for the year on Thursday after posting a first-quarter net profit above market consensus.
In a statement Saipem,
Iraq's oil exports fell to 2.39 million barrels per day (bpd) on average in March, the oil ministry said, down from a record 2.8 million in February due to repeated sabotage of a northern pipeline.
China Supreme Court says Mitsui pays about $29 mln; Ship released about 0030 GMT Thursday. Ship was seized over dispute dating back to 1930s. Advisor to plaintiffs says will likely demand more money.
U.S. Deputy Secretary of State William Burns, the most senior U.S. official to visit Libya since a deadly 2012 attack on a U.S. compound there, said on Thursday
Peabody Energy Corp, the world's largest private-sector coal miner, said first-quarter loss more than doubled due to weak prices for steelmaking coal.
The family that has a major stake in companies that control the shipping operator whose ferry sank last week, likely to have killed hundreds, will take social and
Shipping tycoon John Fredriksen is joining one of its shipping firms with rival Knighsbridge Tankers Ltd to create the largest U.S. listed Capesize firm, which
A boy and girl trapped in a sinking South Korean ferry with hundreds of other high school students tied their life jacket cords together, a diver who recovered their bodies said,
Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling.
French wind farm operator Theolia said it was looking at several options to refinance a 126 million euro ($174.2 million) convertible bond, which it would be unable
Oil and natural gas producer Noble Energy Inc posted a 23.4 percent drop in quarterly profit on Thursday due in part to hedging losses and a jump in income taxes.
In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.
This fall, FarSounder says it will be launching a major software upgrade for its FarSounder-500 and FarSounder-1000 forward-looking navigation sonars. The upgrade
An additional 3 billion cubic metres (bcm) of natural gas may flow from Russia to Turkey by end-2015 if a deal is reached on the price, Turkish Energy Minister
Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition.
January-March 2014 operating profit,
Liquid photopurification specialist company SurePure Inc. apprises of a breakthrough in the microbiological purification of contaminated marine diesel fuel, using
Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever,
Decreasing seasonal sea ice has opened up Arctic waters for longer periods with resulting potential economic opportunities in commercial shipping, cruises, commercial fishing, oil, and mining.