BW Offshore Cuts Dividend
BW Offshore cut its dividend on Monday, blaming lower spending by customers due to a fall in crude prices as well as a deadly accident in Brazil last week. The company…
Managers Bunking at U.S.Refineries, Strike Continues
U.S. oil refinery managers are going to the mats, literally, during the biggest fight with union workers in 35 years, bedding down for a third strike week that experts…
Euroseas Report Loss in 4Q, FY 2014
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes…
EMGS to Appeal Ruling On Patent Invalidity
As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the High Court of Justice, Patent Court…
PGS Wins Patent Dispute with EMGS
Petroleum Geo-Services ASA ('PGS' or the 'Company') today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit…
Keppel Appoints Vestring to its Board
Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office. Of his 24-year career with Bain, Mr Vestring has spent over two decades in Asia advising…
Navionics Debuts SonarCharts
Navionics, the leader in location-based content for the recreational boating and outdoor markets, announced today the release of a new SonarCharts chart card for…
Anthem of the Seas Ready for Float-Out
The latest cruise ship under construction - Anthem of the Seas - will leave building dock II of Meyer Werft shipyard in Northwestern Germany on February 21. The…
Founder Stolt-Nielsen Passes Away
Jacob Stolt-Nielsen, 83, passed away today in the company of his family at his home in Oslo. An entrepreneur and visionary of boundless enthusiasm and energy, Jacob…
Keppel FELS Delivers Largest Rig to Maersk
Keppel FELS Limited has delivered the ultra-harsh jackup rig, Maersk Integrator, to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, thirty days ahead of schedule…
Horizon Lines to Settle Merger Litigation
Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class…
Karachi Port Mulls Expansion
By the end of this year, the E- Class vessels are expected to steam through newly constructed three breakwaters and one revetment at Keamari Groyne of Karachi port coastline, reports the Dawn.
Cosco Scraps Eight Old Bulk Carriers
Following the recent announcement ordering 10 drybulk vessels, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping.
Maritime Piracy - A Global Headache
The maritime environment has presented a complex and challenging operating environment for all of human history. Piracy has been the most dangerous threat for seafarers.
Taiwanese Captain Arrested in Australia
The Australian Federal Police have arrested the captain of a Chinese coal ship -China Steel Developer- for sailing through part of the Great Barrier Reef Marine Park without a pilot.
MPA, ClassNK Ink MoU On Ship Safety
The Maritime and Port Authority of Singapore (MPA) and ship classification society ClassNK, have signed a memorandum of understanding (MoU) to enhance ship safety and environmental sustainability.
Singapore, India take stance in South China Sea row
India and Singapore asserts its stance in South China Sea saying no threat or force should prevail in the maritime dispute between China and its smaller neighbors like the Philippines…
Record 6 ships docked at Port Canaveral
Port Canaveral was jammed Sunday with both spectators and cruise ship passengers as, for the first time ever, six cruise ships tied up at the port’s docks. “It’s just a sign of things to come…
Havyard Delivers Windmill OSVs to Esvagt
Norway's Havyard Ship Technology has delivered the first of three offshore wind service operations vessels to Danish shipping company Esvagt. The 83.7-metre vessel…
West Coast Ports Backups Prompt Coffee Traders to Switch Ports
U.S. coffee importers have begun diverting shipments bound for West Coast roasters to ports on the Gulf and East Coasts due to a labor dispute that has caused prolonged backlogs in California…
