India and the United States have agreed in principle to share military logistics, the countries’ defence ministers said on Tuesday, as both sides seek to counter the growing maritime assertiveness of China.
The newly expanded Gwadar deep-water port in Pakistan that is key to a planned $46 billion Chinese economic corridor is nearly complete and expects to process about a million tons of cargo next year, the operator said on Tuesday.
French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines.
Six Turkish members of a cargo ship’s crew have been kidnapped by pirates off the coast of Nigeria, a spokesman for the Nigerian navy said on Monday.
Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies.
The U.S. military on Thursday christened an experimental self-driving warship designed to hunt for enemy submarines, a major advance in robotic warfare at the core of America’s strategy to counter Chinese and Russian naval investments.
Venezuela’s PDVSA will discharge in the coming days its first cargo of U.S. crude bought from British BP, who along with China Oil was awarded a tender to supply the state-run company with some 8 million barrels in the second quarter, traders close to the deal told Reuters on Wednesday.
Sri Lankan Prime Minister Ranil Wickremesinghe is heading to Beijing on Wednesday to negotiate a $125 million penalty that a Chinese state firm is seeking from Sri Lanka for suspending work on a big port development project.
The Danish government said it would try to find an economically viable solution for gas production in Denmark’s part of the North Sea, after A.P. Moller-Maersk threatened on Monday to shut down the country’s main gas field.
Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore for oil and gas in its northern offshore areas.
U.S. Judge Carl Barbier granted final approval on Monday to BP Plc’s civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states.
Iran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday.
Chevron’s massive Gorgon liquefied natural gas (LNG) facility in Australia has hit technical difficulties, a spokesman said on Monday, resulting in a temporary suspension of exports less than a month after it started first production.
A.P. Moller-Maersk’s oil subsidiary said on Monday it will shut Denmark’s largest gas field in 2018 if it cannot find an economically viable solution for the ageing site by the end of this year.
Executives of Brazil’s state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais ($9.20 billion) by 2020, the company said in a statement on Friday.
Lockheed Martin Corp and Australia’s Austal have each won contracts worth up to $564 million to build one Littoral Combat Ship (LCS) for the U.S. Navy, the U.S. Defense Department said on Thursday in its daily digest of arms deals.
China COSCO Shipping Corp has placed an order for 10 very large ore carriers (VLOC) from China State Shipbuilding Corp (CSSC), the official Xinhua news agency reported late on Thursday.
The world’s third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa.
Italy on Wednesday asked judges in The Hague to order India to release a detained Italian marine, hours before Indian Prime Minister Narendra Modi was due at an EU-India summit in Brussels at which he aims to defuse the long-running row with Rome.
DONG Energy has terminated a contract to build an oil and gas platform for its Hejre field, postponing indefinitely the major development offshore Denmark, the Danish majority state-owned utility said on Tuesday.
Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners’ Association said in its yearly outlook report on Tuesday.
Seven Somali men accused of hijacking a French yacht in an assault in which its owner was killed and his wife abducted in the Arabian Sea four years ago appeared before a French court on Tuesday, all facing life sentences.
Huntington Ingalls Industries Inc Chief Executive Mike Petters urged the U.S. Navy to accelerate its new LX(R) dock landing ship program to fiscal 2018 from 2020 to avoid significant costs associated with restarting a production line.
The amount of time it takes for imports to clear Indonesian ports will be reduced to 3.7 days from 4.7 days under new reforms of procedures, the chief economics minister said.