The United Nations special envoy on maritime piracy off the coast of Somalia has proposed the setting up of two special courts inside the country and one in Tanzania to try suspected pirates, saying the problem in the Indian Ocean was getting out of hand and required “strong and decisive action.”
Caterpillar Marine Power Systems was recently selected to provide combined propulsion systems for two Scandlines car ferry newbuilds.
An advanced wind farm construction vessel ordered at German shipbuilder J.J. Sietas has a two-year project lined up following its September 2012 delivery. The ship is on order for Rotterdam headquartered marine construction contractor Van Oord, which has just signed an LOI for the construction of the BARD-Netherlands offshore wind farm.
An Australian politician says the punishment for two mariners who steered a foreign ship into the Great Barrier Reef Marine Park is too lenient.
Workers striking over wages have blocked a major port near the city of Rosario, paralyzing Argentina's main point of soy and grain exports, union sources said Wednesday.
Hyundai Heavy Industries Co., the world’s biggest buyer of steel plate, plans to increase use of the material 14 percent this year to the most since 2008 as it boosts production of container vessels and oil tankers.
Somali pirate attacks are increasing, spurred by a 36-fold jump in ransoms in five years, raising costs for shippers and the threat to vessels carrying 20 percent of world trade. The raids are adding at least $2.4 billion to transport costs because vessels are being diverted onto longer routes to avoid attacks off east Africa,
Korea's Daewoo Shipbuilding & Marine Engineering has practically won two drillships.
Ship owners from Japan and Germany have a keen interest in Turkey’s maritime industry, representatives of leading shipbuilding companies told the Hürriyet Daily News & Economic Review at a trade fair Wednesday.
The nation's fourth-largest oil company says net income rose to $1.2 billion from $938 million a year earlier as production increased and oil prices hit two-year highs.
U.S. Democrats on Wednesday pressed for new legislation aimed at preventing a repeat of last year's massive BP (BP.L) (BP.N) oil spill, as Republicans warned that the disaster should not be used to hamper offshore oil and natural gas production.
Oil and natural gas company Murphy Oil Corp. said Wednesday after the markets closed that its fourth quarter profit fell 45% from last year, when results were boosted by a hefty gain related to a recovery of deepwater federal royalties paid for certain oil and gas properties in the deepwater Gulf of Mexico.
San Donato Milanese (Milan), 26 January 2011 – Saipem has been awarded new offshore and onshore drilling contracts worth approximately US$320 million.
Pride International recently announced that the company has dedicated and accepted delivery of the ‘Deep Ocean Mendocino’, the third new deepwater drillship to be added to the Pride International fleet.
Italy's oil and gas major Eni has won an international tender to operate block 35 in deepwater offshore Angola as it pushes to expand on its core African market and boost deepwater development.
Specialist oil and gas supply and service company L&N (Scotland) have appointed Craig Finnie to Operations Director while Mike McArtney takes on a new role as Business Development Director. 
Repsol Sinopec with partners, Petrobras of Brazil and UK-based BG Group, discovered high quality crude in ultra-deep waters in the Santos Basin in Brazil’s pre-salt play.
Abu Dhabi has launched an ambitious project to link its massive offshore gas facilities with onshore networks as part of an ongoing development plan in its hydrocarbon sector, an official has said.
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