SOUTH Korean state-run utility Korea Gas Corp, or Kogas, said yesterday it may sell around a 10 per cent stake in the Gladstone liquefied natural gas project in Australia to Korean or Japanese companies.
Korea's Samsung Heavy Industries is promoting the development of cutting-edge eco-ships, including fuel-efficient ship types, fuel-saving devices and LNG-fueled ships.
Tourism operator Mary D Enterprises has selected Austal to design and construct a 35.20m high-speed monohull passenger ferry, the second Austal-built vessel for the Noumea-based company.
Eniram Oy, the developer of dynamic decision support systems, announced that the Norwegian shipping company Color Line AS will be deploying the first installation of the dynamic trimming assistant (DTA) on one of their ferries in March.
The Department of Homeland Security (DHS) and Department of State (DOS) today announced the creation of an annotated version of the B-1 visa--issued to foreign citizens visiting the United States for business purposes--that will make foreign maritime workers eligible to apply for a Transportation Worker Identification Credential (TWIC). 
Prime Minister Vladimir Putin has told the Federal Anti-Monopoly Service, or FAS, to open an anti-monopoly investigation into instances of unfair fuel price hikes.
Amid almost daily pirate attacks, The Baltic and International Maritime Council warned Indian officials its members would find other routes if the shipping lanes between India and Africa could not be made safe.
Qatargas has produced the first liquefied natural gas (LNG) from its new train seven plant, the company said on Wednesday.
GENEVA's Mediterranean Shipping Company (MSC) has denied rumours flooding the market that it is planning new services between Asia and Europe including Mediterranean ports.
Hapag-Lloyd swung to an operating profit of $133 million in the final quarter of 2010 from a year-earlier loss of $211 million as rising cargo volume and sharply higher freight rates accelerate plans for an initial public offering of the world's sixth-largest ocean container carrier.
Chevron Corporation today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin.
Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million (124 million pounds) worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far.
The Korean trawler Geummi 305 was freed Wednesday, 124 days after it was hijacked by Somali pirates on Oct. 9 last year, a senior government official said.
Statoil's strategy update, fourth quarter and preliminary 2010 Operating and Financial Review.
The number of active Turkish shipyards has plummeted 60 percent since 2008 according to Today’s Zaman.
KfW IPEX-Bank again provided significant support to the German shipbuilding industry in 2010 by extending financing for 19 ships for export.
Renaissance Group, one among the top ten offshore support vessel operators in the world, is seriously considering deploying its vessels to extend support services to oil giants engaged in offshore exploration in the deep waters of Brazil and West Africa. 
One of the world's most important environmental organizations, the World Wildlife Fund, warned yesterday about the ecological impact of planned natural gas drills in the eastern Mediterranean, first and foremost those planned by Israel and Egypt.
Euro Exchange Rate