The 130,000-ton Carnival Magic, Carnival Cruise Lines’ newest ship, is shown here conducting sea trials in the Adriatic Sea in preparation for its May 1 debut from Europe.
RESOLVE Marine Group has successfully raised and refloated the “Machinist” drydock at Guam Shipyard in Apra Harbor, Guam. The 825 ft drydock sank on January 2, 2011 during a rough weather event. The salvage began on January 31 and successfully refloated the drydock on March 3.
American sailors and aviators assigned to the guided missile cruiser USS Leyte Gulf (CG 55) and aircraft carrier USS Enterprise (CVN 65) thwart a pirate attack on board the Phillipine-flagged bulk carrier Falcon Trader II. 
Statoil (STL.OL) has been awarded the sixth new permit to drill in deep waters of the U.S. Gulf of Mexico since last year's oil spill, the U.S. Bureau of Ocean Energy said on Friday.
BP Plc (BP/) can conduct additional tests on the Deepwater Horizon drilling rig’s blowout prevention equipment now that government examiners have finished their own forensic testing, a judge ruled.
The "Nedland" ran aground at Grønsund in the morning of Mar 24, 2011. The vessel has meanwhile been refloated and towed to the port of Korsør, where it will be surveyed for damage.
Chinese boarder control detected a high level of radioation aboard the "Mol Presence" after the vessel reached Xiamen on Mar 22, 2011.
A.P. Moeller-Maersk A/S and Hapag- Lloyd AG have halted services to some Japanese ports because of the earthquake and nuclear radiation concerns.
Japan's transport ministry on Friday sought to ease growing fears among global shipping lines on the safety and insurance issues of operating in Tokyo Bay, saying radiation at the country's largest ports were at "very safe" levels.
Eagle Bulk Shipping Inc. announced Friday that it has reached a comprehensive agreement with the Receivers of Korea Line Corporation ("KLC") regarding twelve time-chartered vessels impacted by KLC's decision to file for protective receivership earlier this year. The agreement follows extensive and highly constructive dialogue between the two parties.
In a new report, BIMCO reiterated that spot rates for shipping of shipping of containers out of Shanghai bound for Europe has now slipped below the USD 1,000 per TEU–mark for the first time since March 2009. Following yet another weekly drop in freight rates on this main trading lane, boxes are now being shipped off at USD 992 per TEU, USD 27 per TEU lower than last week. 
Brazilian oil and gas firm OGX Petroleo e Gas Participacoes has discovered hydrocarbons in the Albian-Cenomanian section of the 3-OGX-35D-RJS well in the Campos basin offshore Brazil.
An official spokesman for Beluga has confirmed that the German public prosecutor's office and police visited the company's Bremen HQ this week looking for evidence of possible fraud, but declined to comment on whether any evidence was either discovered or taken away.
South Korean small and medium-sized shipbuilder Sungdong Shipbuilding and Marine Engineering Co Ltd said it had won a combined $550 million worth of orders from unidentified European shippers.
The Brazilian port of Santos is set to receive a total $679 million to develop a new container terminal to help address port congestion and to strengthen Brazil’s port sector.
Norwegian oilfield services company Sevan Marine (SEVAN.OL: Quote) is to float its drilling business next month to develop its activities in the fast-growing ultra-deepwater market, lifting its shares.
Aker Solutions has reached a major milestone in delivering the 100th subsea tree to the world’s largest subsea field development – Statoil’s Troll.
Hyperdynamics Corporation today announced that it intends, subject to market and other conditions, to offer its shares of common stock pursuant to a shelf registration statement under the Securities Act of 1933, as amended.
Bid documents for domestically-built rigs expected to emerge in next few months
Tenders out for five unmanned WHPs at WO 16 and Cluster 7
Husky’s South China Sea contract could prompt last-minute price war
Issue 49 of Seatrade Asia Week has hit subscribers’ inboxes packed with exclusive interviews and analysis.
MPI Offshore Limited (MPI) has taken delivery of MPI Adventure in Qidong, People's Republic of China.
German shipping companies are avoiding Tokyo Bay area ports due to radiation fears and Japan could face severe supply chain bottlenecks as vessels get diverted, ship industry officials said on Thursday.
Dubai World would consider selling some of its shareholding in DP World (DPW) if the planned listing of the ports group in London is successful, a DPW executive said yesterday.
Maersk Line, the world's largest carrier of shipping containers by volume, will open its third gateway in South China at Nansha port in Guangdong province, said Soren Karas, head of the company's South China cluster.
All Japanese ports affected by the devastating earthquake and tsunami that hit the northeastern part of the country on March 11 have now reopened, according to the Ministry of Land, Infrastructure, Transport and Tourism.
International piracy costs the shipping industry billions of dollars a year and leads to high-profile murders that make global headlines. Longstanding concerns over piracy have led to numerous international laws and conventions designed to keep pirates in check – but research from North Carolina State University shows that the tangled network of laws may actually be helping pirates escape justice.
Overall confidence levels in the shipping industry dropped for the third successive quarter in the three months ending February 2011, to reach their lowest level for 15months, according to the latest survey by leading accountant and shipping adviser Moore Stephens.
Tanker owners are trying to figure out how to employ their vessels, with disruptions in normal crude and product trades now being the norm. On one hand there’s the recent devastation and nuclear crisis in Japan, which has severely affected a large portion of global trade and on the other hand there’s the Libyan and Middle Eastern crises, which have been impacting crude flows in those routes as well.
Kristian Rokke, son of Norwegian billionaire Kjell Inge Rokke, will take over as president and CEO of Aker Philadelphia Shipyard, effective April 5.
Hyundai Heavy Industries, the world’s biggest shipbuilder, today launched Korea’s third 7,600 ton class Aegis destroyer, the Ryu Sung-ryong.
Hanjin Shipping reported today that it received a 10,000TEU class containership.
South Korea has built the world's first "smart vessel" that can enhance operational efficiency and reduce management costs for shipping lines, the government said Thursday.
Euro Exchange Rate