John Fredriksen's Seadrill has placed orders for four ultra-deepwater drillships, to be built at Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI), with a total value of roughly $2.4bn.
Somali piracy fell to its lowest since 2006 in the first half of this year, but violent attacks off West Africa are on the rise, warns the International Maritime Bureau (IMB) its first half report.
The Turkish government is set to launch a new shipping route through the Suez Canal as an alternative for the country's exporters who have faced difficulties in shipping to the Middle East via Egyptian ports due to recent political unrest in the...
Malaysian sovereign wealth fund Ekuiti Nasional Bhd (Ekuinas) offshore supply vessel unit Icon Offshore Bhd plans to make one more regional investment before its planned initial public offering (IPO) next year, according to local reports.
Most, or all, of the 15 crew of the Somali pirate-held vessel Albedo, which sank on 6 July, are reported to be alive and being held captive on a fishing vessel.
DP World has acquired a 19% stake in Sociedad Portuaria Regional de Buenaventura (SPRBUN) that operates the largest terminal on Colombia’s Pacific coast for $150m. However the Dubai-headquartered terminal operator intends to buy up to 23% and...