Norway's BW Offshore said on Thursday it had found the body of a seventh victim of a Feb. 11 blast on a production vessel it operates for Brazil's state-run oil company Petroleo Brasileiro SA.
Petrobras has made the following clarification with regard the downgrade to Petrobras’ debt rating announced yesterday (February 24) by Moody’s. The company
The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance
The UK P&I Club announced its renewal results for 2015 following the closure of the renewal season on February 20, 2015, reporting a net increase of 1.2 million
Exxon Mobil Corporation Reported today that it replaced 104 percent of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels,
Jacqueline Tan, Senior Claims Executive at the UK P&I Club, commented on the ballast water management controls coming into force: “The coming into force of the
At least 33 people died in Bangladesh on Sunday when a passenger ferry capsized after colliding with a trawler on the river Padma with more than 100 people aboard, police said.
The founder of coal company L&L Energy Inc was sentenced to five years in prison Friday for lying to U.S. regulators about who was operating the company and
Moody's downgrade of Russia's sovereign rating was based on "factors of a political character," Russia's Finance Minister Anton Siluanov said early on Saturday
Brazil is gauging market interest in exploring for oil and gas in the country before deciding whether to go ahead with a new auction of blocks in the first half of this year,
When a land-based contractor decides to work on water, risk can arise from unexpected places. It doesn’t have to be that way.
In the past, companies involved in the marine industry,
Severe Tropical Cyclone Marcia is predicted to intensify to a Category 4 system as it crosses the Queensland coast between Mackay and Gladstone early on Friday
A CSX Corp train hauling North Dakota crude derailed in West Virginia on Monday, setting a number of cars ablaze, destroying a house and forcing the evacuation
The fishing vessel industry fatality rate is 30 times higher than the average of all US industries. To address this, US legislation requires that all new fishing
International accountancy firm Moore Stephens says the shipping sector should approach private equity (PE) providers for funding to support the ‘significant investment’
Dozens of ships queuing to dock due to ports dispute; Honda slowing North American car production as parts held up.
A labor dispute at ports on the U.S. West
BW Offshore cut its dividend on Monday, blaming lower spending by customers due to a fall in crude prices as well as a deadly accident in Brazil last week.
U.S. oil refinery managers are going to the mats, literally, during the biggest fight with union workers in 35 years, bedding down for a third strike week that
The Australian Federal Police have arrested the captain of a Chinese coal ship -China Steel Developer- for sailing through part of the Great Barrier Reef Marine Park without a pilot.
According to The Swedish Club, half of the costs of hull and machinery claims handled by the Club have arisen due to navigational claims such as collisions, contacts