SHANGHAI, May 7 (Reuters) – Seventeen people were missing after a Chinese fishing boat collided with a Maltese cargo ship and sank in the East China Sea on Saturday, state media reported, citing the country’s coastguard fleet.
Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 224 million for the first quarter of 2016, a drop of 86 percent compared to USD 1.6 billion seen in the same period a year earlier.
Wood Group has been awarded a three-year contract extending its support of Shell’s eight UKCS offshore asset thus retaining more than 500 jobs.
Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to th...
Liquefied natural gas (LNG) ship-owners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the LNG Forecaster report from global shipping consultancy Drewry.
Lawmakers in Massachusetts are drafting a bill that would jump-start the offshore wind industry in the U.S., helping trigger a $10 billion building spree off the Atlantic coast.
The energy bill may be introduced as early as this month and is expec...
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