Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that the Company has completed its previously-announced $30 million share repurchase program. Under the program, the Company has repurchased 6.45 million common shares, or approximately 6.3% of the...

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Standard Chartered Bangladesh and Mediterranean Shipping Company Bangladesh Ltd (MSC) have recently signed an agreement. According to the agreement, MSC’s enterprise Standard Chartered will provide host-to-host connectivity to the resource planning (ERP) platform...

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Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co., Ltd., and Hanshin Diesel Works, Ltd. today announced the decision to build a methanol-fueled coastal tanker. The six companies have...

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The latest ship attack around the Arabian Sea shows that even with a reopening of diplomatic relations between Saudi Arabia and Iran, there is no guarantee of safety in one of the world’s most important sea lanes for crude oil and natural gas supplies. For the US...

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An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a “shadow” fleet of tankers carrying oil last year from countries...

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