Engineering firm, a major supplier to the oil industry, has decided to pay a regular dividend and buy back stock as it swung to a full-year profit in 2021 and its outlook improved, the company said on Thursday.Subsea 7 said it "firmly" believed that the market recovery was underway based on increase

Modern American Recycling Services, Inc. (M.A.R.S.) has acquired the DP3 diving support construction vessel “Caballo Marango” and will rename the vessel to 'Captain America.'"The acquisition of this vessel represents a substantial investment…

Nippon Yusen Kabushiki Kaisha (NYK), MTI Co., Ltd. (MTI) and Elomatic have completed the development of a concept design for an ammonia-fuel ready LNG-fueled vessel (ARLFV) for the transition to a future marine fuel.As the maritime world digests…

French customs have seized a yacht belonging to Rosneft boss Igor Sechin as it tried to leave the Mediterranean port of La Ciotat in a breach of EU sanctions on Russian oligarchs, Finance Minister Bruno Le Maire said.The move came as western states are implementing massive sanctions…