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…

Russian troops were in the center of the Ukrainian port of Kherson on Thursday after a day of conflicting claims over whether Moscow had captured a major urban center for the first time in its eight-day invasion.Russia's defense ministry said…