Bender Shipbuilding & Repair Co. agreed to seek protection from its creditors, filing a Chapter 11 bankruptcy petition to reorganize.The company announced in a prepared statement that it intended to cut its workforce to about 300 to keep operations…
Earlier this year, Wirth became a fully controlled subsidiary of Aker Solutions, a Norwegian-owned company. Wirth Maschinen- und Bohrgeräte-Fabrik GmbH has since changed its name to Aker Wirth GmbH, reflecting the change of ownership and the integration that has taken place since the acquisition…
Hatteland Display has been selected to supply products to Consilium, a safety and navigation solutions supplier. Hatteland Display will supply their new 23 inch display with LED backlight, in addition to the 19 inch MMD, the 27 inch widescreen, and the recently launched panel computer 19 inch MMC.
Keppel Offshore & Marine Ltd (Keppel O&M) has secured contracts worth over $20.7 million through its overseas subsidiaries for the upgrade and repair of three semisubmersibles (semis). One of these contracts, secured in the Netherlands, is for the inspection and repair of a semi accommodation rig…
State-run Shipping Corporation of India (SCI) has accepted delivery of a crude container named “Desh Vishal” from Daewoo Shipbuilding Marine Engineering Co. The company had placed orders for two very large crude containers (VLCCs) in October 2005 with the South Korean company…
Harbor Branch Oceanographic Institute received a $2m grant from the U.S. Navy to develop a robotic laser system to identify mines and other threats in ports and coastal waters. The system to be developed at Harbor Branch would involve a group…
The Yachts of Seabourn launched Seabourn Odyssey from Venice as the first ultra-luxury vessel to debut in six years. The 32,000-ton vessel built by T. Mariotti of Genoa, Italy, accommodates 450 guests in 225 luxury suites, ninety percent with verandas…
The Passenger Vessel Association notified its members that the U.S. Navy’s Military Sealift Command (MSC) has issued a Market Survey to ask about the cost and availability of U.S. ferry vessels. Anticipated delivery will occur on October 1,…
Secretary of the Interior Ken Salazar appointed Liz Birnbaum, an attorney with two decades of federal government and private sector experience in energy and environmental policy, as Director of the Department’s Minerals Management Service. The appointment does not require Senate confirmation…
Congressman Elijah E. Cummings (D-Md.), Chairman of the House Subcommittee on Coast Guard and Maritime Transportation, joined his colleagues in a vote of 389-22 to approve the National Defense Authorization Act, H.R. 2647, which included a Cummings…
The Ship Power business of Wärtsilä Corporation has finished the formal process in Finland and in some other countries, aimed at realigning its organization and resources. The negotiations were initiated at Ship Power to adjust to the substantially weakened global marine market situation…
The Ferguson Group, a supplier and manufacturer of modules and containers for the energy industry around the world, has launched a new operation to offer accommodation barges in a significant development for the offshore market.Ferguson Modular…
The Port of Wilmington took a major security step to comply with the Transportation Worker Identification Credential (TWIC) program. Port security officials are using Datastrip’s DSV2+TURBO card readers to enroll and positively identify the port’s authorized workers…
According to a June 24 report from Honoluluadvertiser.com, Hawaii Superferry has asked to abandon its two high-speed catamarans to creditors because of the significant cost of maintaining the vessels as the company moves through bankruptcy. MARAD…
Dockwise announced that it expects to reduce its debt by a total of $58m to just below $963m by the end of Q2 2009. The reduction will be driven by:• Release of the remaining $40.6 million held in the Mighty Servant 3 escrow account • Successful buy back of $ 8…