The U.S. Maritime Administration issued a Report Comparing U.S. and Foreign-Flag Operating Costs. The U.S. maritime labor union(s) responded with pointed criticism. Marad issues its own statement in reponse. Text of Marad Chief Matsuda's Prepared Statement: “The U…
Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill…
Container service reliability improved for the second quarter in a row during the third quarter of 2011, according to Drewry Maritime Research’s latest Schedule Reliability Insight report. The report is the longest established independent survey…
D/S NORDEN A/S selected the Norwegian-based Jotron Consultas AS as their future provider of fleet management software. The two parties have signed an agreement which includes rollout of latest v.4 of the Consultas Fleet Management software suite for fleet and office…
Bureau of Safety and Environmental Enforcement (BSEE) Director Michael R. Bromwich delivered remarks today during the International Association of Drilling Contractors’ Drilling and Production Keynote Breakfast here. Director Bromwich discussed…
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three and nine month periods ended September 30…
Damen Shipyards will unveil its new Platform Supply Vessel (PSV) at EUROPORT 2011 and will launch a complete PSV range in the next few months. The PSV 3300 E3 is a dedicated supply vessel to transport supplies to oil and gas rigs and is specifically…
According to the International Energy Agency’s Monthly Oil Market Report, global demand for oil usage has been adjusted slightly downward, as persistent economic uncertainty and sustained high oil prices have simultaneously thwarted demand’s previous trek upward…
Grandweld Shipyards commemorated the delivery of the second of three 41M crew boats in a ceremony held at Grandweld facility in Dubai Maritime City. This marks Grandweld’s seventh delivery in 2011. Global Queen, an advanced version of the 41m crew boat…
OceanWorks welcomes Keith La Rose to its team in the position of Business Development Manager – Military in Vancouver office. Acting as Business Development Manager for the military industry, Keith’s primary function will be to expand OceanWorks’…
According to a report on www.myiris.com, Greatship Global Offshore Services (GGOS), a Singapore incorporated subsidiary of the company`s subsidiary - Greatship (India) (GIL), had signed contracts for two new building multipurpose support vessels (Builder`s Yard No…
According to a report on the Moscow Times (www.themoscowtimes.com) Prime Minister Vladimir Putin oversaw the signing of seven contracts totaling $9.2B between the Defense Ministry and the United Shipbuilding Corporation at the Sevmash shipyard this week…
A second state-of-the-art tube bending machine has been ordered by BAE Systems Submarine Solutions to support the construction of the UK's Astute class nuclear-powered submarines. The new tube bending machine is an all-electric model with precision software-controlled servomotor movement…
While China has spent more than a decade building the world's largest capacity, it is today faced with an economic downturn that proves to be the first true test of how it will navigate a serious downturn in new ship orders. Accroding to Reuters report…
Dutch-Belgian-Trading GmbH (DBT) has acquired Hamburg based SevenCs GmbH and ChartWorld GmbH from Admiralty Holdings Limited (AHL), a wholly-controlled subsidiary of the United Kingdom Hydrographic Office (UKHO).Mr. Jochen Rudolph, Managing Director of DBT…