Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA.Kristian Røkke, who is…
Facing a wave of lawsuits filed by workers recruited from India to work on the U.S. Gulf Coast, marine services company Signal International has filed for Chapter 11 bankruptcy protection to help save its business and resolve litigation, the Wall Street Journal reported…
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has been recognized by the American Heart Association for going above and beyond when it comes to employees' health. Ingalls maintained the association's Fit-Friendly Worksite…
AVO Training announces nine-module online training course series “Arc Flash Electrical Safety” with NFPA 2015; now available for purchase AVO Training Institute released its new complete nine-module online course series entitled “Arc Flash Electrical Safety”…
The French company DCNS has released details of the new submarine it wants to build for Australia as a replacement for the navy's Collins subs. DCNS is offering Australia a new submarine design it calls the Shortfin Barracuda as its contender in the $50 billion new submarines project…
Heesen Yachts announced that following intensive sea trials in the North Sea, on July 10, 2015, YN 17255 M/Y Azamanta, the world's first Fast Displacement steel-hulled yacht over 50 meters, was delivered to her owners in international waters…
Scorpio Tankers has purchased an MR product tanker, currently under construction at Hyundai Mipo Dockyard, for around $37mln and a LR2 product tanker, currently under construction at Daehan Shipbuilding, for around $58.5mln. MR product…
Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m). SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group…
Aluminum boat manufacturer SAFE Boats International (SBI) announced the promotion of John Hotz to Director of International Business Development for Caribbean, Latin America and Mexico, a region which currently operates more than 130 SBI vessels…
ClassNK has released PrimeShip-HULL (HCSR) Ver. 2.5.0 in response to the new IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC & OT). CSR BC & OT, which harmonizes requirements found in both existing Common Structural Rules for bulk carriers and double hull oil tankers…
The Indian Navy will soon invite tenders for building six conventional submarines after a high-level committee of the Defence Ministry submitted its report identifying shipyards capable of executing the about $10.1 billion project. Besides the state-run shipyards…
Royal Bank of Scotland Group PLC is winding down its Greek operation and is looking to sell its USD5 billion shipping loans portfolio, Reuters reported on Saturday. Citing finance sources familiar with the plans, Reuters said the move was…
India's top government committee has selected five Indian shipyards to compete for an Rs 64,000-crore ($10.1 Bln) project to build high-tech submarines for the navy. The Indian Navy will soon invite tenders for building six conventional…
Conrad Industries, Inc. announced the appointment of Rene J. Leonard as Vice President of Business Development and Engineering. 'Rene has been in the shipyard business over 25 years in various capacities including naval architect, project engineer…
Ellicott Dredges celebrates 1,000 day safety record and 130 years of business The employees of Ellicott Dredges LLC in Baltimore had two reasons for celebration this week, the company announced. First, Ellicott's Baltimore plant recorded a safety milestone of 1…