Huntington Ingalls Industries (HII) informs that its Ingalls Shipbuilding division has received a $497 million fixed-price, incentive-fee contract from the U.S. Coast Guard to build a seventh Legend-class National Security Cutter (WMSL 756)…
Morgan City, Louisiana, shipbuilder and ship repairer Conrad Industries, has announced its fourth quarter and twelve months 2013 financial result, adding that it has acquired new business during the first quarter of 2014 totalling $67.3 million…
Amongst the latest listing of US Department of Defense, Navy, contracts, General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $24,374,445 modification to previously awarded fixed-price incentive contract (N00024-11-C-2306) to exercise an option for DDG 1000 class services…
Maritime Craft Services (MCS) recently took delivery of a new Damen Shoalbuster 2609. Damen has delivered numerous Crew Transfer Vessels, Multicats, and Shoalbusters to MCS – the two companies have a long-standing relationship. What is notable about this latest delivery…
The following statement has been released by Robin Silvester, President & CEO, Port Metro Vancouver:'The governments of Canada and British Columbia and Port Metro Vancouver have reached agreement with members of Unifor and the United Truckers…
Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items of note were released.DredgingThe Port Commission approved a $68 million construction contract with Orion Construction L.P…
The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage.Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier…
ABB Industries to open new workshop in ASRY, providing certified turbocharger expertise, global warranties, and onsite access to worldwide networkShip and rig repair specialist ASRY reports that it has signed a co-operation agreement with ABB Industries (LLC)…
The Navy has announced two separate contract awards for Fiscal Year (FY) 2014 DDG 51 destroyers to Huntington Ingalls Industries (HII) and to General Dynamics Bath Iron Works (BIW). Details as follows:Huntington Ingalls Industries Is being provided funding of $601…
Lloyd’s Register (LR) says it is honored to be the classification society of choice for Mercy Ships latest endeavour, a new 36,600 GRT hospital ship scheduled for completion in 2017, and to be named 'Atlantic Mercy'.LR explain that the hospital…
Sea Star Line LLC and Horizon Lines LLC have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico, the Department of Justice announced today…
United Arab Shipping Company (UASC) says it has taken up the option with Korea's Hyundai Heavy Industries (HHI) for one additional 18,000 TEU vessels, bringing the total order to 17 ships including eleven 14,000 TEU vessels and six 18,000 TEU vessels…
AL BAHAR C/D HUTA 12 named, launched at IHC MerwedeIHC Merwede named and launched the 23,545 kW self-propelled cutter suction dredger ‘AL BAHAR’ C/D HUTA 12 in a ceremony on March 8, 2014 at the company’s shipyard in Kinderdijk, The Netherlands…
Goldman Sachs' head of oil and agricultural trading, Karl Robijns, is retiring from the firm, an internal memo seen by Reuters showed.London-based Robijns, who first joined Goldman as an oil trader in 1998, has headed the bank's global oil…
ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights. A mutual hold-harmless indemnity clause should provide that each party…
