American Science and Engineering, Inc. (NASDAQ: ASEI), received its first order for a Z Backscatter Van (ZBV) from the Kingdom of Saudi Arabia. The ZBV system will be used to screen vehicles at high threat security locations for explosive threats and contraband…
The Department of the Interior’s Bureau of Ocean Energy Management announced that its Western Gulf of Mexico Oil and Gas Lease Sale 218, held today in New Orleans, attracted $337,688,341 in high bids and included 20 companies submitting 241…
Kongsberg to head up major Norwegian Consortium with DNV and IBM to develop integrated Environmental Monitoring System. In order to reduce the environmental risks from oil and gas operations, a consortium consisting of KONGSBERG, IBM…
Investment Averages $1.4 Million Per Vessel Maintaining and Modernizing U.S.-Flag Lakers Will Keep Great Lakes Shipyards Busy This Winter. More than 1,200 boilermakers, welders, electricians and other skilled craftsmen will be hard at work this winter maintaining and modernizing U…
Hyundai Merchant Marine Secures US$500 million debt facility from banks led by DNB. South Korean shipping group Hyundai Merchant Marine (HMM) has secured a USD500 million debt facility from a syndicate of financial institutions led by DNB Bank…
LNG Solutions for Large Container Vessels the Focus of GL and IHIMU Joint Development Project. LNG as ship fuel is already a proven alternative for short sea shipping, but what about the primary engine of global trade - the boxship? To investigate…
Half of all index-linked contracts filed with the US Federal Maritime Commission reference Drewry’s Container Freight Rate Insight pricing benchmarks. Drewry Maritime Research’s container freight rate benchmarks are the index of choice in index-linked container contracts…
Saxo Bank and ICAP Shipping Involved in World's First Electronic Container Freight Swap Settled in USD. Saxo Bank, the trading and investment specialist, and ICAP Shipping, the shipping arm of ICAP plc, announced on Thursday that they were…
Reservoir Group has strengthened its portfolio of completion and production services with the announcement that two well intervention specialists have joined the ‘club’. The Tool Company, located in Assen, The Netherlands and the Aberdeen-based firm…
Huntington Ingalls Industries (NYSE:HII) announced that the company's Ingalls Shipbuilding division has been awarded an advance procurement contract for work on the U.S. Navy's third Zumwalt-class destroyer, DDG 1002. The contract is valued at $46 million…
Drydocks World signed a Contract with Singapore based AET, a global leader in petroleum shipping, for two Tanker-to-Modular Capture Vessel (MCV) conversion projects. AET is converting these vessels as part of the Marine Well Containment Company’s (MWCC) well containment system…
Dolphin Geophysical accepted a Letter of Award from TGS-NOPEC Geophysical Company ASA for a six-months charter of the new high-capacity 3D seismic vessel, M/V Polar Duchess. The contract is expected to begin during first half of April and continue through a full 2012 summer season in Europe…
Keystone Prepositioning Services, Inc., Bala Cynwyd, Pa., is being awarded an $8,991,957 firm-fixed-price contract for the operation and maintenance of three of Military Sealift Command's government-owned Maritime Prepositioning Force ships:USNS Sgt…
Do they save you time, money, and aggravation?• CautionOver the last decade, the legal community has embraced alternative dispute resolution modalities, such as mediation and arbitration, as tools to resolve disputes between litigants…
One of the biggest and most modern ship repair yards in the Middle East, Oman Drydock Company (ODC), has recently received its first LNG carrier, the Muscat LNG, owned by Oman Shipping Corporation SAOC. As part of its middle term service, Muscat…
