ABS Nautical Systems announced that its fully integrated asset management software suite NS5 has been selected for trial by Formosa Plastics Marine Corp. (FPMC), part of the Formosa Plastics Group - the only privately owned Taiwan oil refinery…
Kirby Corporation Announces Purchase of Three Coastwise Tank Barge and Tug Units; Purchased Seaboats, Inc. coastwise tank barge fleet consisting of three 80,000 barrel tank barge and tug units for $42.3 million in cash. Kirby Corporation has…
Port Projects Awarded $62 Million in TIGER III Infrastructure Grants; Critical importance of connective infrastructure to America’s seaports recognized.U.S. Transportation Secretary Ray LaHood today announced that 46 transportation projects…
Ocean Rig UDW (NASDAQ: ORIG) announced that the remainder of the existing drilling contract with Vanco for the 6th generation drillship Ocean Rig Olympia has been novated to a Europe based operator for drilling offshore West Africa. The remaining duration provides for 120 days of work…
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…
