American Society of Civil Engineers' (ASCE) quantifies infrastructure needs in airports, marine ports & inland waterway sectors.Extracts from the report follow:Aging infrastructure for marine ports, inland waterways, and airports threatens more than 1 million U…
IMO Secretary-General launches initiative with International Association of Marine Aids to Navigation & Lighthouse Authorities (IALA).IMO Secretary-General Koji Sekimizu, during his closing address to the IALA VTS (Vessel Traffic Services) Symposium in Istanbul…
GE Oil & Gas signs record contract of nearly US$1.1-billion with Brazilian energy company Petrobras.The contract, announced at the 2012 Rio Oil & Gas being held September 17-20 in Rio de Janeiro, includes the delivery of approximately 380…
Joe Johnson has been promoted to Assistant Vice President, Coal, in the Ingram Barge Company of Nashville, Tennessee.Joe Johnson already is serving in this newly created position, and the Ingram sales team now reports to him, with respect to their coal accounts…
HII's Newport News Shipbuilding (NNS) division donates more than 20,000 school supplies to assist about 1,000 area students.'HII stresses the importance of education and encourages our employees to get involved in their communities,' said Chavis Harris…
COSCO Corporation (Singapore) announce subsidiary COSCO (Zhoushan) Shipyard has delivered a bulk carrier.Asian Triumph, a 57,000 dwt dry bulk carrier of 189.99 meters LOA, 32.26 meters in breadth and 18 meters in depth, constructed in the…
Transocean Ltd. issues fleet update summary, new & changed contracts, OofS times, etc.Total backlog associated with new contracts or extensions since the August 15, 2012 fleet update summary is approximately $1.7 billion. Estimated out of service time for 2012 increased by a net 36 days…
Cummins Inc. (NYSE: CMI), a manufacturer of diesel engines for the commercial marine industry, has reorganized it Commercial Marine Business around five customer-focused market segments: commercial transport; offshore oil and gas; passenger transport…
Portuguese ports hit by strike action as workers protest against austerity cuts Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is warning of a series of strikes at all Portuguese ports during the remainder…
Greene's Energy Group Names Boutwell Manager, Technology and Business Development -Rental & Products. Greene’s Energy Group (GEG), a provider of integrated testing, rentals and specialty services, has named Doyle Boutwell as Manager, Technology and Business Development – Rental & Products…
Overall confidence levels in the shipping industry fell in the three months ended August 2012 to their lowest level for a year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens…
Twenty Grand Marine Service, L.L.C. of New Orleans, Louisiana sells U.S. flag supply vessel “Toby Tide” to Ocean Marine Services, Inc. of Kirkland, Washington. The vessel is being renamed “Sovereign” and upon the vessel's arrival from Port Hueneme to Seattle…
Iron-Ore carrier daily rates rebound as China spends US$158-billion.Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program…
Technip wins INPEX CORPORATION commissioning contract worth approximately €210 million, for the Ichthys LNG Project in the Browse Basin, Western Australia.An integrated team will work on all activities related to the preparation and execution of the offshore commissioning for the floating…
OceanWorks International contracted by the Fundy Ocean Research Center for Energy (FORCE) to establish project cable termination in the Bay of Fundy, Canada.The project contract includes the design, manufacture and integration of the subsea instrumentation…
