COSCO Singapore subsidiary COSCO Zhoushan contracted with further opetion to build four Rolls Royce design Platform Supply Vessels (PSV's).The value of the contract with a Hong Kong shipowner, is about US$119.2 million in total, and deliveries are expected to begin in the first half of 2014…
The sheer magnitude of insurance claims year on year within the shipping industry is striking. The complexities that now come with these claims is placing increasing pressure on surveyors to employ ever more sophisticated techniques in their…
The Coast Guard is continuing to oversee the response to a motor tanker that suffered a hull breach to their ballast tank on the Hudson River near Stuyvesant, N.Y. Thursday.Coast Guard Sector New York was notified Thursday that the 600-foot motor tanker…
Stork Technical Services, a global provider of knowledge-based asset integrity services for the oil and gas, chemical and power sectors, has welcomed the first intake of eight graduates for the company’s recently launched UK Graduate Training Program…
The U.S. Coast Guard Cutter Eagle departs Naval Submarine Base New London & returns to her home mooring at Fort Trumbull in New London.At 295 feet in length, the Eagle, known as “America’s Tall Ship,” is the largest tall ship flying the stars and stripes and the only active square-rigger in U…
The International Chamber of Shipping (ICS), representing + 80% of the world merchant fleet, issues a new position paper on Arctic shipping.As the Arctic becomes more accessible, ICS has set out some key principles with regard to the future governance of Arctic waters…
Aker Solutions to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market.On 25 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Jurong Shipyard…
Carnival Corporation & plc reports fourth quarter and full year earnings 2012.Carnival Corporation & plc Chairman and CEO Micky Arison noted that fourth quarter earnings on a non-GAAP basis were better than anticipated in the company's September guidance…
MAN Diesel & Turbo receives another order for the MAN B&W ME-GI dual-fuel, two-stroke, gas-injection engine.Teekay LNG Partners L.P. (Teekay LNG), an offshoot of Teekay Corporation, the international shipping group, has placed an order for two LNG carriers powered by 2 × 2 5G70ME-GI engines…
An Atwood Oceanics, Inc. subsidiary awarded year's contract extension by Salamander Energy for the jackup 'Atwood Mako'.The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako commenced its initial…
Ulstein contracts with Island Offshore & their American partner Edison Chouest Offshore for delivery of a multifunctional OSV.The offshore vessel is based on ULSTEIN’s SX121 design, prepared and tailored for the well intervention, IMR and SURF segments…
Fincantieri signs agreement for the acquisition from STX Europe of 50.75% of STX OSV, leading offshore vessel constructors.With 21 shipyards in 3 different continents, nearly 20,000 employees and revenues of Euro 4 billion, the Fincantieri Group is doubling its size…
Eco Marine Power (EMP) to use the KEI 3240 Data Logger to verify fuel savings & measure the performance of its Aquarius MRE System.The Aquarius MRE System is a wind & solar power solution for sustainable shipping, and the data logger is to be supplied by KEI System Ltd (KEI) of Osaka…
Wärtsilä & Yuchai Marine Power Co to establish a 50/50 joint venture for manufacturing medium-speed marine engines in Zhuhai City.The joint venture will serve the increasingly dominant Chinese shipbuilding industry, with the focus being on the assembly and testing of Wärtsilä 20…
LNG-fuelled bulk carrier design developed by COSCO Shipyard Group, Golden Union & Lloyd’s Register moves industry along.Lloyd’s Register has provided approval in principle (AIP) for the new ‘Clean Sky’ bulk carrier design incorporating an LNG-as-fuel system…
