Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that two of its drilling contracts have been terminated. The Nasdaq-listed drilling affiliate of DryShips said that Total E&P Congo has terminated…
The strain of low oil prices on the offshore and marine sector was in full display as the world’s second-largest builder of oil rigs Sembcorp Marine Ltd posted its first quarterly loss in at least 12 years. The company took impairment…
London-based architect Jonathan Schwinge designed the pyramid-shaped yacht called the Tetrahedron Super Yacht. Billed as aviation on the sea, the radical concept from a London-based architect flips traditional yacht design on its head with a complete rethink…
Nakilat-Keppel Offshore & Marine (N-KOM) reports that it has delivered its first liftboat unit, Al Safliya, to Qatari rig operator Gulf Drilling International (GDI). Al Safliya is the first liftboat to be wholly constructed in Qatar at the…
The Ministry of Shipping, India will showcase all its investable opportunities to domestic and global investors in the first-ever Maritime India Summit (MIS) to be held in Mumbai from April 14-16, 2016. The 200 projects comprise 20 projects…
COSCO Corporation (Singapore) Limited has posted net losses of S$570 million for FY2015, compared with the earnings of S$20.9 million in FY2014. The company is hurt by writedown of inventory and possible non-payment by some of its customers…
2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO. The six new VLCCs were delivered in a strong winter market…
MAN Diesel & Turbo received an order for an MAN 6L21/31 engine to power a newbuilding cadet training sailing ship for the Defence Ministry of the Republic of Indonesia. The engine will be used to power the 110m ‘Kri Bima Suci’ and up to 200 persons on board when not propelled by sail power…
The US Navy has awarded General Dynamics Electric Boat a $23.6 million contract to continue development work on the Ohio-class replacement nuclear submarine, General Dynamics said in a press release. 'Under the terms of the modification…
Israel’s Elbit Systems unveiled a prototype of what it claims is the world’s first unmanned system for anti-submarine warfare (ASW) missions. Developed in less than three years with technical and performance input from the Israeli Navy and Israel’s Ministry of Defense…
Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss. Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore energy service and supply company, officially announced today the company…
Kolkata, 3rd Feb, 2016: Industry leaders, corporate heads, policy makers and senior executives took part in the very first road show which served as a run up to the Maritime India Summit’16.Maritime India Summit is being organized by the…
2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted slump in the global shipbuilding segment. 'January is usually an off-season for shipbuilders…
COSCO (Guangdong) Shipyard Co., Ltd, has secured a contract from a European buyer to build one 15, 000m 3 Trailing Suction Hopper Dredger. The Singapore-listed shipbuilder COSCO Guangdong and the buyer have agreed to keep the contract price confidential…
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division kicked off its 130th anniversary celebration January 28. Newport News, the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U…
