Rolls-Royce signed a £10 million contract with Simon Møkster Shipping for a wave piercing offshore vessel with a new bow design that will go into service for Statoil in the Arctic region. The vessel is designed to pierce through the waves under harsh weather conditions…
Offshore drilling activity on the UK Continental Shelf (UKCS) rose 64% during the second quarter of 2012 compared to the same period last year, according to the latest industry figures released by Deloitte.The report, which documents drilling…
While it seems that half the world is monitoring the oil and gas exploration activities of Royal Dutch Shell (Shell Oil) on the United States outer continental shelf (OCS) in waters of the Chukchi and Beaufort Seas off the north coast of Alaska…
A replica of Admiral Zheng He's 15th Century ship is under construction in Nanjing, & will set sail to retrace worldwide voyages in 2014The replica will undertake its first of eight expeditions after going on a trial journey in August 2014…
Talk about ups and downs. In 2009, the container shipping industry lost US$16 billion. In 2010, it made a profit of $20 billion, and last year was back in the red ink business with an $8 billion loss. This year? Break even is about the best…
Mitsubishi Heavy Industries, Ltd. (MHI) signed an agreement with Imabari Shipbuilding Co., Ltd. in Imabari, Ehime Prefecture, Japan, under which MHI licenses production and marketing of deck machinery. Through licensing, MHI aims to expand market…
While much attention justifiably has been paid to the expansion of offshore energy operations in the Arctic, according to a Reuters report one of the pioneers, Shell, has hit a few snags in its long-anticipated exploration drilling in the Chukchi and Beaufort Seas…
Mr Maarten Jongen has officially been appointed Managing Director of Damen Shipyards Singapore (DSSi) from March 2012. In his new role Mr Jongen will focus on marketing, services and further improving efficiency at the yard that has been building (aluminium) Damen vessels since 2000…
As shipyards around the world struggle for business, Stena Bulk and Concordia Maritime confirmed an order of up to 10 in-house designed chemical tankers. The ships will be built at Guangzhou Shipyard International (GSI) in China with deliveries beginning from spring 2014…
Unmanned ships to be developed by a United Shipbuilding Corp. & Tranzas Company joint ventureSpeaking at the international engineering technology forum taking place in Zhukovsky, Moscow region, Yevgeny Komrakov, director of the joint enterprise…
Orders won by major South Korean shipbuilders halved in the first six months of 2012 from a year ago According to a 'Yonhap News Agency' report, the country's three biggest shipbuilders -- Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co…
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) announced the completion of the hybrid car carrier Emerald Ace, designed to generate zero emissions while berthed, at the Mitsubishi Heavy Industries, Ltd. (MHI; President: Hideaki Omiya)…
Joe Rella, president and chief operating officer of Austal USA since 2007, has reportedly resigned from the company. Austal's board of directors has accepted his resignation. Brian Leathers, who had been serving as chief financial officer…
Fleet, Force put Warfighting First: U.S. Navy still the World's “preeminent maritime force,” At the 200th anniversary of the War of 1812, and with a new Chief of Operations at the helm, the U.S. Navy continues to provide credible combat power with persistent presence around the world…
Tidewater Chief Taylor Retires After Era of Fleet Growth; Jeff Platt Steps into the Top SpotDean Taylor bid farewell to his post as Tidewater Inc.'s chief executive officer on May 31, following a prosperous, far-flung career of 34 years at the New Orleans-based company…
