STX Canada Marine announced that they have been awarded a contract to design the future flagship polar icebreaker of the Canadian Coast Guard. The $9.5 million contract was awarded by [...]
Houston, Texas – Kirby Corporation (NYSE:KEX) has announced record net earnings attributable to Kirby for the fourth quarter ended December 31, 2011 of $56.2 million, or $1.00 per share, compared [...]
The naval architects at Houston Offshore simulated the hydrodynamic response of a 1000 year hurricane on a moored paired-column semi submersible. Here’s what it looks like: More Info on Paired-Column [...]
LONDON (Dow Jones)–Shippers are on the alert as instability in Nigeria threatens to worsen an already serious problem with piracy in the Gulf of Guinea, a key trade route for [...]
Costa Crociere, operator of the Costa Concordia, has invited 10 of the world’s leading salvage companies to bid for the contract to remove the stricken vessel from the rocks of [...]
TOKYO-Mitsui O.S.K. Lines, Ltd. today announced that the MOL-operated containership MOL Summer rescued 116 survivors from the ferry Rabaul Queen, which sank about 17 km east of Papua New Guinea. [...]
On February 1st, the passenger ferry MV Rabaul Queen sank in heavy seas off Papua Guinea. The search for survivors continues. Papua New Guinea’s Maritime Rescue Coordination Center spokesperson Nerae [...]
SEOUL -(Dow Jones)- The world’s two biggest shipbuilders, Hyundai Heavy Industries Co. (009540.SE) and Samsung Heavy Industries Co. (010140.SE), reported worse-than-expected earnings for 2011 as sales of high-end ships fell [...]
Diamond Offshore Drilling Inc.’s (DO) fourth-quarter earnings fell 22% as the oil driller reported weaker revenue and lower utilization rates for its mid-water floaters. The fourth quarter marks a reversal [...]
On 24 January 2012, Dutch shipbuilder Damen Shipyards delivered three Cutter Suction Dredgers of its CSD 500 series to the Ministry of Emergency Situations (MES) in Azerbaijan. After delivery, President [...]
our years ago a 43 pound cylindrical object broke the surface of the ocean for the first time in over 250 years and, in doing so, confirmed the fact that [...]
Analysts expect the downturn in global orders for capesize bulk carriers to continue through to 2012, which may intensify the race for survival for shipyards in China. -By Alex Lee [...]
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