Tuesday, August 21, 2012
Press Releases

FURUNO-Specific ECDIS Training Available in China

FURUNO SHANGHAI CO., LTD. starts providing FURUNO type specific ECDIS training from mid July 2012 for the very important Chinese market. FURUNO Shanghai is the

August 21, 2012
Total Views: 26

OSG independence overseas shipholding group
Finance

With 13 Straight Quarters of Losses, Overseas Shipholding Needs a Loan in a Hurry

Overseas Shipholding Group Inc. is running out of cash and must renegotiate a loan agreement as an industrywide slowdown and rejection of a federal debt

August 21, 2012
Total Views: 41

floatel superior bayu undan offshore
News

Floatel Goes for Number Four in Latest $315 Million Newbuild Deal with Keppel Corp

SINGAPORE–Keppel Corp. Ltd. (BN4.SG) Tuesday said unit Keppel FELS Ltd. has signed a US$315 million contract to build a semi-submersible accommodation

August 21, 2012
Total Views: 95

Nordon’s Fleet of Handymax Bulkers are Outperforming Ships Twice their Size [REPORT]
News

Nordon’s Fleet of Handymax Bulkers are Outperforming Ships Twice their Size [REPORT]

(Bloomberg) — D/S Norden A/S, Europe’s biggest commodity shipping company, is poised for a second consecutive quarterly profit after concluding

August 21, 2012
Total Views: 100

Monday, August 20, 2012
Aker pennsylvania product tanker jones act
Engineering News

Big Win for Aker Philadelphia, Crowley Signs $250 Million Contract for Pair of Jones Act Tankers

Aker Philadelpha Shipyard (Oslo: AKPS) breathed a huge sign of relief today as it signed a contract with Jacksonville-based Crowley Maritime Corporation for

August 20, 2012
Total Views: 73

Frontline 2012 Sees Hope in LPG

Frontline 2012 Sees Hope in LPG

John Fredriksen’s Frontline 2012 announced Monday that the company has placed an order for two VLGC’s marking the recently spun off tanker

August 20, 2012
Total Views: 11

Royal Navy Offers A Glimpse of Its Future, Unveils Type 26 Warship
Navy

Royal Navy Offers A Glimpse of Its Future, Unveils Type 26 Warship

The UK’s Ministry of Defence on Monday offered its first look at the basic specification of the UK’s next generation warship, the Type 26 Global

August 20, 2012
Total Views: 99

Incident Photos of The Week – Walking on Water in Greenland
Blog

Incident Photos of The Week – Walking on Water in Greenland

The M/V Vega Sagittarius sits high above the water after running aground last week near Nuuk, Greenland. The 11,811 dwt vessel, which is chartered by Royal

August 20, 2012
Total Views: 159

WATCH: Five Simultaneous Waterspouts Caught on Camera
Blog

WATCH: Five Simultaneous Waterspouts Caught on Camera

This incredible video comes to us via Lake Michigan where an outbreak of waterspouts touched down over the weekend. The video was captured by Captain Eric

August 20, 2012
Total Views: 41

Grounded Freighter Gets Cut Up in Puerto Rico
USCG

Grounded Freighter Gets Cut Up in Puerto Rico

Response crews continue cutting and removing sections of the 202-foot grounded freighter Jireh Monday to prepare the vessel for final removal and disposal from

August 20, 2012
Total Views: 40

Seafox 5 Wind Turbine Installation Vessel Set For Early Delivery
Engineering News

Seafox 5 Wind Turbine Installation Vessel Set For Early Delivery

Keppel FELS is set to deliver the world’s largest multi-purpose offshore wind turbine installer ahead of schedule to Seafox Group, the Singaporean

August 20, 2012
Total Views: 87

agor 27 woods hole oceanographic research vessel
Defense

New US Navy Oceanographic Vessel Will Provide Valuable New Research Tool [VIDEO]

ARLINGTON, Va.-Construction for two new research ships funded by the Office of Naval Research (ONR) officially got underway with a keel-laying and dedication

August 20, 2012
Total Views: 296

one caribbean one response
News

Caribbean Nations Come Together for Conference on Offshore Deepwater Spill Response

HOUSTON – Caribbean nations will come together for the first time to specifically address emergency response protocols for offshore deepwater drilling

August 20, 2012
Total Views: 25

australian dollar bills
Finance

Chevron’s Australian Currency Hedge May be Looking Like Sheer Brilliance

Chevron Corp. (CVX) may end up getting a better deal Down Under than it bargained for. Chevron owns a 47% stake in Australia’s 43 billion Australian

August 20, 2012
Total Views: 93

rongsheng heavy industries china shipbuilding
Engineering News

Rongsheng Heavy Withdraws Plan to Acquire Engine Manufacturer

HONG KONG–China Rongsheng Heavy Industries Group Holdings Ltd. said it has decided to withdraw its CNY2.15 billion (US$336 million) bid to buy a Chinese

August 20, 2012
Total Views: 61

DSME daewoo shipbuilding south korea shipyard
News

Offshore Sector Continues to Sustain Shipyards as DSME Wins $1.96 Billion Platform Order

(Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co. won a 2.22 trillion won ($1.96 billion) order to build five fixed platforms as rising

August 20, 2012
Total Views: 75

Saturday, August 18, 2012
Drilling Moratorium Leads ATP to Chapter 11
Offshore

Drilling Moratorium Leads ATP to Chapter 11

ATP Oil & Gas Corp. (ATPG) filed for Chapter 11 bankruptcy protection Friday, hit by the rising costs associated with its deep-water drilling projects in

August 18, 2012
Total Views: 46

Friday, August 17, 2012
Golden Pass LNG Terminal
News

ExxonMobil and Qatar Submit $10 Billion Request to Export LNG From the US Gulf Coast

HOUSTON–Golden Pass Products LLC, a joint venture between Exxon Mobil Corp. (XOM) and Qatar Petroleum, is asking federal authorities for permission to

August 17, 2012
Total Views: 126

Rear Admiral James A. Helis, USMMA Superintendant
News

You’re Fired – King’s Point Superintendant Wades Into Brown Water

In the heat and sunshine of a clear summer day, hundreds of cadets stood at attention to welcome the new superintendent, Rear Admiral James A. Helis, to the

August 17, 2012
Total Views: 323

Press Releases

Appeals Court Defines Course and Scope of Jones Act Employment

Jones Act Employers Will Not Be Held Responsible for Acts of Its Employees Which Are Not in Furtherance of the Employer’s Business Interests An important

August 17, 2012
Total Views: 54