Frontline Tankers’ Q1 Earnings Drop 54%, Beats Estimates
Frontline Ltd.’s (FRO) first-quarter earnings fell 53% on a double-digit drop in revenue as the company said demand in the tanker market continues to lag
Frontline Ltd.’s (FRO) first-quarter earnings fell 53% on a double-digit drop in revenue as the company said demand in the tanker market continues to lag
-By Christopher Browne, The message was brief and cryptic: “Struck an iceberg and sank in latitude 41.16 N, longitude 50.14 W”. It might have been just
Damen Shipyards Group announced today that they have taken over the shares of Swedish ship repair and maintenance yard Oskarshamnsvarvet in Oskarshamn. The
Fred Olsen Energy ASA announced today that one of their wholly owned subsidiaries has entered into a turnkey, $700 million contract with Hyundai Heavy
Huntington Ingalls’ Newport News Shipbuilding (NNS) division this week reached a major milestone in the construction of the U.S. Navy’s new
The MSC containership idled since suffering an onboard explosion eleven days ago off the coast of Puerto Rico has been cleared to move on, the U.S. Coast Guard
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Here is an aerial shot of New York harbor during the “Parade of Sail”, an event that officially marks the start of Fleet Week in New York. This
USS Miami, an American Los Angeles-class “improved” fast attack submarine was undergoing a routine maintenance shipyard availability at Portsmouth
(Dow Jones) Ship Finance International Ltd.’s (SFL) first-quarter profit rose 21% on a stronger performance in the tanker market. The company, which
Via K&L Gates Lake Michigan Carferry, Inc., the operator of the SS Badger today filed the first ever individual permit application to authorize
STX Offshore and Shipbuilding announced this week a signed $120 million Letter of Intent (LOI) with an unnamed Greek owner to build two 6,500-CBM LPG vessels
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Asia Maritime Pacific Ltd and OSL Holdings Ltd announced that as of 17 May 2012 the two companies have merged their Hong Kong-based operations. The new merged
RIO DE JANEIRO -(Dow Jones)- Brazilian oil startup HRT Participacoes em Petroleo SA (HRTP3.BR) said Wednesday that it had hired a semisubmersible drill rig
Damen Shipyards has launched the first of its newly designed Stan Pontoon (SPo) 12032 which is the longest pontoon they’ve ever built, and part of a
By Keith Johnson and Julian E. Barnes WASHINGTON (Dow Jones)–The Senate will hold on Wednesday its first hearing since 2007 on ratification of the
LONDON (Dow Jones)–More North Sea crude is set to head to Asia in June, shipbrokers told Dow Jones Newswires Wednesday, continuing a trend that has
When former shipmate, Captain Adam Iverson from the Atwood Condor sent these images to me the other day, I felt an immediate sense of envy followed by a desire
Not only is Barrow Island, Australia a Class A Nature Reserve, but soon it will be an important LNG export hub from the Gorgon Field, one of the largest
Here is some video taken from onboard the Matanuska ferry at the moment it crashed into the Ocean Beauty Seafood dock and processing plant in Petersburg,
After wrapping up her deepest work ever at ENI’s Devil’s Tower Southwest project in the Gulf of Mexico, and another subsequent pipelay project in
HOUSTON–Transocean Ltd. (RIG, RIGN.VX) said an executive misspoke Tuesday morning when he said that the company expected the U.S. to file more charges
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COSCO Corporation (Singapore) Limited announced today that their subsidiaries, COSCO Shipyard Group Co., have delivered three bulk carriers to Asian buyers
By Neville Smith Asian shipyards are moving into added value offshore fabrication and construction and ABS is aiding the transition through the work of its
Here is a three-dimensional rendering of Gerald R. Ford (CVN 78) supercarrier’s build sequence, from keel-laying to launch.
Today here in the U.S. is National Maritime Day! National Maritime Day was officially declared by Congress in 1933 to honor the contributions of the American
Viking Supply Ships, one of TransAtlantic’s two business areas, announced today the receipt of a contract award for their AHTS-vessel, Magne Viking, to
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