Breaking News

July 02, 2015
Gulf Island fab books Trinidad offshore project
JULY 2, 2015 — Houston based Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today reports that, through its subsidiary Gulf Island L.L.C., it has signed a contract with an oil and gas company with operations in Trinidad for the...
July 02, 2015
BP in $18.5 billion Deepwater Horizon settlement
JULY 2, 2015 — Five Gulf Coast states and the federal government have reached a tentative settlement with BP that will see the oil company $18.7 billion over 18 years, in compensation for damages from the 2010 Deepwater Horizon oil spill. The...
July 02, 2015
And soon, the self-driving ship?
JULY 2, 2015 — Google is developing a self-driving car. So are GM, Mercedes and other auto makers. Now Rolls-Royce is to lead a new EUR 6.6 million project that could do much the same sort of thing for ships. Funded by Tekes (Finnish Funding...
July 02, 2015
Frederiksen puts Frontline together again
JULY 2, 2015 — Billionaire John Fredriksen is putting his two tanker operations, Frontline Ltd. (NYSE/OSE/LSE: FRO) and Frontline 2012 Ltd. (NOTC: FRNT) back together again. The move comes four years after Frontline 2012 was carved out out of...
July 02, 2015
One former ST Marine exec sentenced, two more charged
JULY 2, 2015 — The corrupt practices probe involving former executives of Singapore Technologies Marine rolls on. Yesterday, the shipbuilder's former Group Financial Controller, Patrick Lee, was fined a total of S$210,000 (about US$155,000)...
July 01, 2015
MES puts first commercial ME-LGI engine through its paces
JULY 1, 2015 — MAN Diesel & Turbo licensee Mitsui Engineering & Shipbuilding Co., Ltd. (MES) recently tested the very first ME-LGI engine to ever be commercially produced at its Tamano, Japan, works, burning HFO and methanol to...
July 01, 2015
Dan-Bunkering appoints new MD in Houston
JULY 1, 2015 — Mikkel Søholm Vestergaard has joined Dan-Bunkering (America) Inc. as Managing Director at the company's office in Houston, TX. Mr. Vestergaard began his career with Dan-Bunkering back in 2003 in the head office in Middelfart ,...
July 01, 2015
Ice patrol ship HMS Protector is protected by Ecospeed
JULY 1, 2015 — At the end of May, the Royal Navy Ice Patrol Ship HMS Protector was coated with Ecospeed at the A&P Tyne Ltd. Shipyard in Tyne and Wear, England. The vessel is deployed on operations for 330 days a year, mostly in the...
July 01, 2015
Havyard books order for subsea vessel
JULY 1, 2015 — Norwegian shipbuilder Havyard has signed a contract with an undisclosed "international shipping company" for a subsea vessel that will be built to a new Havyard 858 L WE design developed by Havyard Design & Solutions in...
July 01, 2015
Deepwater Horizon defendant gets a new trial
JULY 1, 2015 — Former BP engineer Kurt Mix, who was convicted of obstruction of justice in the Deepwater Horizon case after he allegedly deleted multiple e-mails, has had his conviction dismissed and will get a new trial. The U.S. Court of...