Breaking News

July 03, 2015
BAE Mayport gets $26.8 million LHD 7 award
JULY 3, 2015 — BAE Systems Southeast Shipyards Mayport LLC, Jacksonville, FL, is being awarded a $26,828,516 firm-fixed-price contract for the phased maintenance availability of USS Iwo Jima (LHD 7). The contract includes options that, if...
July 03, 2015
CNOOC takes delivery of Asia's first LNG fueled tugboat
JULY 3, 2015 — China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia's first purely LNG fueled tugboat, Hai Yang Shi You 525. The first of two tugs built by the Zhenjiang shipyard for CNOOC, Hai Yang Shi You 525 features a...
July 03, 2015
Wiernicki is new IACS Chairman
JULY 3, 2015 — Christopher J. Wiernicki, Chairman, President and CEO of ABS, is now also Chairman of IACS, the International Association of Classification Societies. He took over the role yesterday at the end of the 71st session of the IACS...
July 03, 2015
Overturned barge spills caustic soda into Mississippi
JULY 3, 2015 — U.S. Coast Guard Sector New Orleans says it received a report of a collision between the two towing vessels, American Heritage and David G. Schert, near Vacherie, LA, early yesterday afternoon. The collision resulted in several...
July 02, 2015
Good news, bad news for Fincantieri
JULY 2, 2015 — It's been a bad news, good news week for Italian shipbuilding giant Fincantieri. On the down side, operations at its Monfalcone shipyard, remained closed for the third day under a court imposed seizure of key areas of the...
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 $18.5 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)...