Breaking News

fincantieri-has-a-mixed-week
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...
gulf-island-fab-books-trinidad-offshore-project
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...
bp-in-5-billion-deepwater-horizon-settlement-with-gulf-states
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...
and-soon-the-self-driving-ship?
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...
frederiksen-puts-frontline-together-again
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...
one-former-st-marine-exec-sentenced-two-more-charged
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)...
mes-puts-first-commercial-me-lgi-engine-through-its-paces
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...
dan-bunkering-appoints-new-md-in-houston
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 ,...
ice-patrol-ship-hms-protector-is-protected-by-ecospeed
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...
havyard-books-order-for-subsea-vessel
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...