Rowan Companies, Inc.  (NYSE:RDC) is again talking about spinning off its LeTourneau and land rig businesses.Rowan reported results for the three months ended December 31, 2010, that saw net income of $57.3 million or $0.45…
Many in the U.S. shipbuilding industry find the Coast Guard's logic in determining what constitutes a foreign rebuild to be weird, if not perverse. For instance, in one case, a new inner double hull was…
Cardiff Marine Inc, a Liberian-registered shipping company, was sentenced Wednesday in federal court in Baltimore after pleading guilty to a felony violation of the Act to Prevent Pollution from Ships. The company admitted falsifying records…
Northrop Grumman (NYSE:NOC) today announced what it called "an important step toward an anticipated spin-off" of its shipbuilding business through wholly-owned subsidiray Huntington Ingalls Industries, Inc. (HII), It said that HHI intends to offer up…
The Port of Los Angeles this month became the first port worldwide to provide Alternative Maritime Power (AMP) to three separate cruise lines. In recent weeks, ships from Disney Cruise Line, Princess Cruises and Norwegian…
Charles G. "Chuck" Raymond is stepping down as Chairman, President and Chief Executive Officer of U.S.-flag containership operator Horizon Lines, Inc. (NYSE:HRZ), while Executive Vice President and Chief Operating Officer John V. Keenan has "been…
Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass., has received an order to build a new all-aluminum mono-hull ferry for Fire Island Ferries, Inc., Bay Shore, N.Y.  The vessel’s delivery is scheduled for June 2011.The new 387-passenger…
Three vessels under construction at STX OSV's Niteroi, Brazil, shipyard are to have Rolls-Royce advanced anchor handling systems. The vessel's are on order for DOF ASA's Brazilian operation, Norskan,  for use in deep water oil…
"We are making every effort to help companies understand and comply with the regulations to ensure our nation's vital offshore energy resources are developed safely and responsibly," says Bureau of Ocean Energy Management, Regulation and…
They may not look like cruise ships from the outside, but CMA CGM, the world's third largest container shipping group, is offering cruises on board the largest vessels in its fleet, its 13,800 TEU containerships.…

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