DryShips Inc. (NASDAQ: DRYS) says it has entered into an agreement with "a major South Korean shipyard" for the option to construct up to four ultra deepwater drillships. The new vessels would be sisterships of…
United States Senator Mary L. Landrieu, D.-La., today expressed disappointment following Interior Secretary Ken Salazar's visit to Houma, Louisiana, where he was supposedly to have outlined a series of steps to lift the de facto…
With Spain facing the same sort of debt problems facing several other Eurozone economies, its Treasury has come under domestic criticism for pretty much going to any length to raise money. According to one well-placed…
Secretary of the Interior Ken Salazar was in Louisiana today for a meeting with shallow water drillers. He was accompanied by Assistant Secretary Tom Strickland, and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)…
OSX Brasil S.A., the offshore services unit of Brazilian billionaire Eike Batista's EMX empire, continues to forge ahead with its operations. Among recent developments have been a $54 million agreement to buy two sister VLCC's…
The SS United States could house a floating casino. The SS United States Conservancy is working to find a way to raise the cash to exercise the purchase option that it holds to buy the…
Singapore's Ezra Holdings Limited says it will add four high-end multi-purpose platform supply vessels (PSV's) to its fleet in the light of the positive outlook for the offshore oil and gas sector. It says the…
Bellingham, Wash., boatbuilder Aluminum Chambered Boats has ceased operations. Its 35 employees were sent home Monday. Interim president Tom Latham told local media that the recession, mounting debt and the company's inability to make a…
Vessel operating costs are expected to rise by 3.2 percent this year and by 3.5 percent in 2011, Crew costs are the category most likely to produce the highest levels of increase. Those are some…
New York's plans for offshore renewable energy are moving along. Yesterday, BOEMRE held its first offshore renewable energy task force meeting in partnership with New York's Office of the Governor. The task force was established…

Join Marine Log's Email List



News from NASDAQ