Chinese shipbuilder Rongsheng Heavy Industries has raised $1.8 billion in an IPO. Financial wire services report that China Rongsheng Heavy Industries Group Holdings Ltd. priced its much awaited Hong Kong initial public offering at HK$8.00…
Carnival Splendor limped into San Diego yesterday and Carnival Cruise Line steeled itself for the inevitable passenger horror stories.
The Mercurius Shipping Group, Zwijndrecht, Netherlands, has developed a new concept for a clean inland waterways cargo ship.
Seadrill orders two drillshipsSeadrill is to build up to four new ultra-deepwater drillships at Samsung Heavy Industries..
 The White House office of Carol Browner changed a DOI report justifying the moratorium.
MTU Detroit Diesel has opened a new Gulf Coast Sales and Operations center in St. Rose, La.
Two ships to be recycled at Mare I. MARAD has awarded contracts totaling $3.1 million to Allied Defense Recycling of Petaluma, Calif.
November 10, 2010

Maersk revenues rebound

Maersk revenues rebound "We have moved from defense to the attacking zone," says Maersk Group CEO Nils S. Andersen.
Tide power innovator seeks shipyard Neptune Renewable Energy Ltd. is looking for a shipbuilder as a partner.
Bourbon offshore revenues up Jacques de Chateauvieux had some good news for Bourbon shareholders.

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