Secretary of Defense Robert M. Gates announced today a series of what the Pentagon calls "efficiencies decisions" designed to save the Department of Defense more than $150 billion over the next five years primarily by…
Morgan City, La. headquartered shipbuilder Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today announced the signing of new contracts and sale of stock barges, bringing its estimated current backlog to approximately $92.8 million compared to…
Paris-headquartered offshore services giant Bourbon has separated the functions of Chairman of the Board of Directors and Chief Executive Officer. Jacques de Chateauvieux will continue to chair the Board of Directors but he has passed…
The National Oil Spill Commission has released the key findings from its extensive investigation into the causes of the blowout of BP's Macondo well. Though the full report will be released January 11, 2010, the…
Somali pirate activity continues at a high level. The New Year opened with the hijacking on the afternoon of January 1 2011 of the MV Blida. approximately 150 nautical miles South East of the port…
January has opened well for the world's largest shipbuilder. After delivering its first ship of the year, Korea's Hyundai Heavy Industries (HHI) announced it had booked a $520 million order from a unit of Diamond…
Florida's Governor-elect Rick Scott has named Herschel Vinyard to be Secretary of the State's Department of Environmental Protection. Though Mr. Vinyard will be well-known to Marine Log readers -- as a former chairman of the…
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the U.S has acquired the assets of L.W. Matteson, Inc., a maintenance dredging, environmental dredging and levee construction company located in…
George Economou, Chairman and CEO of DryShips Inc. (NASDAQ: DRYS) was enthusiastic about the prospects for the deepwater market today as the company reported that its 78  percent owned subsidiary Ocean Rig UDW Inc. had…
Floating dry docks are supposed to submerge. But only when intended to. Guam Shipyard's floating dry dock was being dewatered Monday after an unscheduled submersion after what shipyard President and CEO Mathews Pothen called "inclement…

Join Marine Log's Email List

News from NASDAQ