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MAY 15, 2013 —Tidewater Inc. (NYSE: TDW), through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS for approximately $395 million. The acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand Tide ...

MAY 15, 2013 — Secretary of Defense Chuck Hagel yesterday sent a memorandum directing furloughs of 11 days for most Department of Defense civilian employees. However, an attachment to the memo said: "Employees in Navy shipyards will be excepted from furlough because it would be particularly difficult to make up delays in maintenance work on nuclear ...

MAY 15, 2013 — The Operation Commander of the EU Naval Force, Rear Admiral Bob Tarrant, has issued a renewed warning that Somali pirates are still determined to get out to sea and, if presented with an easy target, will attack. The Admiral's warning comes days after EU Naval Force warship ESPS Rayo loca ...

MAY 15, 2013 — Morgan City, Louisiana, headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD.PK) has reported its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net incom ...

MAY 15, 2013 — Classification society DNV reports that 2012 saw revenues increase by 27 percent compared to 2011, though high scrapping levels saw the number of ships and mobile offshore units classed by the society fall from 6,134 at the end of 2011 to 6,115 at the end of 2012. DNV Group CEO Henrik O. Madsen says 2012 can be char ...

MAY 15, 2013 – ABB has signed a long-term Preventive Service agreement with Hong Kong based China LNG Shipping International Co. Ltd (CLSICO) to provide maintenance services to all ABB equipment onboard of its six LNG vessels in the next five years. The contract commenced January 1, 2013. Throughout the five-year contrac ...

MAY 14, 2013 —  Prominent Greek shipowner Victor Restis has responded sharply to accusations made by UANI (United Against Nuclear Iran) accusing him and two of his companies of having dealings with Iranian  oil and shipping companies and sanctions designated individuals, including ...

MAY 14, 2013 — The offshore support vessel and mobile rig fleets are set for major growth says a new 200 page, $1,950 report – entitled "Offshore Support Vessels and Mobile Rigs: Global Prospects to 2025" – from U.K. based Ocean Shipping Consultants. Forecast development of mobile rig fleet With growin ...

MAY 14, 2013 — The U.S. Merchant Marine Academy (USMMA), Kings Point, NY, says that Gen. William M. Fraser III, Commander, U.S. Transportation Command (USTRANSCOM), has been chosen as speaker at this year's commencement to be held at USMMA on Monday, June 17, 2013. USTRANSCOM is a major consumer of U.S. Merchant Marine ser ...

MAY 14, 2013 — European antitrust authorities have raided the offices of several companies active in and providing services to the crude oil, refined oil products and biofuels sectors, including BP, Royal Dutch Shell, Norway's Statoil and the pricing agency Platts. The European Commission said that the "unannounced inspections" ...