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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…
John Fredriksen's Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently under construction at…
The world's largest shipbuilder, Korea's Hyundai Heavy Industries, has kicked off the New Year by today delivering a 319,000 dwt VLOO (Very Large Ore Oil carrier) to Taiwan's, TMT, whose owner and CEO is Mr.…
Two large rescue vessels being built for the Chinese Ministry of Transport will have complete twin-screw complete propulsion packages from MAN Diesel & Turbo based on its latest MAN L48/60CR engines, Renk RSHL reduction gears…
Japan's Kyokuyo Shipyard Corporation has delivered the 2,000 car capacity M.V. City of St. Petersburg to Nissan Motor Co. Ltd. The PCC (pure car carrier) has a semi-spherical shaped "bubble bow" said to achieves a…
After a pre-Christmas Congressional cliff hanger, the Navy has awarded Lockheed Martin Corp. and Austal USA each a fixed-price incentive contract for the design and construction of a 10 ship block-buy, for a total of…
The Erie, Pa., shipyard of Donjon Shipbuilding and Repair has floated the 135-foot-long, 10,500-horsepower tugboat Ken Boothe Sr. into Presque Isle Bay. The vessel was moved from Donjon Shipbuilding's 1,250-foot graving dock to a wet…
Classification society ABS has released a Guide for Building and Classing Offshore Wind Turbine Installations. It is the first Guide to address design considerations for the bottom founded support structure of an offshore wind turbine…
On December 24, the President of the Russian Federation Dmitry Medvedev, put on his Santa hat and beard, as it were, and called President of the French Republic Nicolas Sarkozy to tell him that Russian…
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