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Northrop Grumman Corporation's (NYSE:NOC) reports that the U.S. Coast Guard has awarded its shipbuilding sector a $480 million fixed-price incentive contract for construction of a fourth National Security Cutter (WMSL 753). Construction and delivery will…
As shipping markets recover, the industry will most probably face a tightening labor market, with recurrent shortages for officers, cautions Douglas Lang of ship management group Anglo Eastern. Mr. Lang is chairman of the steering…
Norway's Eidesvik Offshore has exercised a NOK 440 million ($71.2 million) option to build a second LNG fueled PSV at Kleven Maritime. Scheduled for delivery from Kleven's Ulsteinvik shipyard in 2012, the vessel will be…
Developing shipbuilding countries hoping to be "the next Korea," or "the next China," might consider the woes of troubled Vietnamese shipbuilder Vinashin -- and their impact on the rest of the Vietnamese economy. On November…
The Government of Newfoundland and Labrador is a step closer to taking delivery of two new medium-size ferry vessels. The 42 m vessels will each carry 16 cars and 80 passengers and are under construction…
Argentina won't be in George Economou's vacation plans, most likely. DryShips Inc. (NASDAQ: DRYS) reports that its fully-owned subsidiary Ocean Rig UDW Inc has signed a contract with Borders & Southern Petroleum plc is for…
Petrobras has opened the sealed bids submitted in a three part tender intended to lead to the construction, in Brazil, of 28 offshore drilling rigs required for development of the pre-salt zone. According to Dahlman…
Singapore is investing up to Singapore $6 million (US$ 4.5 million) in maritime fuel cell research. The Maritime and Port Authority of Singapore (MPA) and Temasek Polytechnic (TP) have signed a Memorandum of Understanding launching…
Canada's Minister of Fisheries and Oceans, Gail Shea, has announced the award of contracts for the design of four new scientific research vessels the Canadian Coast Guard. A $2.5 million contract for the design of…
Norwegian billionaire investor Øystein Stray Spetalen has joined the parade of those seeing opportunities ahead for newbuild jack-up rigs. Standard Drilling, a subsidiary of Mr. Spetalen's Ferncliff TIH AS investment company, has placed an order…
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