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In an SEC filing, Tidewater Inc. (NYSE:TDW) reports that it has reached agreement with the Federal Government of Nigeria (“FGN”) to settle and resolve the previously disclosed investigation by the FGN relating to allegations that…
American Feeder Lines, which says its vision and mission is the "realization of America's Marine Highways," says it will start operations in the second quarter of 2011. Last year the company hired Hapag-Lloyd veteran Rudy…
Yesterday morning Interior Secretary Ken Salazar told a House Natural Resources Committee hearing on the Department of the Interior's Fiscal Year 2012 Budget proposal what the Washington Examiner characterized as "a whopper." The video shows…
At least one potential buyer is interested in Canada's bankrupt Davie Yards. Oslo-listed Cecon ASA, which is the yard's main customer, says it has entered into a preliminary agreement "providing for exclusive negotiations/discussions with a…
Singapore's Beng Kuang Marine Limited reports that its wholly-owned subsidiary, Asian Sealand Engineering Pte Ltd., has secured a contract with an established offshore marine company to construct one 142.5 m submersible, transport, launch barge. The…
A key element of using a "citadel" to protect crews against pirates is to provide a reliable communication link that the crew can use from inside the fortified space to inform patrolling naval forces that…
Wärtsilä has been awarded a contract by shipbuilding company STX Finland Oy to supply the propulsion machinery for a new passenger ferry to be built for Viking Line, a Finnish ship owner. The vessel will…
Polarcus Limited (OAX: PLCS) reports that Polarcus Samur Ltd, a member of the Polarcus Group, took delivery on March 2, 2011 of POLARCUS SAMUR, the fourth 3D seismic vessel to date to join the Polarcus…
Wärtsilä has introduced a new series of midsize waterjets. The new series means that Wärtsilä's range of stainless steel jets now includes all sizes from 510 mm to 3,250 mm. Wärtsilä says this makes it…
American Commercial Lines Inc. (ACL) said today that its Jeffboat manufacturing facility will be recalling approximately 200 hourly employees, and hiring several salaried supervisory personnel, over the next seven weeks to build an increased number…
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