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China's COSCO (Guangdon) Shipyard Co., Ltd. is to build up to ten Rolls-Royce design UT 771 CDL Platform Supply Vessels for an as yet unnamed "American shipowner." A stock exchange announcement says that shipbuilding contracts…
Walsh & Sons, a U.K. construction and recycling company with a fleet of 60 trucks, is planning to beat road congestion by switching to river transportation. Last week, as part of that strategy, Walsh took…
Houston-headquartered Vantage Drilling Company (NYSE Amex: VTG) reports that it has signed a definitive agreement with Valencia Drilling Company to acquire the rights and obligations under the construction contract for the ultra-deepwater drillship Dragonquest, which…
Cruise Lines International Association (CLIA) is recommending enhancements to regulations about the reporting of casualties at sea. Specifically, CLIA is recommending that the International Maritime Organization (IMO) expressly and more clearly require flag states to…
Container shipping giant Hapag-Lloyd turned in a net loss of €28.8 million (about $38 million) in 2011. According to the consolidated financial statements approved today by the Supervisory Board, Hapag-Lloyd increased its transport volume in…
Hercules Offshore, Inc. (Nasdaq: HERO) reports the execution of a definitive agreement to acquire the offshore drilling rig Ocean Columbia from a subsidiary of Diamond Offshore Drilling, Inc. (NYSE: DO - News). The purchase price…
The California Air Resources Board has received $5 million in American Recovery and Reinvestment Act Funds to help clean up a variety of boats and vessels that operate in California's ports and harbors. These funds…
The U.S. Coast Guard is tightening its vigilance on ships that may infringe MARPOL regulations, the American P&I Club has warned its members. The club's managers warn that there has been a "significant increase" in…
Heavy lift specialist Dockwise Ltd. reports that it has received six new contract awards, totaling $57 million, for execution in the first half of 2012 and in 2015. The wins include a reservation contract, securing…
InterManager President Alastair Evitt says that any move by governments to ban the payment of ransoms to pirates would have a "massively detrimental effect on the risk to the world's seafarers and the global economy."…
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