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Singapore's Ezra Holdings has raised nearly US$100 million in a private placement aimed at boosting its balance sheet in anticipation of increased demand for its subsea and offshore support services. Now, it says, it is…
The Kobe Shipyard and Machinery Works of Japan's Mitsubishi Heavy Industries, Ltd. (MHI) has launched its last commercial vessel. From now on the shipyard will focus on submarines under a reorganization plan announced last year…
U.S. Senator Thad Cochran (R-Miss.) on Thursday sought an explanation as to why the budget request for the U.S. Coast Guard no longer recommends funding for National Security Cutters (NSCs) Nos. 7 and 8, vessels…
In an Oslo Stock Exchange announcement today, Wilh. Wilhelmsen Holding ASA said before tax profits would take a $15 million hit as a result of a decision by its subsidiary Wilhelmsen Technical Solution AS to…
Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) reports that Janice Smith has been promoted to Senior Vice President of OSG. In addition to her promotion, Ms. Smith will assume responsibility for governmental affairs for…
In conjunction with prime contractor BAE Systems Southeast Shipyards Alabama, Austal USA, has completed a  four month drydocking and shipyard availability for the Sea Fighter (FSF-1).The Panama City, Fla., based Sea Fighter is an aluminum…
The BBC reports that the captain of a vessel involved in a collision with a Stenaline ferry at the mouth of Belfast Lough will appear in court on Friday on a charge of having excess…
The news that an ME-GI principle LNG-fired engine will be demonstrated next year by MOL and Mitsui Engineering and Shipbuilding Co. (see earlier story) is one of several indications of growing interest in the technology.The…
More than 500 guests, including Coast Guard Commandant ADM Bob Papp, Louisiana Governor Bobby Jindal and several U.S. Senators were on hand on March 2 for the Coast Guard Sentinel Class Fast Response Cutter Fleet…
Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the first of two Aframax tankers that it will build for SeaRiver Maritime, Inc.,…
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