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Jensen Maritime Consultants, Seattle, WA, a Crowley subsidiary, recently started the design of two 92-foot, 50-ton-bollard-pull Azimuth Stern Drive (ASD) tugboats for Caribbean TugZ, an affiliate of SEACOR Holdings Inc., for operation in the Caribbean…
Singapore-based global offshore support and subsea services provider Ezra Holdings Limited has promoted two of its key executives.  Industry veteran Captain Adarash Kumar becomes Chief Operating Officer (COO) at the Group level to spearhead Ezra's…
The Justice Department announced today that Maersk Line Limited, Norfolk, VA, has agreed to pay the government $31.9 million to resolve allegations that it submitted false claims to the United States in connection with contracts…
The U.S. Department of Labor's Occupational Safety and Health Administration has cited Millersville-headquartered Dredge & Marine Co. LLC for 12 safety and health violations. OSHA opened an inspection following a July incident in which one…
South Korea's Ministry of Knowledge Economy has released its trade figures for 2011. Korea’s exports increased 19.6 percent year on year to a record $557.8 billion and imports gained 23.3 percent to a record $524.5…
The Brazilian Navy has signed a contract worth £133 million with BAE Systems for the supply of three Ocean Patrol Vessels and ancillary support services. The contract also contains a manufacturing licence to enable further…
Tanker giant Frontline Ltd. says that it has successully completed the restructuring first announced December 6, 2011, backed by more than $505 million in guarantees from its largest shareholder, John Fredriksen controlled Hemen Holdings.According to…
Xinhua reports that the Chinese shipbuilding industry suffered sharp declines in new orders in 2011,citing data from released Monday by China's National Development and Reform Commission (NDRC.New shipbuilding orders from January to November last year…
KV Ventus B.V., a wholly-owned subsidiary of Singapore's Keppel Corporation Ltd. has entered into an agreement to take a 49.9 percent stake in offshore wind turbine foundation designer OWEC Tower (AS) for about NOK 61…
Bollinger Shipyards, Lockport, LA, recently released video of the sea trials of the USCGC Bernard C. Webber, the first of the U.S. Coast Guard's Sentinel Class Fast Response Cutters.What's particularly interesting about the video, shot…
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