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After one year in service, Washington State Ferries' 64 car ferry Chetzemoka has developed hairline cracks in its propellers, potentially from improperly cast stainless steel.The problem became public knowledge  when State Rep. Larry Seaquist, touring…
Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that BOEM will hold the first oil and natural gas lease sale in the Gulf…
Despite weak freight rates and a poor time charter environment, containership operators are ordering ever larger vessels. Though this may seem counter-intuitive, shipbroker Braemar Seascope says it reinforces a trend that is at least five…
Royal Boskalis Westminster N.V. (Boskalis) announces that discussions are underway with Sudamericana Agencias Aereas y Maritimas S.A. (SAAM) to explore the possibilities and opportunities for a joint towage operation within the American Continent.The intended joint…
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (NYSE: TOO), reports that Teekay Corporation and Teekay Offshore intend for Teekay Offshore to acquire the Sevan Piranema  floating production, storage and offloading…
"Prospects for increasing utilization rates and daily rates are set fair for the fourth quarter in deep and shallow water offshore" says Christian Lefèvre, Chief Executive Officer of Paris-headquartered offshore services giant Bourbon. "Backed by…
Following the announcement that its board had approved a massive $720 million newbuilding program earlier in the week, Hornbeck Offshore Services, Inc., Covington, LA, said today that it would increase the size of its previously…
W&O Supply has established operations in Brazil, with the first office located in Rio de Janeiro."The growing marine and offshore industries in Brazil provide incredible opportunity for us," said Michael Hume, President and CEO of…
Secretary of the Interior Ken Salazar has announced a Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017.  It makes more than 75 percent of undiscovered technically recoverable oil and gas resources…
Huntington Ingalls Industries (NYSE:HII) reports that Newport News Shipbuilding's name has returned to its perch 233 feet above the shipyard. After more than 10 years, 250 gallons of primer and 260 gallons of paint, the…
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