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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.,…
Alcoa (NYSE:AA) reports that it has won a $2.1 million U.S. Navy contract to develop advanced welding techniques designed to reduce manufacturing costs on aluminum-intensive ships.Under the program, developed through a collaboration by Alcoa's Government…
U.S.-flag containership operator Horizon Lines, Inc., (OTCQB: HRZL) has issued an update on its efforts to mitigate environmental impact from shipping operations and intermodal transport."Ensuring sustained environmental protection has always been a mission at Horizon…
"The market upturn in 2011 has resulted in early signs of an improvement in Bourbon's performance and results," said Christian Lefèvre, Chief Executive Officer of Bourbon announced, reporting the Paris-headquartered offshore giant's Annual Results for…
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