Latest News
Cargotec has received an order to supply a total of twenty 150-tonne electric MacGregor winches for two pipe-laying heavy-lift offshore construction vessels (N448 & N449) which are currently being constructed  at Cosco (Nantong) Shipyard Co…
"The LNG sector together with the offshore shuttle tankers market will be playing a growing role in our company's affairs going forward," says Mr. Nikolas P. Tsakos, President & Chief Executive Officer of Athens headquartered…
Crowley Maritime Corporation reports that Julia Shemesh has been promoted to vice president and deputy general counsel. Ms. Shemesh will remain in Seattle, Wash., and will continue reporting to Michael Roberts, senior vice president and…
Within days of the launch of its newbuild 50,000 dwt semi-submersible vessel, Finesse, Rotterdam headquartered Fairstar Heavy Transport N.V. reports that sister ship Forte has departed the quayside at Guangzhou Shipyard International and begun a…
School leaders from several maritime-themed high schools throughout the U.S. will gather at the Maritime Academy of Toledo, Toledo, Ohio, for two days this week as part of a national project to develop a maritime…
Oslo-headquartered P&I and defense insurance mutual Skuld is offering a reduction in rates for Maritime Kidnap & Ransom insurance. Skuld has now been offering competitive pricing and tailored wordings in this area for nearly two…
Ocean Rig UDW Inc. (NASDAQ: ORIG), which is majority owned by Dry Ships, Inc.(NASDAQ: DRYS), reports that it has received a Letter of Award (LOA) for its ultra deepwater drillship "Ocean Rig Olympia," from a…
Stock awards worth $7 million helped bump total compensation for C. Michael Petters, president and CEO of Huntington Ingalls Industries Inc., nearly 126 percent, from $5.7 million in 2010 to $12.9 million last year, of…
London-headquartered Ensco plc (NYSE: ESV) has ordered a new advanced-capability, ultra-deepwater drillship. It will be built at Samsung Heavy Industries, Co. Ltd.'s shipyard in Geoje, South Korea. The vessel, ENSCO DS-8, will be the sixth…
General Dynamics (NYSE: GD) says that John P. Casey (Right in picture), president of General Dynamics Electric Boat, will succeed Phebe N. Novakovic as executive vice president of the corporation's Marine Systems group. Novakovic was…
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