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Offshore services giant Tidewater Inc. (NYSE: TDW) reports "unexpected developments" in its negotiations with Angolan national oil company Sonangol on Sonatide, the joint venture with Sonangol in which Tidewater has a 49 percent stake and…
Mitsubishi Heavy Industries, Ltd. (MHI) has signed a joint-development agreement with Sinopacific Shipbuilding Group Co., Ltd. of China under which MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI…
Seattle-based Saltchuk Resources, Inc., has promoted Anthony Chiarello, to president and CEO of TOTE, Inc., the largest of its six operating groups.Mr. Chiarello, who accepted the top leadership position at TOTE, Inc., 18 months ago,…
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…
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