Latest News
Interocean American Shipping Corp., Moorestown, N.J., is being awarded a $28,189,899 firm-fixed-price contract for the operation and maintenance of the Sea-Based X-Band Radar platform (SBX-1). SBX-1 is a converted semisubmersible, originally built in the Vyborg…
Raymond Lord has been named President of Donjon-SMIT, LLC, effective November 8.   A native of Houston, Texas, Mr. Lord has more than 30 years of experience within the marine salvage industry, most recently serving as…
Caledonian Maritime Assets Limited (CMAL) has announced that Ferguson Shipbuilders, Port Glasgow, Scotland as the preferred bidder for the contract to build the world's first two seagoing Roll-on/Roll-off vehicle and passenger (Ropax) diesel electric hybrid…
Arctech Helsinki Shipyard Inc. started the production of a second icebreaking supply vessel for Russian shipping company Sovcomflot at the Helsinki Shipyard yesterday. Both vessels will be delivered in April 2013. The main purpose for…
China's COSCO (Zhoushan) Shipyard Co. Ltd.,a subsidiary of , COSCO Shipyard Group Co. Ltd., has secured a contract valued at over $68 million to build two ) 82,000 dwt dry bulk carriers.Both bulkers are scheduled…
Cummins Inc. (NYSE: CMI) has introduced its new QSK95 engine with over 4,000-hp (2,983 kW) output, describing it  as "the world's most powerful high-speed diesel." The 95-liter 16-cylinder QSK95 is the first engine to be…
Offshore service vessel giant Tidewater Inc. (NYSE:TDW) reported a second quarter net loss for the period ended September 30, 2011, of $4.9 million, or $0.09 per share, on revenues of $250.9 million. For the same…
Grand China Shipping is suspending a weekly trans-pacific containership service-- Super Pacific Express (SPX) -- that it initiated in March this year. SPX links Long Beach with the Chinese ports of Shanghai, Ningbo, Xiamen and…
Further charges have been laid by Maritime New Zealand (MNZ) against the Master and Second Officer of the of the Costamare-owned 3,032 TEU containership Rena, following the ship's grounding on Astrolabe Reef off Tauranga on…
Drilling contractor Rowan Companies, Inc. (NYSE:RDC) reported results for the three months ended September 30, 2011, that included net income from continuing operations of $31.4 million or $0.25 per share, compared to $60.2 million or…
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