Latest News
Morgan City, La., headquartered Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) yesterday announced its second quarter and six months 2011 financial results. For the quarter ended June 30, 2011, Conrad achieved net income of $5.2…
The U.S. Coast Guard reports that its third National Security Cutter, Stratton, successfully completed rigorous acceptance trials Friday to ensure the cutter meets its contractual requirements and is ready for delivery to the Coast Guard.Stratton's…
ABB reports that in the second quarter it booked orders for a total of $200 million from Samsung Heavy Industries, Hyundai Heavy Industries, Keppel FELS and Jurong Shipyard Pte Ltd., to supply equipment for 24…
Houston headquartered National Oilwell Varco, Inc. (NYSE: NOV) reports that it has signed contracts to supply drilling equipment packages for seven drillships to Brazilian shipbuilder Estaleiro Atlântico Sul ("EAS"), including drilling riser and pressure control…
U.S. Transportation Secretary Ray LaHood today announced $9.98 million in grants to 13 small shipyards under the U.S Maritime Administration's (MARAD) Small Shipyard Grants Program"These grants will help improve our ability to build and repair…
The seismic ship on order for  Sanco Shipping AS at Kleven Maritime's Myklebust shipyard in southern Norway (see earlier story) is to be powered by four MAN 8L32/40 engines.Designed by Skipsteknisk AS in Ålesund, the…
India's Pipavav Shipyard Ltd. has formally changed its name to Pipavav Defence and Offshore Engineering Company Ltd. The board has also taken a decision to convert the existing wet basin at the yard into a…
Great Lakes bulk carrier operator Rand Logistics, Inc. (Nasdaq:RLOG) today reported results for its FY 2012 first quarter ended June 30, 2011.Marine freight revenue (excluding fuel and other surcharges, and outside charter revenue) was $30.7…
Offshore drilling giant Transocean has made an all-cash offer to acquire Aker Drilling ASA. It has already received commitments for 60 percent of the listed shares.Aker Drilling operates two harsh environment, ultra-deepwater, sixth-generation semi-submersible rigs…
Robert Raymond Ruks, 34, of Portsmouth, Va., was sentenced today to 37 months in prison, followed by a term of three years supervised release, for making false statements to Navy officials and federal agents by…
Page 527 of 620