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Singapore's Keppel FELS shipyard is on course to deliver ENSCO 8505, the sixth of seven ENSCO 8500 Series ultra-deepwater semisubmersible (semi) drilling rigs to Ensco (NYSE: ESV) safely, on time and within budget.  The rig…
The U.S. Navy has successfully concluded its final alternative fuel demonstration for the year with the operational tests of the 50/50 algae-derived, hydro-processed algal oil and petroleum F-76 blend in a Landing Craft, Air Cushion…
The U.S. Maritime Administration has announced that $9.98 million in federal funding is now available through its Small Shipyard Grant Program to help enhance the efficiency and competitiveness of qualified small U.S. shipyards.  The grants…
As part of its joint effort to combat smuggling and transnational crime, the Australian Federal Police (AFP) delivered three new high-speed patrol boats to the Indonesian National Police. "Australia and Indonesia agree that people smuggling…
The Bureau of Safety and Environmental Enforcement (BSEE) has issued a second set of regulatory violations arising from operations conducted in connection with the Macondo well. The violations were issued as Incidents of Non-Compliance (INC).…
The result of a joint venture between STX Finland Oy and United Shipbuilding Corporation, Arctech Helsinki Shipyard, Finland, has been awarded a contract to build a multipurpose emergency and rescue vessel for the Russian Ministry…
The first of a new type of "compact" deepwater drillships jointly designed by Shell and Noble Corporation recently arrived in the U.S. Gulf of Mexico. After completing commissioning and acceptance testing this month, the drillship…
Publicly traded Rand Logistics, Inc., New York, NY, completed the acquisition of its fifth vessel this year, a Jones Act compliant, self-unloading articulated tug/barge unit. Concurrent with the closing, Rand Logistics placed an additional $25…
One of the most successful federal programs for upgrading and improving the U.S. marine transportation  has been the Ferry Boat Discretionary Grant Program. Administered by the Federal Highway Administration (FHWA), the Ferry Boat Discretionary Program…
John Fredriksen controlled Hemen Holding Ltd. is giving more than $505 million in guarantees to restructure Frontline Ltd. in a solution that will see the world's largest tanker company carved into two.The restructuring has been…
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