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Louisiana Gov. Bobby Jindal and Huntington Ingalls Industries (NYSE: HII) President and CEO Mike Petters have announced that the State and Huntington Ingalls Industries (HII) have entered into a Memorandum of Understanding (MOU) under which…
Agribusiness giant Archer Daniels Midland Company (NYSE: ADM) has placed an order with Japan's Sumitomo Corporation for the construction of three new 95,000 dwt post-Panamax dry-bulk oceangoing vessels, which will increase the size of ADM's…
Houston-headquartered Atwood Oceanics, Inc. says that on October 15, 2011, wholly-owned subsidiary Alpha Eagle Company entered into a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co., Ltd.,  to construct an ultra-deepwater drillship, to…
Teekay Corporation (NYSE: TK)  has now entered into an agreement with Sevan Marine ASA and holders of more than two-thirds of each of Sevan's bond loans, that will see it go ahead with its plans…
St. Johns Ship Building, Palatka, Fla., has won a contract to construct a custom crane spud barge for Skanska, one of the largest construction companies in the world. This is the first contract St. Johns…
More than 279,200 jobs are generated by activity in the Port of New York and New Jersey, according to a just-released study. The independent economic impact study of port operations, prepared by A. Strauss-Wieder Inc.,…
Houston-headquartered marine engineering and naval architecture consulting firm Zentech, Inc. has acquired the former Derrick Barge 23 from Bohen Crane and Equipment Repair LLC and renamed it ZEE RIG 3.  "We intend to upgrade the…
The National Shipbuilding Research Program Executive Control Board has selected 15 new research and development projects to receive awards totaling approximately $1.4 million. A brief description of each newly awarded project follows:  Single Coat Tank…
Rolls-Royce has received orders worth around GBP 18 million (about $28.5 million) for the supply of azimuth thrusters to power 18 new tugs being built in Chinese shipyards.Qingdao and Yingkou Ports will take delivery of…
United States Senator Mary L. Landrieu and U.S. Rep. Cedric Richmond have received confirmation from the Department of the Navy that any federal funds provided for the closure and conversion of the Avondale Shipyard may…
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