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Shares in tanker operator General Maritime Corporation (NYSE: GMR) plunged in overnight trading after it issued a statement saying "it is engaged in ongoing discussions with prospective lenders and investors to seek additional liquidity through…
A study commissioned by the Shallow Water Energy Security Coalition finds that spending by the vendors and subcontractors supporting shallow water energy exploration accounted for $1.8 billion over the last three years, excluding expenditures in…
First steel for Princess Cruises' next ship was cut yesterday at Fincantieri's Monfalcone, Italy, shipyard. The ship is the first of two new-generation, 141,000 ton, 3,600 passenger vessels for the cruise line took which took…
Dubai-headquartered offshore services provider Topaz Energy and Marine is planning to raise $500 million in a London Stock Exchange IPO.  a fleet of approximately 100 offshore support vessels, Topaz is a wholly owned subsidiary of…
Paris-headquartered Bourbon reports that revenues in 2010 came to EUR 849.9 million, up 4.6 percent from the previous year. Compared with the second half of 2009, revenues in the second half of 2010 were up…
The U.S. inland barge fleet expanded 2 percent during 2010. The fleet expanded mainly for the fleet that increased in count for the first time since 1998. There were 873 new barges added to the…
American Cruise Lines reports that construction of its new 140 passenger Mississippi sternwheeler at Chesapeake Shipbuilding in Salisbury,Md., is well underway and ahead of schedule. The hull is nearly complete and the superstructure is taking…
Israel Defense Forces (IDF) have seized a containership loaded with weaponry. The Liberian-flagged Victoria was intercepted yesterday morning some 200 miles west of Israel's coast. The ship is managed by Peter Doehle Schiffahrts-KG of Hamburg,…
Northrop Grumman Corporation (NYSE: NOC) today announced that its board of directors has approved the spin-off of its wholly owned subsidiary, Huntington Ingalls Industries, Inc. (HII), to Northrop Grumman stockholders, subject to final U.S. Securities…
Japan Drilling Company has placed its first newbuild offshore drilling rig order in six years. It has awarded Singapore's Keppel FELS shipyard a contract worth about $210 million for a KFELS Super B Class jack-up…
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