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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…
Jones Act carrier Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced unaudited financial results for its second quarter and six months ended June 30, 2011 that included net losses of $3.6 million for the…
Jim Thornton has been appointed director of environmental health and safety strategy and regulatory affairs at the Newport News Shipbuilding (NNS) division of Huntington Ingalls Industries, Inc. (NYSE:HII).In this new role, Mr. Thornton is responsible…
Norway’s Island Offshore recently christened the 120-meter-long offshore construction vessel, Island Intervention.Based on an Ulstein SX121 design the Island Intervention will carry out advanced operations in the Norwegian Sea this autumn.  Thw 120 m x…
Austal has been awarded a contract for the design, construction and through-life support of eight new 57.8 m patrol boats for the Australian Customs and Border Protection Service.The approximate value of the contract is A$330…
August 12, 2011

Red ink at NOL

Container shipping and logistics giant Neptune Orient Lines (NOL) today reported a net loss of US$67 million for the first half of 2011 compared to a US$1 million net profit in the same period a…
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