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CBP does a U turn on Jones Act letter revocations MAY 10, 2017 — U.S. Customs and Border Protection has withdrawn a January 18 revocation notice that was widely welcomed by the U.S. domestic marine industry as promising to restore American jobs by withdrawing previous letters of interpretation on the Jones Act. Among those welcoming the revocation of those letters…
MAY 25, 2017 — Offshore drilling contractor Noble Corporation plc, has selected acoustically-aided inertial navigation technology from Sonardyne Inc., Houston, for its ultra-deep water drillship Noble Globetrotter I. The Marksman DP-INS system is being used…
MAY 19, 2017 — A platform supply vessel that is currently being converted into a ROV Support Vessel (RSV) is to be equipped with a new patented Rolls-Royce dual draglink (DDC) subsea crane. This will…
MAY 18, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) reported yesterday that it and certain of its subsidiaries have now filed voluntary petitions under chapter 11 of title 11 of the United States…
MAY 18, 2017 – New Orleans, LA, headquartered Harvey Gulf International Marine is bucking trends that see other vessel operators stacking vessels and reducing fleet size. It reports that it has signed four non-cancelable, long…
MAY 17, 2017 — GulfMark Offshore, Inc. (OTCPink:GLFM) says it will file a voluntary chapter 11 bankruptcy filing of the on or before May 21, 2017. The company said yesterday that it has reached a…
MAY 12, 2017 — The U.S. domestic maritime industry may be outraged by the U turn made by U.S. Customs and Border Protection on closing Jones Act loopholes, but the U.K. Chamber of Shipping has…
MAY 12, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) plans to file for Chapter 11 bankruptcy protection by May 17. The company said today that it has entered into an agreement with lenders…
MAY 11, 2017 — The Shipbuilders Council of America today joined the Offshore Marine Services Association (OMSA) and the American Maritime Partnership (AMP) in responding the announcement by U.S. Customs and Border Protection (CBP) that…
MAY 10, 2017 — U.S. Customs and Border Protection has withdrawn a January 18 revocation notice that was widely welcomed by the U.S. domestic marine industry as promising to restore American jobs by withdrawing previous…
MAY 8, 2017 — The global OSV fleet's Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue (VV). The online…
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