Seadrill places jack-up order at Jurong Shipyard

Seadrill has entered into an agreement for the construction of a new jack-up drilling rig with Sembcorp Marine’s Jurong shipyard in Singapore. The rig is scheduled to be completed at the end

Hamburg Süd places $710.5 million box ship order at HHI

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, today won a KRW 800 billion (about $710.5 million) deal to build six 9,600 TEU containerships for shipping line Hamburg Süd. The agreement includes

Louis Dreyfus seeks to cancel ST Marine Ropax contract

ST Marine, the shipbuilding unit of Singapore’s ST Engineering, reports that it has  received a notice of termination dated March 17, 2011 from French shipowner Louis Dreyfus Armateurs (LDA) in respect of

New Ro-Con ships to be built for U.S. East Coast service

National Shipping Company of Saudi Arabia (NSCSA) recently signed a $411.47 million contract with Hyundai MIPO, South Korea to build four 220 m Roll-On/Roll-Off-Container (Ro-Con) ships. The contract contains an option to

Lockheed Martin team gets $387 million LCS contract

The U.S. Navy has awarded a Lockheed Martin [NYSE: LMT]-led industry team $376 million to construct the  seventh Littoral Combat Ship (LCS). The fixed-price-incentive-fee contract provides funding for the second of 10

ATP Oil & Gas Corporation gets deepwater drilling permit

ATP Oil & Gas Corporation (NASDAQ: ATPG) today reported that it has received a permit to resume drilling the Mississippi Canyon (“MC”) Block 941 #4 well in the deepwater Gulf of Mexico.

Insolvency administrator takes the helm at Beluga

The future of Germany’s Beluga Shipping Group is now largely in the hands of insolvency attorney Edgar Grönda of the law firm Schultze & Braun. Beluga Chartering GmbH filed for insolvency in

Biocide-free Intersleek foul release pays off for NCL

As part of its commitment to the environment, Norwegian Cruise Line applied International Paint’s biocide free, Intersleek foul release coatings to the 78,309 grt cruise ship Norwegian Sun when it was built

Maracc gets $280 million financing for Island Innovator

Marine Accurate Well ASA – Maracc – has successfully secured a fully committed $280 million financing package for the remaining construction costs of Island Innovator, a drilling and heavy well intervention semi

Austal awarded $368 million LCS contract modification

Shipbuilder Austal USA, Mobile, Ala., is being awarded a $368,592,125 modification to previously awarded contract (N00024-11-C-2301) to contractually authorize fiscal 2011 Littoral Combat Ship (LCS) construction.  Work will be performed in Mobile,

LOAD MORE