Author: Administrator

  • News

Navy supports Northrop Grumman shipbuilding spin-off

The Department of the Navy announced today that it is now in a position to support Northrop Grumman Corporation’s (NGC) spin-off of its shipbuilding business. The Navy finds Huntington Ingalls Industries Inc.

  • News

Awash in red ink, Genmar looks for a liquidity fix

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

  • News

Study shows that drilling in Gulf means jobs in Chicago

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,

  • News

Princess Cruises starts construction of Royal Princess

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

  • News

Topaz Energy and Marine plans $500 million London IPO

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

  • News

Bourbon reports increased annual revenues

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