Author: Administrator

  • News

APL and ports see how seawater scrubber stacks up

The ports of Los Angeles and Long Beach are funding a long term test of the  effectiveness of seawater scrubbers in reducing vessel air pollution. The technology uses seawater to filter pollutants

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Pentagon to spend less on gold braid, more on ships

Secretary of Defense Robert M. Gates announced today a series of what the Pentagon calls “efficiencies decisions” designed to save the Department of Defense more than $150 billion over the next five

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Conrad Industries adds barges to backlog

Morgan City, La. headquartered shipbuilder Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today announced the signing of new contracts and sale of stock barges, bringing its estimated current backlog to approximately $92.8

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Bourbon changes management structure

Paris-headquartered offshore services giant Bourbon has separated the functions of Chairman of the Board of Directors and Chief Executive Officer. Jacques de Chateauvieux will continue to chair the Board of Directors but

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Somali pirates hijack Algerian vessel

Somali pirate activity continues at a high level. The New Year opened with the hijacking on the afternoon of January 1 2011 of the MV Blida. approximately 150 nautical miles South East

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Diamond Offshore orders drillship at Hyundai Heavy

January has opened well for the world’s largest shipbuilder. After delivering its first ship of the year, Korea’s Hyundai Heavy Industries (HHI) announced it had booked a $520 million order from a

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Great Lakes Dredge scoops up Matteson for $45 million

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the U.S has acquired the assets of L.W. Matteson, Inc., a maintenance dredging, environmental dredging and levee construction

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DryShips unit takes delivery of drillship

George Economou, Chairman and CEO of DryShips Inc. (NASDAQ: DRYS) was enthusiastic about the prospects for the deepwater market today as the company reported that its 78  percent owned subsidiary Ocean Rig