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Austal to acquire Philippines shipyard

Austal says in an annual meeting presentation that it has signed an agreement to acquire a shipyard in the Philippines and expects to complete the acquisition in the current quarter. According to

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Rand Logistics buys U.S.-flag bulker and reflags it Canadian

Great Lakes bulker operator Rand Logistics, Inc. (Nasdaq:RLOG) says that its  Canadian operating subsidiary Lower Lakes Towing Ltd., Rand’s Canadian operating subsidiary, completed the previously announced acquisition of a U.S. flagged bulk

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GC Rieber subsea newbuild gets GoM contract

Norway’s GC Rieber Shipping has signed a two year contract with the Mexican company Oceanografia for its second subsea newbuild . The vessel, which will be named Polar Queen, has recently been

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Horizon Lines loses NYSE listing

U.S.-flag containership operator Horizon Lines, Inc. sats that its common stock will begin trading on the OTCQB marketplace. Investors will be able to view the Real Time Level II stock quote, which

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GulfMark Offshore reports third quarter results

GulfMark Offshore, Inc. (NYSE: GLF) reported net income of $14.2 million, or $0.54 per diluted share, on revenues of $103.8 million for the quarter ended September 30, 2011. Bruce Streeter, President and

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$119 million for sub work at Huntington Ingalls

The U.S. Navy recently awarded Huntington Ingalls Inc., Newport News, Va., a $118.98 million modification under a previously awarded contract (N00024-10-C-2102) for engineering, technical, design, configuration management, integrated logistics support, database management,