Author: Administrator

Business as usual at Port of New Orleans

The Port of New Orleans continues to conduct business as usual and new forecasts since the opening of the Morganza Floodway Saturday indicate river levels in New Orleans are expected to remain

Maritime industry makes its voice heard on Capitol Hill

Hundreds of U.S. maritime industry representatives have visited Capitol Hill to highlight the critical role the industry plays in boosting America’s economic, national and homeland security. Three events this spring –the Shipbuilders

Rowan sells LeTourneau for $1.1 billion cash

Rowan Companies, Inc. (NYSE: RDC) announced today that it has entered into a share purchase agreement with Joy Global, Inc. , a worldwide leader in high-productivity mining solutions, to sell all shares

Keppel FELS books $772 million jack-up order

Singapore’s Keppel FELS says that returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled

Bureau Veritas sees new pressures for operational efficiency

Paris-headquartered classification society Bureau Veritas says continuing pressure on environmental emissions, coupled with rising oil prices, puts a new focus on operational efficiency. Writing in the Bureau Veritas Marine Business Review 2011,

House reverses Gulf drilling moratorium

House Energy and Commerce Committee Chairman Fred Upton (R-MI) applauded recent congressional and judicial efforts to increase offshore energy production. On May 11, the House passed H.R. 1229, Putting the Gulf of

Olympic Shipping orders third MT 6015 at Kleven

Olympic Shipping AS has ordered a third MT 6015 multipurpose platform supply vessel at Kleven Maritime at a value of 380 million NOK.The contract takes Kleven Maritime’s order reserve to 10 vessels