Russia’s United Shipbuilding gets $1 billion order for Sovcomflot seismic ships

 25, 2012 — Russia’s RIA Novosti reported Friday that United Shipbuilding Company (OSC) is to build four seismic ships for Sovcomflot. The news agency reported OSC Deputy General Director Roman Trotsenko as

Kirby lowers earnings guidance

JUNE 22, 2012 – Tank barge giant Kirby Corporation (NYSE: KEX) announced today that it expects 2012 second quarter net earnings to be in the $.80 to $.85 per share range, below

Arison sees start of “resurgence in consumer demand” for Costa

JUNE 22, 2012 – Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) revenues continue to be impacted by the Costa Concordia tragedy, but this is being partly offset by improved yields from

Ship demolition prices plummet says Braemar Seascope Research Director

JUNE 22, 2012 —Mark Williams, Research Director of Braemar Seascope, says that demolition prices for elderly ships have fallen by a quarter so far this year and shipowners he encourages shipowners to

FSG to build new design RoPax ferry for Caledonian Maritime Assets

JUNE 22, 2012 — German shipbuilder Flensburger Schiffbau-Gesellschaft mbH & Co. KG (FSG) has booked its second newbuilding order this month. The new contract comes from Scotland’s  Caledonian Maritime Assets Limited (CMAL)

Chevron contracts a third Pacific Drilling deepwater drillship

JUNE 22, 2012 — Pacific Drilling S.A. (NYSE: PACD) reports that its ultra-deepwater drillship Pacific Sharav has been awarded a five-year contract by Chevron U.S.A. Inc. for operations in the U.S. Gulf

Somali piracy cost 35 hostage lives last year

JUNE 22, 2012 — Last year, at least 3,863 seafarers were fired upon by Somali pirates armed with assault rifles and rocket propelled grenades according to an updated report on the impact

American P&I Club reports “steady progress”

JUNE 22, 2012 — At its annual meeting in New York yesterday, the American P&I Club reported “steady progress” during 2011, and into the first half of 2012 Entered tonnage grew last

W&O expands its Canada presence

JUNE 21, 2012 —W&O, a leading supplier of marine valves, pipe, fittings and related products, is positioning itself to support Canada’s national shipbuilding procurement strategy. In line with that strategy, Canadian shipyards

Concordia Maritime orders two 50,000 dwt chemical parcel tankers from Chinese shipyard

JUNE 21, 2012 — Hans Norén, President of Gothenburg, Sweden, based Concordia Maritime, says that “the timing as regards shipbuilding is right,” as the company reports the signing of a contract with

LOAD MORE