JUNE 21, 2012 — Paris-headquartered offshore marine services giant Bourbon has secured EUR 420 million in new financing to support its growth and finance its investment program for new vessels. The financing
JUNE 21, 2012 — Polarcus Limited (OSE: PLCS) reports that Polarcus Adira AS, a member of the Polarcus Group, took delivery June 21, 2012, of Polarcus Adira, the eighth 3D seismic vessel
JUNE 21, 2012 — Island Offshore, in which the Chouest and Ulstein families are partners, took delivery of the platform supply vessel MV Island Crusader from STX OSV’s Brevik, Norway, shipyard. The
Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) reports that Janice Smith has been promoted to Senior Vice President of OSG. In addition to her promotion, Ms. Smith will assume responsibility for
In conjunction with prime contractor BAE Systems Southeast Shipyards Alabama, Austal USA, has completed a four month drydocking and shipyard availability for the Sea Fighter (FSF-1). The Panama City, Fla., based Sea
The BBC reports that the captain of a vessel involved in a collision with a Stenaline ferry at the mouth of Belfast Lough will appear in court on Friday on a charge
Alcoa (NYSE:AA) reports that it has won a $2.1 million U.S. Navy contract to develop advanced welding techniques designed to reduce manufacturing costs on aluminum-intensive ships. Under the program, developed through a
U.S.-flag containership operator Horizon Lines, Inc., (OTCQB: HRZL) has issued an update on its efforts to mitigate environmental impact from shipping operations and intermodal transport. “Ensuring sustained environmental protection has always been
“The market upturn in 2011 has resulted in early signs of an improvement in Bourbon’s performance and results,” said Christian Lefèvre, Chief Executive Officer of Bourbon announced, reporting the Paris-headquartered offshore giant’s
Wärtsilä has launched a new medium voltage power drive. The product will enable the delivery of electro and automation systems for large, electric propulsion vessels, such as drilling rigs and tankers, large