Rand Logistics, Inc. (Nasdaq:RLOG) reports that it has acquired two Jones Act compliant, self-unloading integrated tug/barge units from KK Integrated Shipping (KKIS). The acquisition was structured with $35.5 million cash paid at
Back in November 2010, Seahawk Drilling, Inc. (Nasdaq: HAWK) said it was seeking “strategic alternative.” It said then that its liquidity and revenue generation had been hit by “the dramatic slow-down in
Brazilian shipyard Estaleiro Atlântico Sul (EAS) will build the first seven of a total of 28 new offshore drilling rigs required by Petrobras for its long-term drilling program, with priority given to
The U.S. Environmental Protection Agency (EPA) and U.S. Coast Guard (USCG) today signed a Memorandum of Understanding (MOU) outlining steps the agencies will take to better coordinate efforts to prevent illegal discharges
Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, announced today that it had secured two contracts totalling R$500 million (approx. S$381.4 million) for Floating Production storage
Fred. Olsen Windcarrier AS, Oslo, Norway, recently entered into a contract with Norwegian shipyard Båtservice Mandal AS for the construction of four crewboats for transport of service technicians to and from offshore
Will Royal Caribbean Cruises’ latest newbuildings incorporate solar power? That’s an intriguing question given that the Miami-based cruiseship operator recently signed a letter of intent (LOI) with Germany’s Meyer Werft to build
Maxum Marine recently hosted a christening ceremony at Pier 66, in the Port of Seattle, Washington, for its new barge, Global Seattle. Maxum Marine, a division of Maxum Petroleum, provides marine gas
General Dynamics Electric Boat has been awarded a $60 million U.S. Navy contract modification that funds continued design efforts to make Virginia-class submarines more affordable. Electric Boat is a wholly owned subsidiary
Norway’s Eidesvik Offshore ASA has placed a newbuilding contract worth over NOK 800 million(about $138 million) with Ulstein Verft AS. It covers the construction of a 165 m offshore IMR/ construction vessel