Offshore services giant Tidewater Inc. (NYSE: TDW) reports “unexpected developments” in its negotiations with Angolan national oil company Sonangol on Sonatide, the joint venture with Sonangol in which Tidewater has a 49
Mitsubishi Heavy Industries, Ltd. (MHI) has signed a joint-development agreement with Sinopacific Shipbuilding Group Co., Ltd. of China under which MHI will provide technological support to Sinopacific in the area of commercial
Seattle-based Saltchuk Resources, Inc., has promoted Anthony Chiarello, to president and CEO of TOTE, Inc., the largest of its six operating groups. Mr. Chiarello, who accepted the top leadership position at TOTE,
Singapore’s Ezra Holdings has raised nearly US$100 million in a private placement aimed at boosting its balance sheet in anticipation of increased demand for its subsea and offshore support services. Now, it
The Kobe Shipyard and Machinery Works of Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has launched its last commercial vessel. From now on the shipyard will focus on submarines under a reorganization plan
U.S. Senator Thad Cochran (R-Miss.) on Thursday sought an explanation as to why the budget request for the U.S. Coast Guard no longer recommends funding for National Security Cutters (NSCs) Nos. 7
In an Oslo Stock Exchange announcement today, Wilh. Wilhelmsen Holding ASA said before tax profits would take a $15 million hit as a result of a decision by its subsidiary Wilhelmsen Technical
The news that an ME-GI principle LNG-fired engine will be demonstrated next year by MOL and Mitsui Engineering and Shipbuilding Co. (see earlier story) is one of several indications of growing interest
Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the first of two Aframax tankers that it will build for
Mitsui O.S.K. Lines, Ltd. (MOL) is to temporarily convert the Mitsui Engineering & Shipbuilding Co.(MES) slow speed diesel of one of its newbuildings into a ME-GI (electronically-controlled gas injection) engine. The engine