Offshore drilling contractors Seadrill Limited (NYSE & OSE: SDRL) and Aquadrill LLC have entered into a definitive merger agreement that will see Seadrill acquire Aquadrill in an all-stock transaction. On completion of
NAVSEA has awarded BAE Systems Jacksonville Ship Repair LLC, Jacksonville, Fla., a $119,261,837 firm-fixed-price contract action for maintenance, modernization, and repair of USS Lassen (DDG 82) fiscal 2023 Depot Modernization Period. The
Skudeneshavn, Norway, headquartered Solstad Offshore ASA (Solstad, OSE: SOFF) has received Letters of Award from various undisclosed subsea contractors for hire of the CSV Normand Maximus for execution of projects during 2023.
Galveston, Texas, headquartered Callan Marine Ltd. has been awarded a $13,845,450 firm-fixed-price contract for pipeline deep-draft dredging of the Houston Ship Channel. Bids were solicited via the internet with five received. Work
North Charleston, S.C.,based Detyens Shipyards Inc. has been awarded a $10,051,547 firm-fixed-price contract (N3220523C2142) for a 75-calendar day shipyard availability for the mid-term availability of Military Sealift Command’s fleet replenishment oiler USNS
The International Transport Workers’ Federation (ITF) reports that a Liberian-flagged livestock carrier, the Yangtze Fortune, has been arrested in Portland, Victoria, Australia, by the Australian Federal Court. In the meantime, the Australian
St. Catharines, Ontario, based Algoma Central Corporation (TSX: ALC), today announced that it has acquired two 18,894 dwt product tankers to join the Algoma Product Tankers fleet. Built in 2007, the sister
Huntington Ingalls Industries (NYSE: HII) reports that its Ingalls Shipbuilding division has started fabrication of the U.S. Navy’s newest amphibious assault ship Fallujah (LHA 9), signifying that the first 100 tons of
MSC Cruises has plans for a new homeport at the Port of Galveston, Texas. The cruise line is in negotiations with Galveston Wharves and both entities have signed a non-binding memorandum of
Some of the biggest charterers of ships, most of whom also own ships, have sharply criticized BIMCO’s Carbon Intensity Indicator (CII) operations clause. BIMCO’s standardized charters and clauses are one of the