Harvey Gulf books long term contracts, grows fleet

MAY 18, 2017 – New Orleans, LA, headquartered Harvey Gulf International Marine is bucking trends that see other vessel operators stacking vessels and reducing fleet size. It reports that it has signed

New Damen design is aimed at marine renewables sector

MAY 17, 2017 — Damen Shipyards has launched the first of a new type of vessel — Renewables Service Vessel (RSV) 3315, a new type, which has been developed in close cooperation

GulfMark Offshore to file for Chapter 11

MAY 17, 2017 — GulfMark Offshore, Inc. (OTCPink:GLFM) says it will file a voluntary chapter 11 bankruptcy filing of the on or before May 21, 2017. The company said yesterday that it

Legislators seek offshore wind tax credits

MAY 15, 2017 — Senators Edward J. Markey (D-Mass.), Sheldon Whitehouse (D-R.I.) and Congressman Jim Langevin (RI-02) have reintroduced legislation intended to spur the growth of offshore wind energy in the United

Maryland gives offshore wind a boost

MAY 12, 2017—Offshore wind on the U.S. East Coast got a big boost yesterday when the Maryland Public Service Commission (MPSC) awarded offshore wind renewable energy credits (ORECs) to two projects to

U.K. Chamber of Shipping applauds CPB Jones Act U turn

MAY 12, 2017 — The U.S. domestic maritime industry may be outraged by the U turn made by U.S. Customs and Border Protection on closing Jones Act loopholes, but the U.K. Chamber

Tidewater to file for Chapter 11 bankruptcy

MAY 12, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) plans to file for Chapter 11 bankruptcy protection by May 17. The company said today that it has entered into an

U.S. maritime groups slam CBP U turn on Jones Act letters

MAY 11, 2017 — The Shipbuilders Council of America today joined the Offshore Marine Services Association (OMSA) and the American Maritime Partnership (AMP) in responding the announcement by U.S. Customs and Border

CBP does a U turn on Jones Act letter revocations

MAY 10, 2017 — U.S. Customs and Border Protection has withdrawn a January 18 revocation notice that was widely welcomed by the U.S. domestic marine industry as promising to restore American jobs

OSV fleet’s DCF value is 2.5 times its market value

MAY 8, 2017 — The global OSV fleet’s Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue

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