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Northrop Grumman moving nearer shipbuilding spin-off

Northrop Grumman (NYSE:NOC) yesterday said that it continues to explore strategic alternatives for a potential separation of its Shipbuilding business. “While any final decision remains subject to board approval, the company currently

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Aker Drilling orders drillships at DSME, plans IPO

Aker Drilling Offshore Services Public Ltd., Cyprus, a wholly owned subsidiary of Aker Drilling ASA, has signed a letter of intent with Daewoo Shipbuilding and Marine Engineering in South Korea for the

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Korean forces kill pirates, free Samho Jewelry

South Korean special forces have retaken the Korean-owned, Maltese-flag product tanker MV SAMHO JEWELRY, which had been hijacked January 15 when 350 nautical miles southeast of the port of Muscat, Oman. Eight

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Todd gets mod to Coast Guard icebreaker overhaul contract

Todd Shipyards Corporation (NYSE:TOD) reports that the U.S. Coast Guard has awarded its  Todd Pacific Shipyards Corporation subsidiary a $4,883,691 modification to previously awarded contract HSCG85-11-C-P45631 in support of repairs and alterations

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Olympic orders another OSV at Kleven Maritime

Good news for Norway’s Myklebust Verft. Layoffs had been looming at the Kleven Maritime group shipyard. But now Olympic Shipping AS has awarded the yard an order for the delivery of an

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Atwood exercises jack-up option at PPL Shipyard

Sembcorp Marine subsidiary PPL Shipyard has signed another turnkey contract to build a jack-up rig with Atwood Oceanics Pacific, a wholly-owned subsidiary of Atwood Oceanics Inc. (NYSE ATW). Priced up to US$182