FMT orders another towboat at Eastern Shipbuilding

AUGUST 12, 2014—The long-standing relationship between Florida Marine Transporters, Inc., Mandeville, LA, and Eastern Shipbuilding Group, Panama City, FL,  keeps growing. FMT, Mandeville, LA, recently exercised an option for a 90 ft

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BAE Systems awarded contract for U.K. OPV trio

AUGUST 12, 2014 — BAE Systems reports that it has been been awarded a £348 million (about $584 million) contract by the U.K. Ministry of Defence to construct three new Offshore Patrol

Gulf Island wins order from Arena Offshore

AUGUST 12, 2014 — Gulf Island Fabrication, Inc. (NASDAQ: GIFI) reports that, through its subsidiary Gulf Island L.L.C., it has received an award letter from Arena Offshore, LP for the fabrication of

MTU unveils EPA Tier 3 yacht engine

AUGUST 12, 2014 — An advanced MTU Series 2000 M96 yacht engine which meets U.S. EPA Tier 3 emissions standards (for leisure craft) will be on view for the first time at

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Captain Robert Johnston retires from OSG

AUGUST 12, 2014 — Last week’s news from Overseas Shipholding Group, Inc. (OTC:OSGIQ) was that it had emerged from Chapter 11 bankruptcy. This week’s is that President and CEO Captain Robert Johnston

Bhagwan Marine takes delivery of ASD tug

AUGUST 11, 2014 — Geraldton, Western Australia, headquartered  Bhagwan Marine recently took delivery of a new Damen ASD 2310 tug, Bhagwan Pride, just two months after contract signing. The tug will kick

Offshore rig activity rises in U.S.

AUGUST 11, 2014—As of August 8, there were 60 rigs operating in the U.S. Gulf of Mexico, up five from the same period one year ago, according to Baker Hughes rotary rig