McDermott books Arabian Gulf EPCI contract

MARCH 6, 2014 — McDermott International, Inc. (NYSE: MDR) reports that a subsidiary has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf.

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German shipowner opts for DNV GL software

MARCH 6, 2014 — Bremen, Germany, headquartered shipowner Harren & Partner will implement the DNV GL business intelligence software systems ShipManager Analyzer and ShipManager QHSE for its entire fleet of 52 vessels,

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Paragon orders Kamsarmax trio

MARCH 6, 2014 —Athens headquartered Paragon Shipping Inc. (NASDAQ: PRGN) says it has signed shipbuilding contracts for three eco-design 81,800 Kamsarmax dry bulk carriers. They will be built at China’s Jiangsu Yangzijiang

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Administration seeks $658 million for Marad

MARCH 5, 2014 — There’s nothing much to cheer in the Administration’s FY 2015 budget request of $658 million for the U.S. Maritime Administration. The budget requests $148 million to support the