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Somali pirates hijack American yacht

NATO Operation Ocean Shield today said that at  1323 UTC  February 18,  a yacht was reported hijacked by pirates in position 18°00 N 061°02 E. The BBC quotes Ecoterra International as identifying

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New pressure for Davie Yards to come out of bankruptcy

Bankrupt Quebec shipbuilder Davie Yards has gotten another order from the Québec Superior Court extending the stay of proceedings against it under Canada’s Companies’ Creditors Arrangement Act (“CCAA”) until March 10, 2011.

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Judge to Salazar: Speed up deepwater permits

Judge Martin Feldman, of the U.S. District Court for the Eastern District of Louisiana, today ordered the administration to move quickly on permits for new deepwater oil wells in the Gulf of