Vietnamese state controlled media report that Pham Thanh Binh, 59, former chairman of the Vietnam Shipbuilding Industry Corporation (Vinashin), has been sentenced to 20 years in prison for “intentionally violating economic management
Corvus Energy’s battery packs, the world’s most powerful and energy dense lithium polymer batteries, were recently installed in Europe’s first hybrid tugboat. In a diesel-to-hybrid conversion, Kotug of The Netherlands has converted
An electrical fire on a Coast Guard cutter in Wilmington, N.C., has delayed its departure for a multi-mission patrol to the Caribbean. While preparing to leave at approximately 9 a.m.,Thursday, the Coast
STX OSV Holdings Limited has secured new contracts for the construction of two Multifunctional Deep Water Anchor Handling/Offshore Service vessels for Farstad Shipping. The total value of the contracts amounts to approximately
Resolve Marine Group, Inc. and its Resolve Salvage & Fire (Asia) Pte Ltd. subsidiary report that wreck removal operations at Kankesanthurai (KKS) Harbor in northern Sri Lanka have been completed. Retained by
Polarcus Limited (OAX: PLCS) reports that Polarcus Amani AS, a member of the Polarcus Group, has taken delivery of Polarcus Amani, the seventh 3D seismic vessel to date to join the Polarcus
Rolls-Royce reports that it has won a £24 million order to design and equip four offshore service vessels which will be built by COSCO (Guangdong) Shipyard Co., Ltd in China. The Rolls-Royce
Dry bulk shipowner Diana Shipping Inc. recently signed, through separate wholly-owned subsidiaries, two shipbuilding contracts with China Shipbuilding Trading Company, Limited and Jiangnan Shipyard (Group) Co., Ltd, for the construction of two
Coltec Industries Inc. and National Steel and Shipbuilding Company (NASSCO) have agreed to pay a civil penalty of $280,000 and spend approximately $500,000 on an environmental project to resolve alleged violations of
When a 190-meter bulker bent a propeller blade in early January, Antwerp, Belgium, based underwater repair specialist Hydrex was contacted, and rapidly mobilized a diver/technician team to Rotterdam to perform a detailed
