Contractor takes to river to beat London traffic
Walsh & Sons, a U.K. construction and recycling company with a fleet of 60 trucks, is planning to beat road congestion by switching to river transportation. Last week, as part of that
Vantage Drilling to add DSME newbuild drillship to fleet
Houston-headquartered Vantage Drilling Company (NYSE Amex: VTG) reports that it has signed a definitive agreement with Valencia Drilling Company to acquire the rights and obligations under the construction contract for the ultra-deepwater
CLIA seeks greater transparency on casualty reporting
Cruise Lines International Association (CLIA) is recommending enhancements to regulations about the reporting of casualties at sea. Specifically, CLIA is recommending that the International Maritime Organization (IMO) expressly and more clearly require
Hapag-Lloyd reports $38 million loss for 2011
Container shipping giant Hapag-Lloyd turned in a net loss of €28.8 million (about $38 million) in 2011. According to the consolidated financial statements approved today by the Supervisory Board, Hapag-Lloyd increased its
Hercules Offshore to acquire jack-up from Diamond Offshore
Hercules Offshore, Inc. (Nasdaq: HERO) reports the execution of a definitive agreement to acquire the offshore drilling rig Ocean Columbia from a subsidiary of Diamond Offshore Drilling, Inc. (NYSE: DO – News).
CARB has funds to guarantee loans for vessel emission reduction
The California Air Resources Board has received $5 million in American Recovery and Reinvestment Act Funds to help clean up a variety of boats and vessels that operate in California’s ports and
American Club warns of USCG crackdown on MARPOL compliance
The U.S. Coast Guard is tightening its vigilance on ships that may infringe MARPOL regulations, the American P&I Club has warned its members. The club’s managers warn that there has been a
Dockwise books contracts worth $57 million
Heavy lift specialist Dockwise Ltd. reports that it has received six new contract awards, totaling $57 million, for execution in the first half of 2012 and in 2015. The wins include a
InterManager President opposes ban on ransom payments to pirates
InterManager President Alastair Evitt says that any move by governments to ban the payment of ransoms to pirates would have a “massively detrimental effect on the risk to the world’s seafarers and
LaHood announces Small Shipyard Grant recipients
U.S. Transportation Secretary Ray LaHood today announced $9.98 million in grants to 15 small shipyards under the U.S Maritime Administration’s (MARAD) Small Shipyard Grants Program. “In cities and towns across America, shipyards