Trailer Bridge unveils plan to exit Chapter 11
Trailer Bridge, Inc. (OTC: TRBRQ) today announced that it has reached an agreement with its major note holders and submitted a restructuring plan to the U.S Bankruptcy Court for the Middle District
IHC Offshore Systems in “hush hush” deal
Mr. W. van der Velde, Chief Technical Officer of Seaway Heavy Lifting and Mr. A.A .Kromhout, Managing Director of IHC Offshore Systems, were all smiles when they signed a recent “hush hush
Divers retrieve five more bodies from Costa Concordia
Five more bodies have been retrieved from the Costa Concordia, bringing the death toll in the tragedy to eleven. The bodies were discovered in the aft part of the vessel by Coast
Hercules liftboat engulfed in fire on adjacent rig
Hercules Offshore (NASDAQ: HERO) reports that the Mako, a 175ft class liftboat operating in Nigeria, was engulfed by a fire that originated on a third-party rig, the KS Endeavor, during the early
Carnival could face millions in punitive damages claims following Concordia grounding
Lewis S. “Mike” Eidson, partner in South Florida trial law firm Colson Hicks Eidson and former president of the American Association for Justice, the world’s largest association of trial lawyers, believes “punitive
Eitzen Chemical evaluates its options
Oslo-headquartered chemical tanker operator Eitzen Chemical ASA has commenced a process to evaluate its various options to ensure adequate, longer term financial strength and liquidity. The company, a leading carrier of petrochemical
OSHA cites Michigan shipyard for 32 safety and health violations
The U.S. Department of Labor’s Occupational Safety and Health Administration last week cited Basic Marine Inc., a shipyard and boat fabricating facility in Escanaba, Mich., for 32 violations of safety and health
Great Lakes Shipyard delivers work boat to Port of Milwaukee
Great Lakes Shipyard, Cleveland, Ohio, has completed construction of a 60-foot work boat for the Port of Milwaukee. The vessel sailed from Cleveland and was delivered to the port last week .
Chesapeake Shipbuilding adds another tug to order book
Chesapeake Shipbuilding Corp. of Salisbury, Md. reports that it signed another new contract on December 29, 2011 with Vane Brothers of Baltimore, MD, to build an eighth ocean going tug. This is
Balpure BWT chosen for oceangoing offshore barges
The Balpure ballast water treatment system from Severn Trent De Nora has been selected for use on two oceangoing heavy deck cargo barges being constructed for Norwegian-based Greenway Shipping by Dalian Shipyard,