John Fredriksen controlled Hemen Holding Ltd. is giving more than $505 million in guarantees to restructure Frontline Ltd. in a solution that will see the world’s largest tanker company carved into two.
China Oilfield Services Limited (COSL) recently announced its wholly-owned subsidiary COSL Drilling Europe AS signed a contract with Yantai CIMC Raffles Shipyard Co. Ltd. to construct of a new deep-water semi-submersible platform.
BAE Systems Mayport, L.L.C., Jacksonville, FL, has been awarded a $13,456,971 firm-fixed-price contract for repair work aboard the USS Samuel B. Roberts (FFG 58). This contract is for the USS Samuel B. Roberts
Elliott Bay Design Group LLC (EBDG), Seattle, WA, is now an employee-owned company after its management and employees purchased the firm from its parent company, American Commercial Lines (ACL), Jeffersonville, IN. The
The Polar Sea, the heavy icebreaker that the U.S. Coast Guard plans to mothball, is in excellent condition and could be returned to active service in two years, giving the government a
German ship repair and conversion specialist Lloyd Werft, Bremerhaven, says a “winter rush” on its docks and berths is securing full employment for the shipyard as the year draws to a close.
The Port of Stockton, California has selected Savage Companies (Savage) to manage the M-580 Marine Highway Corridor between the Port of Stockton and Port of Oakland. The Port of Stockton and Savage
Naval architectural firm Robert Allan Ltd. of Vancouver, Canada, reports that Hong Kong’s Wang Tak Engineering & Shipbuilding last month delivered an Allan-designed RAnger 4600 Class fireboat, Guan Xiao Er Hao, to
Huntington Ingalls Industries (NYSE:HII) reports that its Ingalls Shipbuilding division has been awarded an advance procurement contract (APC) for work on the U.S. Navy’s third Zumwalt-class destroyer, DDG 1002. The contract is
Voith Turbo has expanded its presence on the Gulf Coast with the addition of a Marine Division Director based in Houston, which is a new position within the division. Kyle Durden will
