Sea Star Line enters guilty plea in price fixing case
Sea Star Line LLC has agreed to plead guilty and to pay a $14.2 million criminal fine for its role in a conspiracy to fix prices in the coastal water freight transportation
Inland Salvage raises sunken coal barge
Inland Salvage Inc. salvage team members recently fought with high current Mississippi River conditions to refloat a sunken coal barge near Lake Providence, La. The barge was fully loaded and headed south
General Maritime files for Chapter 11 protection
Tanker operator General Maritime Corporation (NYSE: GMR) says it has filed for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of
HOS selects shipbuilders for massive newbuild program
Hornbeck Offshore Services, Inc. (NYSE: HOS) says it has executed definitive contracts for the construction of sixteen high-specification offshore supply vessels. Deliveries will take place between the second quarter of 2013 aand
Bahrain EDB and Rodriquez sign MOU
The Bahrain Economic Development Board (EDB) has signed a Memorandum of Understanding (MoU) with Italian shipbuilder Rodriquez Cantieri Navali to establish a manufacturing facility in Bahrain. Rodriquez specializes in the construction of
DNV to class world’s largest heavy lift vessel
Dockwise’s new heavy lift vessel, the Dockwise Vanguard, will be able to lift and transport units of up to 110,000 tonnes. The maximum capacity of an existing vessel is 75,000 tonnes. With
Wind farm installation vessel to have Voith Inline Thruster
An offshore wind farm jack-up vessel under construction in China for A2SEA of Denmark will have a Voith Inline Thruster, along with three Voith Schneider Propellers. With an inner propeller diameter of
Gibbs & Cox signs agreement with BAE Systems Ship Repair
Independent naval architectural and marine engineering firm Gibbs & Cox, Inc. has signed a Professional Services Agreement (PSA) with BAE Systems Ship Repair. It will allow any of the BAE Systems shipyards
Resolve refloats Puerto Rico dry dock
Resolve Marine Group, Inc. successfully refloated the Perseverance dry dock in San Juan, Puerto Rico on October 27. The dry dock sank on September 29 during maintenance/refit operations. During the sinking, the
HOS offering raises $241.5 million
Hornbeck Offshore Services, Inc. (NYSE: HOS) reports that its has closed its underwritten public offeringof 8,050,000 shares of its common stock at a price to the public of $30.00 per share, for