BC Ferries CEO announces cost cutting plan and opts for early retirement
BC Ferries President and CEO David L. Hahn this week announced plans for a major cost containment effort – and said that, as part of it, he had “elected to retire effective
Teekay to acquire three FPSO’s from Sevan and take stake in company
Teekay Corporation (NYSE: TK) today announced has reached an agreement in principle to acquire three floating production storage and offloading (FPSO) units from Norway’s Sevan Marine ASA , a developer, owner and
Armed guards open fire, pirates back off
GAC Protective Solutions says that a maritime security alert has been issued after an aborted pirate attack was reported around 500 NM east of Socotra on September 29, 2011. The vessel, a
Special Operations Command awards CCM Mk I contracts
Oregon Iron Works, Inc., Clackamas, Oregon (H9222-11-D-0080), and United States Marine, Inc., Gulfport, Miss. (H92222-11-D-0079), are each being awarded an indefinite-delivery/indefinite-quantity contract with a maximum order limitation of $400,000,000 and issued concurrent
BOEMRE announces regulatory authorities for new agencies
BOEMRE Director Michael R. Bromwich says “a critical step” has been taken in reorganization of the former Minerals Management Service (MMS). A final rule becomes effective October 1, 2011 that separates the
SBM Offshore in Brazil FPSO yard partnership
SBM Offshore has signed an agreement with Naval Ventures Corp. (a unit of entrepreneur Germán Efromovich’s Rio-headquartered Synergy Group). The agreement will see the two companies cooperate and work together through one
STX Marine promotes Mike Carroll to VP Operations
Consulting naval architecture and marine engineering company STX Marine Inc. has promoted Mike Carroll to the position of Vice President – Operations for its Houston office. Mr. Carroll has been with the
Keppel Shipyard secures three more conversion contracts
Singapore’s Keppel Shipyard has secured three conversion contracts worth a total of Singapore $142 million (about US $110 million). The contracts cover conversion of a Liquefied Natural Gas (LNG) Carrier to a
Swiber Holdings order book soars past $1 billion mark
Singapore’s Swiber Holdings Limited has secured recent contract wins amounting to approximately US$69.0 million including extension options, taking its order book to over US$1 billion, the highest by far in its corporate
AOD to increase water depth capability of newbuild jack-ups
Asia Offshore Drilling Limited (AOD), which has three KFELS Mod V - B Class jack-up rigs under construction at the Keppel FELS shipyard in Singapore, has decided to increase the water depth