Transocean swoops on Aker Drilling
Offshore drilling giant Transocean has made an all-cash offer to acquire Aker Drilling ASA. It has already received commitments for 60 percent of the listed shares. Aker Drilling operates two harsh environment,
Prison term for former shipyard NDT inspector
Robert Raymond Ruks, 34, of Portsmouth, Va., was sentenced today to 37 months in prison, followed by a term of three years supervised release, for making false statements to Navy officials and
Trailer Bridge may seek bankruptcy protection if it can’t refinance
Jones Act carrier Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced unaudited financial results for its second quarter and six months ended June 30, 2011 that included net losses of $3.6
Huntington Ingalls makes environmental health and safety appointment
Jim Thornton has been appointed director of environmental health and safety strategy and regulatory affairs at the Newport News Shipbuilding (NNS) division of Huntington Ingalls Industries, Inc. (NYSE:HII). In this new role,
Island Offshore christens new offshore construction vessel
Norway’s Island Offshore recently christened the 120-meter-long offshore construction vessel, Island Intervention. Based on an Ulstein SX121 design the Island Intervention will carry out advanced operations in the Norwegian Sea this autumn.
Austal awarded contract for eight Australian Customs patrol boats
Austal has been awarded a contract for the design, construction and through-life support of eight new 57.8 m patrol boats for the Australian Customs and Border Protection Service. The approximate value of
Red ink at NOL
Container shipping and logistics giant Neptune Orient Lines (NOL) today reported a net loss of US$67 million for the first half of 2011 compared to a US$1 million net profit in the
Energy-saving PBCF now adopted for 2,000 ships
Mitsui O.S.K. Lines, Ltd. (MOL) reports that the energy-saving Propeller Boss Cap Fins (PBCF) device has now been ordered for 2,000 vessels worldwide. The PBCF breaks up the hub vortex generated behind
Davie Yards CEO headed back to Norway to join STX Norway
Gustav Johan Nydal is leaving his position as President and CEO of Quebec shipbuilder Davie Yards to return to Norway where he has been appointed Yard Director of STX Norway Florø AS.
Coast Guard publishes proposed towing vessel inspection rules
The U.S. Coast Guard published today in the Federal Register a notice of proposed rulemaking (NPRM) designed to improve safety on towing vessels. The rule could impact more than 5,100 vessels that