Donjon Marine wins Navy contract worth a potential $251 million

Donjon Marine Co., Inc., Hillside, N.J., is being awarded a $41,000,000 ceiling priced, indefinite-delivery/indefinite-quantity, cost-plus-award-fee contract for salvage, salvage-related towing, harbor clearance, ocean engineering and point-to-point towing services to support the Director

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Tidewater reports lower first quarter earnings

Offshore service vessel giant Tidewater Inc. (NYSE:TDW) today reported first quarter net earnings for the period ended June 30, 2011, of $24.6 million, or $0.48 per share, on revenues of $254.6 million.

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Converteam to supply IPS for Mobile Landing Platform ships

Converteam is to design and supply the complete electric power, propulsion and vessel automation system for the U.S. Navy’s Mobile Landing Platform (MLP) program. Shipbuilder General Dynamics NASSCO has commissioned Converteam to