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MAN Diesel & Turbo to power Sanco seismic ship

The seismic ship on order for  Sanco Shipping AS at Kleven Maritime’s Myklebust shipyard in southern Norway (see earlier story) is to be powered by four MAN 8L32/40 engines. Designed by Skipsteknisk

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Rand Logistics reports increased revenue

Great Lakes bulk carrier operator Rand Logistics, Inc. (Nasdaq:RLOG) today reported results for its FY 2012 first quarter ended June 30, 2011. Marine freight revenue (excluding fuel and other surcharges, and outside

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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,

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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

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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. 

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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