Wärtsilä and Deltamarin unveil IMC ferry designs

Deltamarin and Wärtsilä have developed a series of new IMC (Integrated Modular Customized) ferry designs that will undergo extensive model testing. The aim is to achieve considerable cost savings, both in building

Chinese shipbuilder adds to order back log

Singapore-listed Yangzijiang Shipbuilding (Holdings) Ltd reports that it entered into six  effective shipbuilding contracts  in the month of March 2011 with an aggregate contract value of US$214.2 million.  The new contracts  comprise

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Tidewater promotes three to VP positions

Offshore services giant Tidewater Inc. (NYSE:TDW) reports the promotions of Nelson Greer, Mark Handin and Darren Vorst to Vice Presidents of Tidewater companies, effective April 1, 2011. Mr. Greer joined Tidewater in

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Seadrill exercises drillship option at Samsung

Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung shipyard in South Korea. Total project price is estimated  at $600 million (including project management, drilling

Feds probe Hercules Offshore, Inc.

In an 8K filed yesterday, offshore drilling contractor Hercules Offshore, Inc. reports that on April 4, 2011, it received a subpoena issued by the Securities and Exchange Commission  “requesting the delivery of