Keppel FELS delivers one jack-up, books orders for more
Singapore’s Keppel FELS Limited has started the year with the delivery of one jack-up rig and an order for two more. The delivered rig was the Rowan Stavanger, the second of three
Investment in wave and tidal energy to jump
Investment in wave and tidal energy is expected to steeply increase over the next five years, according to U.K. energy business analysts Douglas-Westwood. A recent report released by Douglas-Westwood projects that $1.2
Stena Bulk bulks up in MR products tanker sector
Stena Bulk is bulking up in the MR segment (Medium Range product tankers of 50,000 dwt). It is acquiring 50 percent of the Danish shipping company Weco. The move doubles the Stena
Video shows retaking of Samho Jewelry from pirates
AP has released a video related to today’s daring rescue of the Samho Jewelry by South Korean special forces. January 21, 2011
Northrop Grumman moving nearer shipbuilding spin-off
Northrop Grumman (NYSE:NOC) yesterday said that it continues to explore strategic alternatives for a potential separation of its Shipbuilding business. “While any final decision remains subject to board approval, the company currently
Aker Drilling orders drillships at DSME, plans IPO
Aker Drilling Offshore Services Public Ltd., Cyprus, a wholly owned subsidiary of Aker Drilling ASA, has signed a letter of intent with Daewoo Shipbuilding and Marine Engineering in South Korea for the
Korean forces kill pirates, free Samho Jewelry
South Korean special forces have retaken the Korean-owned, Maltese-flag product tanker MV SAMHO JEWELRY, which had been hijacked January 15 when 350 nautical miles southeast of the port of Muscat, Oman. Eight
BAE Systems to provide guns for Lockheed Martin LCS
BAE Systems will provide the primary gun systems on ten U.S. Navy Littoral Combat Ships (LCS) to be built by the Lockheed Martin-led team. BAE Systems will equip the ten ships with
Todd gets mod to Coast Guard icebreaker overhaul contract
Todd Shipyards Corporation (NYSE:TOD) reports that the U.S. Coast Guard has awarded its Todd Pacific Shipyards Corporation subsidiary a $4,883,691 modification to previously awarded contract HSCG85-11-C-P45631 in support of repairs and alterations
Oceania Cruises takes delivery of newbuild from Fincantieri
Oceania Cruises yesterday officially took delivery of Marina, its first newbuild cruise ship. The handover took place at Fincantieri’s Sestri Ponente shipyard near Genoa, where a sister ship, Riviera, is currently under