Cruise lines optimistic despite economy
For cruise lines, passenger bookings during the “wave season”—the first quarter of the year—are generally a good indicator on how well or how poor the year is going to be. A recent
Maritime Security Strategies gets $29 million FMS contract
Maritime Security Strategies, LLC, Tampa, Fla., is being awarded a $29,020,000 firm-fixed price contract to construct a 42-meter coastal security craft and provide associated equipment, material, training and technical services. This contract
Midgette promoted to rear admiral in Cleveland ceremony
The Coast Guard’s chief of staff of the Ninth Coast Guard District, was promoted today to the rank of rear admiral lower half in a ceremony in Cleveland, Ohio. Rear Adm. Fred
India sets out $36 billion maritime agenda
India’s Minister of Shipping Shri G.K. Vasan yesterday launched the Maritime Agenda 2010-2020. The plan calls for a total investment of 165,000 crores rupees (about $36 billion) in the sector over the
U.S. Treasury targets more IRISL front companies
The U.S. Department of the Treasury yesterday announced the designation of 24 shipping companies affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) and two entities that are subordinates of Iran’s
Two New England shipyards pay EPA penalties
The U.S. Environmental Protection Agency says that two New England shipyards, one in Massachusetts and one in Rhode Island, are to pay penalties to settle claims that they violated federal environmental laws.
Maersk Oil’s big investment in Brazil
A.P. Moller-Maersk A/S plans to increase its presence in the pre-salt Brazilian offshore market through a proposed $2.4 billion cash acquisition of SK do Brasil Ltda. A wholly owned subsidiary of A.P.
Bromwich: BOEMRE not moving the goalposts
BOEMRE Director Michael R. Bromwich today tried to allay offshore industry fears that his agency will soon change the rules of the permitting process significantly, thereby creating further uncertainty about what is
Teekay announces senior management appointments
Kenneth Hvid, has been appointed Executive VP and Chief Strategy Officer at Teekay Corporation (NYSE:TK ), effective April 1. He will be located in Vancouver, Canada and will be succeeding Peter Evensen,
Olympic exercises option for second OSV from Kleven
Olympic Shipping AS has exercised an option with Norway’s Kleven Maritime to build a second multi purpose field supply and construction vessel at the Kleven Verft shipyard in Ulsteinvik. Delivery is scheduled