Japan Drilling Company has placed its first newbuild offshore drilling rig order in six years. It has awarded Singapore’s Keppel FELS shipyard a contract worth about $210 million for a KFELS Super
Sanko Steamship and Hellespont Group have set up a manning and ship management joint venture to serve their offshore service vessel fleets.The Singapore-based JV company, Sanko-Hellespont Offshore Management Pte. Ltd. is owned
The Indian Navy has put a Somali pirates mother ship out of business and detained 61 pirate suspects.Here’s the Indian Navy version of what happened. On the night of 12th Mar 11,
Seaspan Corporation, the Washington family, Gerry Wang and Graham Porter are partnering with the Carlyle Group and Tiger Group Investments to acquire more than $5 billion of ships. The joint venture –
The devastating earthquake and tsunami have caused extensive damage to the ports in northeastern Japan. These ports include Kashima, Hitachinaka, Hitachi, Onahama, Soma, Sendai, Shiogama, Ishinomaki, Kesennuma, Ofunato, Kamashi, Miyako and Hachinohe,
Inland tank barge giant Kirby Corporation (NYSE:KEX) is going coastal. It has entered a definitive agreement that will see coastwise tank barge operator K-Sea Transportation Partners L.P. (NYSE:KSP) become a wholly-owned Kirby
A turbocharger specifically designed for small-bore, two stroke engines has completed an extensive test program on MAN Diesel & Turbo’s turbocharger test bed in Augsburg, Germany. The TCA44 completes MAN’s TCA turbocharger
A hearing on “Navy Shipbuilding Acquisition Programs and Budget Requirements” held March 9 by the House Subcommittee on Seapower and Projection Forces produced some interesting testimony. The good news to emerge for
The U.S. Coast Guard issued a Port Security Advisory for Libya today, suggesting security measures for ships to take when calling upon Libyan ports. Civil unrest in Libya has prompted U.S. government
U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) says it has entered into a credit agreement amendment with its lender group, effective March 9, 2011. The deal waives a default under the
