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Great Lakes Dredge scoops up Matteson for $45 million

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the U.S has acquired the assets of L.W. Matteson, Inc., a maintenance dredging, environmental dredging and levee construction

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DryShips unit takes delivery of drillship

George Economou, Chairman and CEO of DryShips Inc. (NASDAQ: DRYS) was enthusiastic about the prospects for the deepwater market today as the company reported that its 78  percent owned subsidiary Ocean Rig

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Guam floating dry dock self-submerges

Floating dry docks are supposed to submerge. But only when intended to. Guam Shipyard’s floating dry dock was being dewatered Monday after an unscheduled submersion after what shipyard President and CEO Mathews

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Freddie snaps up SeaDragon semis

John Fredriksen’s Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently

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HHI starts year by delivering VLOO to Nobu Su

The world’s largest shipbuilder, Korea’s Hyundai Heavy Industries, has kicked off the New Year by today delivering a 319,000 dwt VLOO (Very Large Ore Oil carrier) to Taiwan’s, TMT, whose owner and

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MAN Diesel & Turbo power for Chinese rescue ships

Two large rescue vessels being built for the Chinese Ministry of Transport will have complete twin-screw complete propulsion packages from MAN Diesel & Turbo based on its latest MAN L48/60CR engines, Renk

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Nissan introduces eco-friendly “bubble bow” PCC

Japan’s Kyokuyo Shipyard Corporation has delivered the 2,000 car capacity M.V. City of St. Petersburg to Nissan Motor Co. Ltd. The PCC (pure car carrier) has a semi-spherical shaped “bubble bow” said

Donjon Shipbuilding floats out tugboat

The Erie, Pa., shipyard of Donjon Shipbuilding and Repair has floated the 135-foot-long, 10,500-horsepower tugboat Ken Boothe Sr. into Presque Isle Bay. The vessel was moved from Donjon Shipbuilding’s 1,250-foot graving dock