Classification society ABS has released a Guide for Building and Classing Offshore Wind Turbine Installations. It is the first Guide to address design considerations for the bottom founded support structure of an
On December 24, the President of the Russian Federation Dmitry Medvedev, put on his Santa hat and beard, as it were, and called President of the French Republic Nicolas Sarkozy to tell
Tis the season when Korean shipbuilders announce sales targets, providing as good a measure as any of world shipbuilding industry optimism. Daewoo Shipbuilding and Marine Engineering Co. said Monday that it is
Somali pirate activity continues at a high level. EU NAVFOR reports that in the early hours of December 25, the MV THOR NEXUS was pirated approximately 450 nautical miles northeast of the
Norway’s Volstad Maritime has ordered a Skipsteknisk ST-259 CD design offshore construction vessel at Bergen Group Fosen. The order is worth around NOK 725 million and includes an option for a second
Keppel AmFELS Inc.,, Brownsville, Texas, , has delivered the third of four EXL jack-up rigs to a subsidiary of Rowan Companies, Inc. ahead of schedule and within budget. The jack-up was christened
Todd Shipyards Corporation (NYSE:TOD) and Vigor Industrial LLC have entered into a definitive agreement under which Vigor will acquire the stock of Todd for $22.27 per share, or approximately $130 million. The
Diana Shipping currently owns approximately 55 percent of Diana Containerships issued and outstanding common stock. Diana Shipping will distribute 2,667,066 shares of common stock of Diana Containerships, or 80 percent of Diana
U.S. Treasury sanctions are making it harder for Islamic Republic of Iran Shipping Lines (IRISL) to get P&I cover. Yesterday, the Treasury designated Moallem Insurance Company under Executive Order 13382, an authority
The jack-up ordering spree continues. Singapore’s Keppel FELS Limited has secured its fourth order for a KFELS B Class jack-up within the span of a month. Worth about US$180 million, the order
