IRISL P&I insurer sanctioned
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
Keppel FELS books another jack-up rig order
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
STX Finland to build LNG-fueled mega ferry
STX Finland Oy and Viking Line ABP have now firmed up an agreement announced in October covering construction of an environmentally friendly, new generation 2,800 passenger cruise ferry for Viking Line. The
Congress approves two-yard LCS acquisition
A year-end Congressional cliff-hanger ended with the Navy getting the authority it needs to go ahead with the acquisition of 20 littoral combat ships, 10 from each of the two competing teams.
Algoma Central orders lake freighters from Chinese shipbuilder
Canada’s Algoma Central Corporation has ordered four new dry bulk lake freighters from Nantong Mingde Heavy Industries, a shipyard located in the Yangtze Delta area of China. The contract includes options for
Noble orders two jack-ups at Jurong
Noble Corporation (NYSE: NE) has entered into an agreement for the construction of two high-specification heavy duty, harsh environment jack-up offshore drilling rigs with Sembcorp Marine’s subsidiary Jurong Shipyard in Singapore. The
Arison upbeat on Carnival Corporation 2011 outlook
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is looking forward to a strong wave season — its heaviest booking period — starting in early January. “Given the recent cold weather and
Incat Crowther utility cat nears delivery
Recently launched by Australian shipbuilder Richardson Devine Marine at its Hobart, Tasmania, shipyard, Strait Shooter is a 28 m Incat Crowther design utility catamaran built for Carpentaria Contracting. The vessel will be
Wilhelmsen Ships Service appoints Head of Environment
Underscoring its commitment to the environment, Wilhelmsen Ships Service is appointing a new Head of Environment, Thea Corwin. Ms. Corwin, who starts in her new job January 1, 2011, will be dedicated
Transpetro to rebid eight product tanker contracts
Petrobras transportation subsidiary Transpetro is to rebid eight 30,000 dwt product tankers. A new solicitation will go out by the end of this month after Transpetro could not conclude contracts awarded to