Eidesvik doubles up on Kleven PSV order

Norway’s Eidesvik Offshore has exercised a NOK 440 million ($71.2 million) option to build a second LNG fueled PSV at Kleven Maritime. Scheduled for delivery from Kleven’s Ulsteinvik shipyard in 2012, the

Vinashin woes have ripple effect

Developing shipbuilding countries hoping to be “the next Korea,” or “the next China,” might consider the woes of troubled Vietnamese shipbuilder Vinashin — and their impact on the rest of the Vietnamese

Canadian ferry project makes progress

The Government of Newfoundland and Labrador is a step closer to taking delivery of two new medium-size ferry vessels. The 42 m vessels will each carry 16 cars and 80 passengers and

DryShips unit to drill offshore Falkland Islands

Argentina won’t be in George Economou’s vacation plans, most likely. DryShips Inc. (NASDAQ: DRYS) reports that its fully-owned subsidiary Ocean Rig UDW Inc has signed a contract with Borders & Southern Petroleum

Petrobras unseals bids for presalt rigs

Petrobras has opened the sealed bids submitted in a three part tender intended to lead to the construction, in Brazil, of 28 offshore drilling rigs required for development of the pre-salt zone.

Keppel FELS books jack-up order

Norwegian billionaire investor Øystein Stray Spetalen has joined the parade of those seeing opportunities ahead for newbuild jack-up rigs. Standard Drilling, a subsidiary of Mr. Spetalen’s Ferncliff TIH AS investment company, has