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