STX OSV comments on rumors of sale
Both Singapore-listed STX OSV and its majority shareholder, Oslo-listed STX Europe, have moved to downplay media reports suggesting that a sale of the company is imminent — likely to either Keppel or
Damen set to deliver tugboat trio to Venezuela
Damen Shipyards will soon deliver three tugboats to INEA (Instituto Nacional de los Espacios Acuaticos, the Venezuelan Aquatic Authority). This repeat-order follows a previous order for two Damen Stan Tugs purchased by
LEEVAC companies consolidate under LEEVAC Shipyards LLC umbrella
Jennings, La., based LEEVAC Industries, LLC and sister company LEEVAC Shipbuilding and Repair Calcasieu have changed their names and have consolidated under a newly formed holding company LEEVAC Shipyards, LLC For the
Dick Bollinger passes away
Richard “Dick” N. Bollinger, President Emeritus of Bollinger Shipyards, Inc., Lockport, LA, has passed away. In a joint statement, Donald T. Bollinger, Chairman, President and CEO, Christopher B. Bollinger, Executive Vice President;
Trailer Bridge unveils plan to exit Chapter 11
Trailer Bridge, Inc. (OTC: TRBRQ) today announced that it has reached an agreement with its major note holders and submitted a restructuring plan to the U.S Bankruptcy Court for the Middle District
IHC Offshore Systems in “hush hush” deal
Mr. W. van der Velde, Chief Technical Officer of Seaway Heavy Lifting and Mr. A.A .Kromhout, Managing Director of IHC Offshore Systems, were all smiles when they signed a recent “hush hush
Divers retrieve five more bodies from Costa Concordia
Five more bodies have been retrieved from the Costa Concordia, bringing the death toll in the tragedy to eleven. The bodies were discovered in the aft part of the vessel by Coast
Hercules liftboat engulfed in fire on adjacent rig
Hercules Offshore (NASDAQ: HERO) reports that the Mako, a 175ft class liftboat operating in Nigeria, was engulfed by a fire that originated on a third-party rig, the KS Endeavor, during the early
Carnival could face millions in punitive damages claims following Concordia grounding
Lewis S. “Mike” Eidson, partner in South Florida trial law firm Colson Hicks Eidson and former president of the American Association for Justice, the world’s largest association of trial lawyers, believes “punitive
Eitzen Chemical evaluates its options
Oslo-headquartered chemical tanker operator Eitzen Chemical ASA has commenced a process to evaluate its various options to ensure adequate, longer term financial strength and liquidity. The company, a leading carrier of petrochemical