SBM Offshore inks LOI for OSX FPSO
SBM Offshore has executed a Letter of Intent (LOI) with OSX 2 Leasing BV, an indirect subsidiary of OSX Brasil S.A. and part of Eike Batista’s EBX Group. SBM says the LOI
Conrad Industries books $75.2 million in new orders
Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today announced its fourth quarter and twelve months 2010 results and the addition of $75.2 million in new business during
Horizon Lines shareholders jump ship on bankruptcy fears
Shares in Jones Act containership operator Horizon Lines (NYSE:HRZ) plummeted today after it filed its 10K with the SEC. You can download the 10 K here. But here’s one example of what
Court grants Crowley restraining order in cargo inspection case
A U.S. District Court in San Juan issued a temporary restraining order on Friday in favor of Crowley Puerto Rico Services, Inc. The order prevents the Puerto Rico Ports Authority from beginning
Stirling Design takes a new look at sight-seeing vessels
French naval architect Stirling Design has unveiled a new design for a sight seeing vessel featuring a continuous open promenade deck and an upper panoramic lounge protected from the weather. The upper
Hyundai Heavy Industries unveils smart ship system
Hyundai Heavy Industries, the world’s largest shipbuilder, unveiled what it says is the world’s first remote monitoring and controlling smart ship system on March 25. The IT-based smart system has been developed
Navy takes out Libyan Coast Guard vessels
Libyan Coast Guard vessels have been “firing indiscriminately at merchant vessels” according to U.S. Africa Command. U.S. Navy aircraft and the destroyer USS Barry dealt with the problem. A report filed from
Buquebus revealed as customer for LNG fueled Incat
Late last year, Australian shipbuilder Incat Tasmania Pty Ltd announced that it had signed a contract to build what will be the first high speed passenger RO/RO to use LNG fuel. Now
Pirates hijack AMPTC tanker
The 105,846 dwt Arab Maritime Petroleum Transport Company tanker Zirku was hijacked by Somali pirates today. EU Navfor says the ship was pirated at approximately 0900 GMT, approximately 250 nautical miles southeast
Noble exercises option for two more jack-ups
Noble Corporation (NYSE:NE) has exercised two of its four options with Sembcorp Marine’s subsidiary Jurong Shipyard for the construction of additional high-specification heavy duty, harsh environment JU3000N jackup drilling rigs. This order