“Prospects for increasing utilization rates and daily rates are set fair for the fourth quarter in deep and shallow water offshore” says Christian Lefèvre, Chief Executive Officer of Paris-headquartered offshore services giant
Federal, state and Bay-area officials yesterday announced a comprehensive civil settlement with the owners and operators of M/V Cosco Busan, resolving all natural resource damages, penalties and response costs that resulted from
BOEMRE Director Michael R. Bromwich has announced several key appointments to high-level positions in the two new, independent agencies that will carry out the offshore energy management and enforcement functions currently under
Wärtsilä has been awarded the contract to supply the main engines for a series of 25 tankers being built for Volga Shipping Co., Russia’s oldest shipping company. Fifteen of the ships are
Unless the Netherlands government removes legal impediments to the use of armed private security contractors on Dutch ships, heavy lift shipping specialist Dockwise may be forced to switch its vessels from the
The future of Germany’s Beluga Shipping Group is now largely in the hands of insolvency attorney Edgar Grönda of the law firm Schultze & Braun. Beluga Chartering GmbH filed for insolvency in
The ITF (International Transport Workers’ Federation) is now recommending the carrying of military guards on ships, and is recognizing the use of private armed guards, subject to certain conditions. However, it reaffirmed
Maersk Alabama pirate Abduwali Muse has been sentenced to 405 months in prison for his role in the April 2009 hijacking and hostage taking and in the earlier hijackings of two other
Wärtsilä’s Board of Directors has appointed Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on September 1, succeeding Ole Johansson,
With 90 percent of pirates captured by navies being released because nobody will put them on trial, Jack Lang, the United Nations special envoy on maritime piracy off the coast of Somalia
