Tanker giant Overseas Shipholding Group, Inc. (NYSE:OSG) reported a loss for the first quarter of FY 2011, ended March 31, 2011, of $34.6 million, or $1.15 per diluted share, compared with a
Japanese classification society Nippon Kaiji Kyokai — ClassNK — has issued the world’s first type approval for corrosion resistant steel to the new NSGP-1 steel manufactured by Nippon Steel Corporation’s Oita Works.
U.S. Maritime Administrator David Matsuda announced on April 22 a $241 million Title XI shipbuilding loan guarantee that will clear the way for the Eastern Shipbuilding Group, Panama City, Fla., to build
Underwater ship repair and maintenance specialist Hydrex reports that last week a diver/technician team replaced three seals on a 180-meter tanker berthed in New York while concurrently cropping two of its propeller
Somali pirates have released a merchant ship on payment of a ransom, but have kept seven crew members hostage. The International Chamber of Shipping, ITF, Indian National Shipowners’ Association, NUSI, MUI, IMEC,
EMAS Production is set to take delivery of one of Vietnam’s largest Floating Production Storage and Offloading (FPSO) vessels from Singapore’s Keppel Shipyard Limited (Keppel Shipyard), on behalf of owner PV Keez
Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, according to the most recent global piracy report from the International Chamber of Commerce
Lloyd’s Register CEO Richard Sadler (left in picture) and ABS Chairman and CEO Robert D. Somerville (right) have signed an agreement that sees the two classification societies release jointly-developed software that will
Kristian Røkke has been appointed President and CEO of Aker Philadelphia Shipyard ASA (AKPS). As CEO, Mr. Røkke, who is the son of Aker ASA Chairman Kjell Inge Røkke, will “lead the
Almost a full year after the arrival of the FPSO BW Pioneer in U.S.waters, BOEMRE today gave the final approval needed for the unit to begin oil and natural gas production at
