Transocean Ltd. (NYSE: RIG) reports that a subsidiary has been awarded five-year drilling contracts for two newbuild high-specification jack-up rigs for operations in Thailand for a subsidiary of Chevron Corporation (NYSE: CVX).
Todd Shipyards Corporation and Vigor Industrial Llc report the completion of the acquisition of Todd by Vigor’s wholly owned subsidiary, Nautical Miles, Inc. The acquisition was made based on an offer to
Secretary of Defense Robert Gates today unveiled the president’s fiscal year 2012 budget request for the Department of Defense. It includes a base budget request of $553 billion, and an overseas contingency
Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, announced today that it had secured two contracts totalling R$500 million (approx. S$381.4 million) for Floating Production storage
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,
Canadian prairie farmers will become owners of two ships that move their wheat on the Great Lakes, under an agreement reached today between the Canadian Wheat Board (CWB) and shipping companies Algoma
Athens-headquartered Costamare Inc. (NYSE:CMRE) has contracted with China’s Sungdong Shipbuilding & Marine Engineering Co., Ltd. for the construction and purchase of two newbuild containerships, each of about 9,000 TEU capacity. The two
Building on its success with a proven tug design,Washburn & Doughty Associcates, Inc., East Boothbay, Maine, has begun construction of a 93 ft, 6,000 hp Z-drive tug for the Moran Towing Corporation,
Houston based Atwood Oceanics, Inc.(NYSE: ATW) reports that its Atwood Oceanics Pacific Limited subsidiary has executed a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co., Ltd. to construct an ultra-deepwater
Northrop Grumman is moving ahead with plans to spin off its shipbuilding activities as Huntington Ingalls Industries Inc.The new enterprise will enter operations carrying a considerable burden of debt.That led the three
