Here’s a new take on alternative offshore energy: a submerged nuclear power plant. With nuclear power an increasingly attractive alternative to CO2-producing energy sources, France is seeking to be a leading player
Singapore’s Keppel FELS Limited has started the year with the delivery of one jack-up rig and an order for two more. The delivered rig was the Rowan Stavanger, the second of three
Aker Drilling Offshore Services Public Ltd., Cyprus, a wholly owned subsidiary of Aker Drilling ASA, has signed a letter of intent with Daewoo Shipbuilding and Marine Engineering in South Korea for the
Singapore’s Sembawang Shipyard, a unit of Sembcorp Marine, has received a S$123 million (US$95.5 million) contract from Teekay Shipping (Australia) Pty Ltd for the Engineering, Procurement, Construction and Commissioning (EPCC) of a
Failure of the vessel’s Kort nozzle struts may have led to the March 23, 2008, sinking of the fish-processing vessel Alaska Ranger and the subsequent loss of five of the 47 people
General Dynamics Electric Boat plans a $40-million expansion at its Quonset Point, R.I. facility and the addition of 400 jobs at the plant. Electric Boat President John P. Casey gave the news
Secretary of Defense Robert M. Gates announced today a series of what the Pentagon calls “efficiencies decisions” designed to save the Department of Defense more than $150 billion over the next five
Paris-headquartered offshore services giant Bourbon has separated the functions of Chairman of the Board of Directors and Chief Executive Officer. Jacques de Chateauvieux will continue to chair the Board of Directors but
Japan’s Kyokuyo Shipyard Corporation has delivered the 2,000 car capacity M.V. City of St. Petersburg to Nissan Motor Co. Ltd. The PCC (pure car carrier) has a semi-spherical shaped “bubble bow” said
U.S. Treasury sanctions are making it harder for Islamic Republic of Iran Shipping Lines (IRISL) to get P&I cover. Yesterday, the Treasury designated Moallem Insurance Company under Executive Order 13382, an authority
