Maersk Line CEO says container shipping needs to change
Maersk Line CEO, Eivind Kolding has a message for the container shipping and logistics industry: If container shipping is to secure its license to operate in the future, the industry needs to
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ABS announces sweeping management changes
A sweeping series of management appointments at ABS, effective July 1, will position a new generation of executives that, says, the classification society “will help define the role and scope of class
Rowan sells LeTourneau for $1.1 billion cash
Rowan Companies, Inc. (NYSE: RDC) announced today that it has entered into a share purchase agreement with Joy Global, Inc. , a worldwide leader in high-productivity mining solutions, to sell all shares
STX OSV reports strong first quarter
Singapore-listed, Norwegian headquartered shipbuilder STX OSV Holdings Limited announced results for the first quarter ended March 31, 2011 that included an increase of 21percent in operating revenue to NOK 3,192 million. EBITDA
First Coast Guard FRC launched at Bollinger Lockport
Bollinger Shipyards, Inc. has launched the first-in-class USCG “Sentinel” Fast Response Cutter (FRC), Bernard C. Webber from its Lockport, La., facility. “We are pleased to announce the successful launch of the lead
Pirates release ship but keep seven crew members hostage
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,
New call to open up ferry services to Cuba
A company that is “ready and willing” to offer ferry service to Cuba is protesting the preferential treatment being given air carriers in carrying U.S. passengers to Cuba. At present no ferry
Maritime Cabotage Task Force now American Maritime Partnership
American Maritime Partnership (AMP) is the new name for the Maritime Cabotage Task Force. It says that the new name “better reflects the coalition’s focus on the domestic maritime industry’s role in
Berlian Laju Tanker gets bank commitments for $685 million term facility
Indonesia’s PT Berlian Laju Tanker Tbk , whose subsidiaries include Southport, Conn., headquartered Chembulk Tankers, says it has secured commitments from six leading commercial banks to provide $685 million in a new
Maersk Drilling orders two next-generation jack-up rigs
Maersk Drilling has signed a contract with Keppel FELS Ltd in Singapore for the construction of two ultra harsh environment, high capacity jack-up drilling rigs. The first rig is scheduled for delivery