Standard Drilling to sell two of six jack-ups under construction at Keppel FELS
JUNE 26, 2012 — Oslo Axcess listed SD Standard Drilling Plc has today entered into a final agreement for the sale of one of the six K-FELS class B jack-ups it has
Search Results for: operating costs
BC Ferries reports red ink and falling traffic
JUNE 18, 2012 — British Columbia Ferry Services Inc. (BC Ferries) has released its year-end results for fiscal 2012. The company reported a net loss of $16.5 million for the year ended
Castrol Marine launches 80 BN cylinder oil
JUNE 7, 2012 — “Any imbalance between cylinder oil feed rate, BN and power compromises engine efficiency,” says Paul Harrold, Marine and Energy Technology Manager, at specialized marine lubricant supplier Castrol Marine.
Ex-Im Bank reauthorization applauded by U.S.-flag operators, maritime unions
MAY 31, 2012 — USA Maritime has applauded President Obama’s signature of legislation to reauthorize the Export-Import Bank of the United States (Ex-Im) and increase its annual lending cap from $100 billion
LoBiondo voices concern about Coast Guard budget
MAY 18, 2012—U.S. Rep. Frank LoBiondo (R-NJ) recently voiced his concern about the sustainability of the U.S. Coast Guard’s acquisition program and its ability to maintain its fleet of ships and aircraft
Horizon Lines to drydock three ships in Asia
U.S.-flag containership operator Horizon Lines, Inc. (OTCQB: HRZL) has reported financial results for the fiscal first quarter ended March 25, 2012 and revealed that it will be drydocking three of its vessels
Damen Shiprepair Götaverken helps owners deal with upcoming emissions regulations
As shipowners cope with new regulatory limits on emissions, ship repairers are under pressure to keep the costs of installation of emission reduction equipment as low as possible for their clients. Damen
European ECO2 inland waterway vessel to be LNG-fueled
Wärtsilä is to supply a complete power system, including two 6-cylinder Wärtsilä 20DF dual-fuel medium-speed engines, for a new dry cargo inland waterway vessel. This will be the first ever medium speed
GE Marine offers hybrid electric systems based on LM gas turbines
GE Marine is offering military and commercial marine customers hybrid electric systems based on its LM aeroderivative gas turbines, motors and drives, to help reduce noise and improve fuel economy. Hybrid electric
Hornbeck Offshore reports first quarter results
Covington, LA-based Hornbeck Offshore Services, Inc. (NYSE:HOS) reports results for the first quarter ended March 31, 2012 that included an increase in revenues of 66.0 percent to $120.0 million compared to $72.3