InterManager President Alastair Evitt says that any move by governments to ban the payment of ransoms to pirates would have a “massively detrimental effect on the risk to the world’s seafarers and
Wärtsilä has signed a five-year service agreement with U.S.-based Prestige Cruise Holdings, Inc., the parent company of Oceania Cruises and Regent Seven Seas Cruises. The long-term service agreement covers six vessels, a
Offshore services giant Tidewater Inc. (NYSE: TDW) reports “unexpected developments” in its negotiations with Angolan national oil company Sonangol on Sonatide, the joint venture with Sonangol in which Tidewater has a 49
With the Deepwater Horizon civil trial set to start on March 5, BP announced it had reached a $7.8 billion settlement with the Plaintiffs’ Steering Committee (PSC), subject to final written agreement,
Houston-headquartered offshore drilling contractor Rowan Companies, Inc. (NYSE: RDC) today announced a plan that would see the company’s legal domicile change from Delaware to the United Kingdom (U.K.). Rowan says that the
Low activity levels at its Henderson, Western Australia, shipyard pushed Austal Limited into a first half operating loss of Australian $ 6.3 million. That compared with a A$19.4 million profit for the
Covington, La., headquarted Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the fourth quarter ended December 31, 2011 that included soaring revenues, operating income and net income. The strong quarter, however,
International Paint has introduced Intersmooth 7465Si SPC and Interswift 6900Si silyl acrylate antifouling coatings. Aiming to improve and enhance customer choice, International says that it is the first and only global manufacturer
Siemens Industry, Inc. says that it has improved upon its popular Siship Blue Drive with the launch of its Blue(TM) Drive Plus C system, a new diesel electric propulsion system now available
ABB says that modifications to the design of its Azipod podded propulsion system have improved hydrodynamic efficiency by more than 2 percent The modifications include a newly optimized Azipod fin shape and
