Tanker giant Overseas Shipholding Group, Inc. (NYSE:OSG) reported a loss for the first quarter of FY 2011, ended March 31, 2011, of $34.6 million, or $1.15 per diluted share, compared with a
Waller Marine, Inc., Houston, Tex., recently announced the successful installation of two floating power generation barges into a prepared basin at Tacoa, Venezuela. The two 171 MW barges, each supporting a GE
Deltamarin and Wärtsilä have developed a series of new IMC (Integrated Modular Customized) ferry designs that will undergo extensive model testing. The aim is to achieve considerable cost savings, both in building
Leading French ferry operator, Brittany Ferries, and shipbuilder, STX France, are embarking on a joint project to develop a new generation of environmentally-friendly passenger ferries. Powered by dual fuel engines that will
Signet Maritime Corporation is the first ASD tug owner to install Cat C175 ACERT 16-cylinder main propulsion diesel engines. Rated at 3,417 BHP each, the engines are being installed in two support/escort
Classification society Bureau Veritas and COPPE/UFRJ, the ocean engineering department of Brazil’s Universidade Federal do Rio de Janeiro, are to set up a joint development center. The move is intended to speed
Secretary of the Navy Ray Mabus has lost none of his enthusiasm for alternative fuels, despite publication of a Rand Corporation study that sees no military benefits in switching to new fuels.
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
Kenneth Hvid, has been appointed Executive VP and Chief Strategy Officer at Teekay Corporation (NYSE:TK ), effective April 1. He will be located in Vancouver, Canada and will be succeeding Peter Evensen,
Drydocks World Dubai has been awarded a $13 million FPSO (floating production storage and offloading) conversion contract by BW Offshore. The vessel involved, the BW Carmen, which has been renamed BW Athena,
