“The year has started rather well with order intake increasing by 13 percent,” says Wärtsilä Corporation President and CEO Björn Rosengren, commenting on the company’s first quarter performance. “Our profitability was 10.1
Two weeks after its acquisition by Damen Shipyards, the former Sobrena shipyard in Brest, France, (now Damen Shiprepair Brest) has booked its first order. Bourbon Offshore Surf’s Anchor Handling Tug Supply vessel
Teekay Corporation (NYSE:TK) is to sell 13 of its 17 directly-owned conventional tanker to its publicly-traded subsidiary, Teekay Tankers Ltd. (NYSE:TNK) for $455 million. The sale includes the ship’s related time-charter contracts,
Within days of the launch of its newbuild 50,000 dwt semi-submersible vessel, Finesse, Rotterdam headquartered Fairstar Heavy Transport N.V. reports that sister ship Forte has departed the quayside at Guangzhou Shipyard International
Two Hamburg, Germany, based companies have come up with an alternative to plugging into shoreside power as a way to cut ships’ emissions while in port. The Eckelmann Group, a specialist in
The news that an ME-GI principle LNG-fired engine will be demonstrated next year by MOL and Mitsui Engineering and Shipbuilding Co. (see earlier story) is one of several indications of growing interest
Rolls-Royce has received a second order for a vessel from its award winning Environship range. It covers the supply of all the main systems and equipment, as well as the ship design
Two companies controlled by John Fredriksen are splashing out with newbuilding orders at Korean shipbuilder Samsung Heavy Industries Co. Ltd. Golar LNG Limited has entered into firm contracts with Samsung for a
McDermott International, Inc. (NYSE:MDR) reports that its Australian subsidiary has received and signed a letter of award for the Ichthys Gas-condensate Field Development subsea umbilical, riser, flowline (“SURF”) project by INPEX. The
Eastern Shipbuilding Group, Inc., Panama City, FL, recently delivered the 292 ft long Harvey Supporter, the first of three “Tiger Shark Class” Offshore Support Vessels for Harvey Gulf International Marine, LLC, New
