John Fredriksen has cashed in $1 billion of his stake in offshore driller Seadrill. Mr. Fredriksen’s Hemen Holdings said the sale will allow the Fredriksen Group to have a slightly more diversified
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
A ship built as a Swedish America Line transatlantic liner has become a luxury floating hotel. Now the Veronica Duqm, the ship is owned and operated by DSME (Daewoo Shipbuilding & Marine
Elliott Bay Design Group (EBDG), Seattle, WA, recently won a contract to design a new 150 ft. steel ferry for the Beaver Island Transportation Authority. The 150-passenger, 24-vehicle ferry will be operated
Crowley Maritime Corporation has promoted Jose “Pache” Ayala to vice president, Puerto Rico. He will remain in San Juan, and will now report to John Douglass, senior vice president and general manager
Resolve Maritime Academy and Royal Caribbean Cruises Ltd. report that plans are underway for new simulation-based training programs to enhance safety at sea for the cruise line’s personnel and guests. In 2011,
Vigor Industrial today released details of the “build in Washington team” that will build a 144 car ferry for the State of Washington under an agreement signed November 1 by Washington State
Elliott Bay Design Group LLC (EBDG), Seattle, WA, is now an employee-owned company after its management and employees purchased the firm from its parent company, American Commercial Lines (ACL), Jeffersonville, IN. The
Keppel Nantong Shipyard Co. Ltd. in China has secured a contract worth Singapore $143 million (US $116 million) to build a heavy lift sheerleg crane vessel for Asian Lift Pte Ltd. Scheduled
Huntington Ingalls Industries, Inc. (NYSE: HII) reports that its Ingalls Shipbuilding division has delivered the third National Security Cutter to the U.S. Coast Guard. A shipboard ceremony on September 2 officially transferred
