TY Offshore gets private equity injection
MAY 28, 2013 — TY Offshore is to start a $9 million capital improvement plan after revamping its ownership structure and getting an equity investment from a private equity firm. Barge launch
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Huntington Ingalls reports increased profits
MAY 8, 2013 — Huntington Ingalls Industries today reported results that saw first-quarter 2013 profit reach $44 million, up 33 percent from $33 million in the same quarter a year earlier. “HII
Icahn pushes for changes at Transocean
APRIL 4, 2013—Billionaire investor Carl C. Icahn would like to see some drastic changes at the world’s largest offshore drilling company, beginning with voting in three new board members. Icahn has sent
Navy adds another $407.4 million to Kennedy contract
MARCH 22, 2013 — The Navy is modifying the total amount of a previously awarded contract to Huntington Ingalls Inc, Newport News, Va., (N00024-09-C-2116) by $407,408,093 in order to extend construction preparation
Deep Sea Supply in Brazil PSV and AHTS joint venture
JANUARY 17, 2013 — Deep Sea Supply Plc (DESS), in which John Fredriksen’s Hemen Holding Ltd. is the largest shareholder, is entering a joint venture with BTG Pactual Oil & Gás Participações
Frontline 2012 said to ink LOIs for bulker newbuilds
JANUARY 4, 2013 – So, you thought John Fredriksen’s Frontline 2012 was a tanker company? Korean shipbuilding website Asiasis says that Frontline 2012 has reportedly signed Letters of Intent to build up
Maersk Line, Limited wins environmental awards
NOVEMBER 29, 2012 — Maersk Line, Limited (MLL), the Maersk Group’s U.S.-flag operation, was presented with two awards earlier this month for its continued and longstanding efforts to improve the environmental sustainability
Huntington Ingalls gets $296 million more for CVN 79
SEPTEMBER 27, 2012 — Huntington Ingalls Inc., Newport News, Va., is being awarded a $296,126,089 modification to a previously awarded Navy contract (N00024-09-C-2116) for procurement of additional long-lead-time material and continuation of
Barges play key role in Virginia submarine program
SEPTEMBER 20, 2012 — Barges are playing a key role in increasing the efficiency of a major shipbuilding program. On September 19, Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding (NNS) division shipped
Cummings urges Obama to support Jones Act in SPR draw down
AUGUST 21, 2012—Hoping to avoid a reenactment of last year’s fiasco by the Administration, U.S. Congressman Elijah E. Cummings (D-MD), Senior Member of the Committee on Transportation and Infrastructure, sent a letter