CIT’s Engh: It’s the perfect time to be in marine finance
MAY 29, 2013 — With less competition in the market and a high demand for refinancing, the perfect time to be in the maritime finance business is right now, according to Svein
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Triyards introduces proprietary jack-up design
MAY 7, 2013 — With the introduction of the TDU-400, a premium class 400 HPHT (high pressure, high temperature) jack-up drilling rig, the TDU-400, Triyards Holdings Limited has become one of only
Aker Philly in preliminary deal for 2-4 tanker newbuilds
MAY 6, 2013 — Aker Philadelphia’s strategy of building the last two ships in its long running Veteran Class of products carriers for its own account seems to have worked. Both have
SEACOR’s Fabrikant: “We’re very unhappy …”
APRIL 30, 2013 — “We are very unhappy with our results for both this quarter and the fourth quarter of 2012,” said Charles Fabrikant, Executive Chairman of the Board, as SEACOR Holdings
Martens Marine takes delivery of AHTS
APRIL 12, 2013 — Singapore based Martens Marine yesterday took delivery of the SMS Endeavour, its third E 65T Series Anchor Handling Towing Supply Vessel from Chinese shipbuilder Guangdong Yuexin Ocean Engineering
President Obama picks Sally Jewell for Interior Secretary
FEBRUARY 7, 2012 — In what National Ocean Industries Association President Randall Luthi yesterday called “a bit of a surprise,” President Barack Obama yesterday announced that he has chosen Sally Jewell to
ICE-C class IMR vessel Seven Viking named in Norway
JANUARY 30, 2013 — A next generation Inspection, Maintenance and Repair (IMR) vessel, designed for operations in the harshest environments, was named at a ceremony today in Stavanger, Norway. Co-owned by Subsea
ClassNK to expand its U.S. brown water market services
JANUARY 11, 2013 — Tokyo-headquartered classification society ClassNK is now the world’s largest. And it is looking to expand its U.S. “brown water” business. Last month ClassNK gained expanded authorization from the
Rolls-Royce COSCO OSV package includes MTU gensets
JANUARY 8, 2012 — MTU parent company Tognum is now majority owned by Daimler and Rolls-Royce. One benefit has been a partnership in the marine market with Rolls-Royce that has just resulted
Shell Alaska drilling unit grounds after tow is lost
JANUARY 2, 2013 — The Shell mobile conical drilling unit Kulluk is stable after running aground New Year’s Eve near Kodiak, Alaska, following failed attempts to tow the vessel in a fierce