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COSCO, Rongsheng Heavy issue profit warnings

JULY 30, 2012 — Yet another sign of the challenges confronting China’s maritime sector: Hong Kong exchange profit warnings from both shipbuilder China Rongsheng Heavy Industries and shipping giant COSCO. In a

Technip to charter advanced OCV

JULY 25, 2012 —Technip (Paris:TEC) has entered a long-term charter agreement for a newbuild Skipsteknisk ST-261 design offshore construction vessel ordered from Bergen Group last month by Norway’s North Sea Shipping. (See

Tognum and Rolls-Royce win joint orders

JULY 19, 2012 — MTU-parent Tognum and Rolls-Royce have won two orders for the supply of marine engines and propeller-rudder systems.  ”Winning these first orders confirms that cooperation with our new majority

Island Offshore orders PSV pair at STX OSV

JUNE 29, 2012 — Island Offshore, in which the Chouest and Ulstein families are partners, has ordered two platform supply vessels from STX OSV. The vessels will be of Rolls-Royce’s UT 717