Lloyd’s Register CEO Richard Sadler (left in picture) and ABS Chairman and CEO Robert D. Somerville (right) have signed an agreement that sees the two classification societies release jointly-developed software that will
Kristian Røkke has been appointed President and CEO of Aker Philadelphia Shipyard ASA (AKPS). As CEO, Mr. Røkke, who is the son of Aker ASA Chairman Kjell Inge Røkke, will “lead the
Almost a full year after the arrival of the FPSO BW Pioneer in U.S.waters, BOEMRE today gave the final approval needed for the unit to begin oil and natural gas production at
Shares in tanker operator General Maritime Corporation (NYSE: GMR) plunged in overnight trading after it issued a statement saying “it is engaged in ongoing discussions with prospective lenders and investors to seek
Singapore’s Keppel Shipyard Limited, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured new contracts totaling S$170 million (about US $134 million) for two fast-track projects. The new
New tankers and bulk carriers built in 2050 could have service speeds of only 5 knots. Partners from nine European countries are working on an EU-funded project called ULYSSES to develop environmentally
With the crew of a tanker safe in its “citadel,” four pirates surrendered when naval forces arrived. The ship’s request for assistance led to Combined Maritime Forces (CMF) warship USS Bulkeley (DDG
Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) reports a net loss for FY 2010 of $134.2 million, or $4.55 per diluted share, compared with earnings of $70.2 million, or $2.61 per
John Fredriksen controlled tanker giant Frontline Ltd. reported a loss of $11.8 million for the fourth quarter of 2010, equivalent to a loss per share of $0.15, compared with net income of
Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), announced today that the Commonwealth of Pennsylvania has agreed to partner with the shipyard and to
