Transpetro suspends contracts for 16 tankers on order at EAS

MAY 28, 2012 –Petrobras subsidiary Transpetro reports that it has suspended  execution of its contracts 16 of the 22 tankers it has on order from shipbuilder Estaleiro Atlântico Sul  (EAS). The contracts

Siem Offshore orders two OSCVs at STX OSV

STX OSV reports that it has secured new contracts for the design and construction of two Offshore Subsea Construction Vessels for Siem Offshore in Norway. The vessels will be of STX OSV’s

IHC Merwede’s Southeast Asia expansion plans start rolling

“IHC Merwede,” says Denis Welch, the company’s Regional CEO for Southeast Asia, “is not just a shipbuilder per se, but also an aggregation of engineering and manufacturing companies, which combines to provide

Seadrill orders tender rig at COSCO Nantong

Seadrill has exercised an option to build a new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is set for delivery from the shipbuilder in the fourth

Bath Iron Works faces $171,300 in proposed OSHA fines

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Bath Iron Works, a General Dynamics company, for alleged repeat and serious violations of workplace safety standards at its Bath,

Hamburg shipbuilder J.J. Sietas declares insolvency

J.J. Sietas has joined the long list of shipbuilders forced to file for insolvency under German bankruptcy laws. Hamburg attorney Berthold Brinkmann was appointed Friday as provisional liquidator in the case. The

Hyundai Heavy says it is not planning shipyard in Nigeria

According to media reports, South Korean shipbuilding giant Hyundai Heavy Industries Co. has no plans to build a multibillion dollar shipyard in Brass, Nigeria. Yesterday, the office of Nigerian President Goodluck Jonathan