Offshore drilling contractor Valaris Limited (NYSE: VAL) reports that it has exercised its options and taken delivery of newbuild drillships Valaris DS-13 and DS-14 for an aggregate purchase price of approximately $337
By providing long-term debt repayment guarantees, the U.S. Maritime Administration’s Title XI Federal Ship Financing Program is intended to encourage U.S. shipowners to obtain new vessels from U. S. shipyards cost effectively
Last week brought a slew of reports about ever larger car carriers being ordered and designed.What’s all the buzz about? Despite electric vehicle sales disappointing automakers this year, a surge in global
MAN Energy Solutions has introduced its latest engine, an MAN 35/44DF CD auxiliary engine type. Developed in cooperation with Korea’s STX Engine and solely for production by MAN licensees, the new engine
The Canadian Government is to invest CAD 2.5 billion (about US$1.8 billion) in renewing the Canadian Coast Guard’s small vessel fleet, which plays a critical role for the agency, especially in shallow
With floating offshore wind picking up pace, the Damen group has developed a Floating Offshore Wind Support Vessel concept designed to accelerate the development of the sector. Called the FLOW-SV, the vessel
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced the availability of nearly $20 million in federal FY 2023 funding to help modernize small U.S. shipyards and provide workforce training MARAD’s
Shared Ice Services LLC (SIS) reports that Peter Roney has joined the executive management team supporting Nichols Brothers Boat Builders and Everett Ship Repair as director of sales and marketing Shared Ice
Bollinger Shipyards LLC today made a number of leadership announcements following its recent acquisition of Bollinger Mississippi Shipbuilding (BMS) and Bollinger Mississippi Repair (BMR), formerly VT Halter Marine and STEHMO. Notably, all
In a Singapore stock exchange announcement, Singapore Technologies Engineering Ltd (ST Engineering) has announced that its subsidiaries have entered into an agreement to divest the entire issued and outstanding equity interests in