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In an event at its Diesel Research Center in Copenhagen yesterday, e to an invited audience. The presentation of the two-stroke engine marked the culmination of  work that began in the 1990s with the company's prototype MC-GI dual-fuel engine.Yesterday's full-scale demonstration and performance verification test of the GI principle for all kinds of ma ...

Bergen, Norway, headquartered Dolphin Group ASA (OSE:DOLP) announced today that the 3D vessel Polar Duke yesterday entered into production on its first project for TGS Nopec ASA in the Norwegian sector of the Barents Sea.Polar Duke was taken on charter in Stavanger on May 10, following its April 30 christening at the GMC Maritime AS shipyard, and mobilized direc ...

OSV-giant Tidewater Inc. (NYSE:TDW) today reported fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million.That compared with net earnings  of $56.9 million on revenues of $260 million in the same quarter of last year. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or ...

As gasoline prices edge up to a nationwide average of $4, there’s been lots of talk going on in Washington about giving American consumers relief by increasing domestic energy production of oil and gas. Unfortunately, it seems that Democrats and Republicans can’t come to a consensus on just how to do it.The latest effort was a U.S. Senate bill that woul ...

Farstad Shipping ASA has, through its wholly owned subsidiary in Norway, declared its options for building two platform supply vessels (PSV) at STX OSV. One of the vessels will be built at the STX shipyard in Vietnam and one at the STX yard in Tomrefjord, Norway (Langsten).The newbuilds are part of Farstad Shipping's continuous fleet renewal and represent an investment ...

The U.K. Marine Accident Investigation Branch (MAIB) has issued its report on the investigation of contacts made by the high speed craft Norman Arrow with quays in Portsmouth International Port, Portsmouth U.K. on  March 31, 2010 and with a mooring dolphin in Le Havre, France on August 29, 2010.The March 31 incident occurred when the U.K. regi ...

Wärtsilä has added new 62- and 72-bore low-speed engines to its  its offering in the mid-size, low-speed engine sector. These standardized engines offer high propulsion efficiency, reliability, and optimized total cost of ownership for customers in the bulker, tanker, and feeder container markets. Both engines employ well-proven Wärtsilä low-speed technology, a ...

Privately held Edison Chouest Offshore (ECO), Galliano, La., today announced plans to design and construct eight new 280 ft deepwater platform supply vessels, increasing its current newbuilding plans to a total of 33 vessels.“Since 2003, the core of our newbuild program has been a series of 42 new generation 4,750 deadweight ton, 280 ft offshore supply ...

Bollinger Marine Fabricators, L.L.C., Amelia, La., recently signed a contract with Bouchard Transportation Co., Inc., Melville, N.Y., to build a 55,000 bbl OPA 90-compliant tank barge, according to an announcement by Chris Bollinger, Bollinger executive vice president, new construction. Terms of the contract were not disclosed. ...

Ukrainian President Viktor Yanukovych says that Ukraine is serious about reviving and further developing of its ship-building industry in the Mykolaiv region. President Viktor Yanukovych made the commitment in a visit to the Chernomorsky Shipyard in Mykolaiv, where he participated in laying the keel of a corvette class ship for the Naval Force of Ukraine. "I am confiden ...