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The Port of New Orleans continues to conduct business as usual and new forecasts since the opening of the Morganza Floodway Saturday indicate river levels in New Orleans are expected to remain steady for the next two weeks."We are working closely with the U.S. Coast Guard to monitor the high River situation, but all indications point to avoiding any major restrictions o ...

Hundreds of U.S. maritime industry representatives have visited Capitol Hill to highlight the critical role the industry plays in boosting America's economic, national and homeland security. Three events this spring --the Shipbuilders Council of America (SCA) Spring General Membership Meeting; the "Barge-In;" and the "Sail-In" --brought representatives of shipyards, mariners and companies from ...

Rowan Companies, Inc. (NYSE: RDC) announced today that it has entered into a share purchase agreement with Joy Global, Inc. , a worldwide leader in high-productivity mining solutions, to sell all shares of common stock held by Rowan in LeTourneau Technologies, Inc. for $1.1 billion in cash. The agreement is subject only to regulatory approval, which the company expects to obtain with ...

Singapore's Keppel FELS says that returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled between the second half of 2013 and the first half of 2014.Standard Drilling ordered its first jack-up rig from Keppel FELS in November 2010 ...

Paris-headquartered classification society Bureau Veritas says continuing pressure on environmental emissions, coupled with rising oil prices, puts a new focus on operational efficiency.Writing in the Bureau Veritas Marine Business Review 2011, Bernard Anne, managing director of BV's Marine Division says, "Efficiency has to take on a new meaning. To be efficient means more ...

PaxOcean Engineering Zhoushan Co., Ltd. of Singapore, Singapore and The Levingston Corporation, Boerne, Texas, said today that they have signed a Letter of Intent to build a Levingston designed 415WC (World Class) with an option for one additional similar vessel for an undisclosed contract value. The announcement was made at the new Elevating Boats LLC's (EBI) facility at Poncha ...

House Energy and Commerce Committee Chairman Fred Upton (R-MI) applauded recent congressional and judicial efforts to increase offshore energy production.On May 11, the House passed H.R. 1229, Putting the Gulf of Mexico Back to Work Act. The bill forces the Secretary of Interior, within 30 days, to issue drilling permits on the dozens of existin ...

Olympic Shipping AS has ordered a third MT 6015 multipurpose platform supply vessel at Kleven Maritime at a value of 380 million NOK.The contract takes Kleven Maritime’s order reserve to 10 vessels with a combined value of 3.7 billion NOK. The vessel is scheduled for delivery in November 2012 and will be the third in a series of three ships for Olympic, the first two contract ...

The U.K. Marine Accident Investigation Branch (MAIB) has published a report on its investigation of an April 21, 2010 incident in which the chief engineer on board the U.K. registered containership Ever Excel was killed when he became trapped between the top of the ship's passenger elevator and the edge of the elevator shaft. Ever Excel was alongside in Ka ...

Conrad Industries, Inc.(OTC Pink Sheets: CNRD.PK), which has three shipyards in southern Louisiana and one inTexas, said today that rising water levels had forced it to temporarily discontinued operations at its Morgan City shipyard, located on the Atchafalaya River outside the protection of the levee system.Conrad commented on the challenges presented by the rising ...