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The U.S. Navy has awarded a Lockheed Martin [NYSE: LMT]-led industry team $376 million to construct the  seventh Littoral Combat Ship (LCS). The fixed-price-incentive-fee contract provides funding for the second of 10 ships the Navy awarded to the Lockheed Martin team in December 2010. The contracts for the remaining eight ships will be awarded through 2015. Mari ...

ATP Oil & Gas Corporation (NASDAQ: ATPG) today reported that it has received a permit to resume drilling the Mississippi Canyon ("MC") Block 941 #4 well in the deepwater Gulf of Mexico."This permit for the ATP Titan drilling and production platform is the first for a stationary deepwater facility since deepwater drilling was allowed to resume on February 28, 2 ...

The future of Germany's Beluga Shipping Group is now largely in the hands of insolvency attorney Edgar Grönda of the law firm Schultze & Braun. Beluga Chartering GmbH filed for insolvency in the Bremen District Court on Wednesday, while Beluga Shipping GmbH followed suit yesterday. Mr. Grönda has been appointed Insolvency Administrator in both cases The insolvency filin ...

As part of its commitment to the environment, Norwegian Cruise Line applied International Paint's biocide free, Intersleek foul release coatings to the 78,309 grt cruise ship Norwegian Sun when it was built at German shipbuilder Meyer Werft in 2001. Ten years later, the Intersleek system has only needed touch-up repairs, significantly reducing overall paint volume ...

Marine Accurate Well ASA - Maracc - has successfully secured a fully committed $280 million financing package for the remaining construction costs of Island Innovator, a drilling and heavy well intervention semi submersible being built at Cosco Shipyard Group, China. The top-side package is being delivered by Nymo AS/National Oilwell Varco AS and the comple ...

The Department of the Navy announced today that it is now in a position to support Northrop Grumman Corporation's (NGC) spin-off of its shipbuilding business. The Navy finds Huntington Ingalls Industries Inc. (HII) responsible for award of amphibious transport dock ship LPD 26 and guided missile destroyer DDG 113, both contracts currently under negotiation with NGC. ...

Frank Larkin has rejoined Crowley Maritime Corporation as vice president of sales and customer care for the company's liner services and logistics groups. He is domiciled in Jacksonville and reports to Steve Collar, senior vice president and general manager, logistics; John Hourihan, senior vice president and general manager, Latin America services; and John Douglass, senior vice pr ...

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 Petrobras America's Cascade-Chinook project. This will be the first use of a Floating Production Storage Offloading (FPSO) facility in the ...

Voith Turbo Inc. has brought Captain David Shirah, Jr. aboard as a representative handling the Gulf Coast region of its Marine Division. Captain Shirah is a 20-plus year veteran of the coastal and inland waterways. Mr. Lee Erdman, Manager of Voith's Marine Division in North America called Captain Shirah "a strong addition to the Voith Marine team in the ...

A general cargo carrier that did not have armed guards on board was pirated yesterday. It was almost immediately used as a mother ship to launch an attack on another bulk carrier. That ship did have armed guards on board and the attack was repelled. Here's how EU NAVFOR reported the events: At approximately 0730Z on 16 March, the Bu ...