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Todd Shipyards Corporation and Vigor Industrial Llc report the completion of the acquisition of Todd by Vigor's wholly owned subsidiary, Nautical Miles, Inc.The acquisition was made based on an offer to purchase and a merger agreement in December 2010 and a subsequent tender offer in January 2011 through which over 88 percent of the outstanding shares were t ...

VT Halter Marine's parent, ST Engineering (Singapore Technologies Engineering Ltd.) says that the shipyard has been awarded a shipbuilding contract worth about $144 million by Honolulu-based Pasha Hawaii (Pasha).  The ship, which will be operate between Hawaii and the U.S. West Coas, is expected to be delivered in the second half of 2013.  Work on the newbuilding is to ...

Comments in yesterday's Dagens Næringsliv by the patriarch of a shipping empire led  Stolt-Nielsen Limited (Oslo Børs: SNI) to issue a stock exchange announcement to emphasize that "the comments contained within the article are Mr.Jacob Stolt-Nielsen's own personal opinion."What did Mr. Stolt Nielsen say? ...

Seismic survey specialist Petroleum Geo-Services ASA is going to a Japanese shipbuilder for its next generation of Ramform vessels. It has signed a Letter of Award with Mitsubishi Heavy Industries Ltd. for the delivery of two Ramform W-class vessels, with the option for another two ships. The vessels are the first in the new, fifth generation Ramform series. Planned deliver ...

Trying to create a clearer, long-term financial picture for offshore wind energy development, Maryland Governor Martin O'Malley introduced the Maryland  Offshore Wind Energy Act of 2011 today. The bill, HB 1054, would require that public utilities to enter into long-term purchase agreements with wind power generation facilities ...

Carnival Cruise Lines set a one-week reservations record between Feb. 7-13, 2011. It booked 165,308 guests, eclipsing the previous one-week reservations record set nearly four years ago.Bookings were at unprecedented levels across the line's fleet. Carnival President and CEO Gerry Cahill noted that while the economy is improving, consumers are still seeking valu ...

Classification society Bureau Veritas and COPPE/UFRJ, the ocean engineering department of Brazil's Universidade Federal do Rio de Janeiro, are to set up a joint development center. The move  is intended to speed the development of tools and technical requirements needed to facilitate Brazil's expansion into deep offshore oil exploitation.Pierre Besse, Vice-Presiden ...

The U.S. Department of Transportation's FY 2012 budget request includes just $358 million for all U.S. Maritime Administration activities. However, the request for Marad's Operations and Training is $162 million, an increase of $12 million above FY 2010. The request includes $93 million for the U.S. Merchant Marine Academy (USMMA) at Kings Point, N.Y., an increase of $19 million ...

The International Chamber of Shipping (ICS) has changed its position on providing armed security guards to protect merchant ships against pirates. The ICS Executive Committee, representing national shipowners' associations from over 30 countries, met in London last week. Today it said it had "decided to clarify its stance on the use of private armed security guards" and that IC ...

Maersk Drilling has signed a contract with Keppel FELS Ltd in Singapore for the construction of two ultra harsh environment, high capacity jack-up drilling rigs. The first rig is scheduled for delivery from the shipyard at the end of 2013, with the second rig following seven months later. The total project cost for the two rigs is close to $1.2 billion. This includes turnkey cont ...