More News

MAY 3, 2013 — Singapore's Sembcorp Marine today reported a 5 percent growth in net profit from Singapore S$113 million in 1Q 2012 to S$119 million in 1Q 2013. Group turnover for the first quarter of 2013 registered an 11 percent increase to S$1.1 billion as compared with S$943 million for the corresponding period i ...

MAY 2, 2013 —The dispute between the U.S. Merchant Marine Academy Alumni Association & Foundation and the present Academy superintendent, James Helis, drags on. As we reported earlier, Superintendent Helis has been trying to take the extraordinary step of booting the Association off the Kings Point campus (see earlier story). ...

MAY 2, 2013 —Thomas Allegretti, President & CEO of the American Waterways Operators (AWO) has been elected the new Chairman of the American Maritime Partnership (AMP). He succeeds James Henry, Chairman and President of the Transportation Institute. Henry will now serve as AMP's Vice Chairman. "It is an honor to serve AMP in th ...

MAY 2, 2013 — Mexico's national oil company, Pemex, yesterday signed a letter of intent with Spanish shipbuilder Hijos de J. Barreras (Astilleros Barreras) and its three shareholders agreeing terms for it to take a 51 percent share in the company. Astilleros Barreras, whose shipyard is located in Vigo, northwest Spain, is in the proce ...

MAY 2, 2013 — Oslo-headquartered Hoegh LNG's 145,130 cu.m GDF Suez Cape Anne is to serve as the the first floating storage and regasification unit in China. Delivered from shipbuilder Samsung Heavy Industries in 2010, the ship is on a 20 year time charter to GDF Suez and Hoegh LNG has signed an agreement that will allow the vessel to serv ...

MAY 2, 2013 — Singapore headquartered Ezra Holdings Limited reports that its subsea division, EMAS AMC, has been awarded a subsea engineering, procurement and offshore construction contract from Norway's Statoil for the Smørbukk South Extension project. The contract is valued at approximately US$75 million. Mr. Lionel Lee, Managing Director ...

MAY 2, 2013 — Paris-headquartered offshore services provider Bourbon reports that at Euros 315.1 first quarter revenues were up 13.4 percent compared with first quarter 2012 (EUR 278 million) and stable compared with fourth quarter 2012 due to seasonal effects Bourbon CEO Christian Lefèvre "In a ...

MAY 2, 2013 — Norwegian shipbuilder Havyard has ordered two cranes from Cargotec's MacGregor subsidiary for installation on the 113 m subsea IMR vessel it is building for Nigeria's Marine Platforms Limited (MPL). ( ...

MAY 1, 2013 — Buckley McAllister, President, McAllister Towing, has succeeded Linn Peterson of Kirby Inland Marine, LP as Chairman of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry, which elected a new slate of leaders at its Spring Convention recen ...

MAY 1, 2013 — The U.S. Coast Guard has awarded a fixed‐price incentive firm target contract valued at approximately $487.1 million to Huntington Ingalls Industries for the production of the sixth National Security Cutter (NSC). NSC 6 Munro (WMSL 755) will be built at the company's Ingalls Shipbuilding division at its Pascagoula, Miss., shipyard. ...