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Singapore's Sembcorp Marine said today that its wholly-owned subsidiary Jurong Shipyard (JSPL) has filed a Notice of Arbitration against its former auditor, Ernst & Young in respect of disputed unauthorized foreign exchange transactions.This marks the…
Hornbeck Offshore Services, Inc. (NYSE:HOS) and Marine Spill Response Corporation (MSRC) have entered into a long-term agreement for spill response services in the Gulf of Mexico.  Two U.S.-flagged 370 class multi-purpose support vessels (MPSVs) owned…
Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has launched physical supply operations in Panama. Including Panama, the company now serves 19 markets covering more than 50 ports worldwide, as compared to…
State-owned oil company Petrobras said its oil and natural gas output in Brazil for June jumped 4% ias compared with a year earlier. Production was 2,407,366 barrels of oil equivalent per day (boed) in June,…
Recently delivered by the Drydocks World shipyard in Nanindah, Indonesia, the anchor handling offshore support vessel Crest Olympus has been built for Singapore based Pacific Crest Pte. Ltd. at a contract value of $20.4 million,…
According to Canadian media reports, a Quebec Superior Court judge has approved a sale of the assets of Levis, Quebec, shipbuilder Davie Yards to Ontario's Upper Lakes Group for about $28 million.Davie has been in…
Port state control authorities worldwide are planning a major crackdown to ensure ships are meeting structural safety and Load Line Convention requirements. Beginning September 1, a Concentrated Inspection Campaign  (CIC) will be mounted that will…
Dubai-based marine geophysical specialist Polarcus Limited (OAX: PLCS) says that it has signed a term sheet for a bank facility of $410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together…
General Dynamics-National Steel and Shipbuilding Co., San Diego, Calif., is being awarded an $11,705,854 modification to previously awarded contract (N00024-08-C-4410) for the USS Harpers Ferry (LSD 49) fiscal 2011 extended docking phased maintenance availability.  An…
The European Union (EU) will provide EURO 9.57 million towards a study to examine the feasibility of developing LNG refueling infrastructure for ships in Northern Europe. The grant will also fund a pilot project to…
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