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Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea and has obtained a new option for…
Singapore-listed Marco Polo Marine Ltd. has secured a new shipbuilding contract to construct five barges for a third-party Indonesian customer for approximately Singapore $10 million (about US $8.1 million).Under the contract, the group will construct…
The Damen Changde shipyard in China has delivered the ASD tugs Karloo and Kalarka to Half Tide Marine Pty Ltd of Australia. The tugs were built to the highly successful ASD Tug 3111 design, which…
While a decrease in ice will allow increased shipping activity in the Arctic, it won't lead to a significant increase in oil and gas production over the next two decades, according to a recently released…
The Council of the International Maritime Organization (IMO) has unanimously endorsed the decision of a Panel of Judges that the 2011 IMO Award for Exceptional Bravery at Sea should go to Captain Seog Hae-gyun of…
Publicly traded Kirby Corporation, Houston, Tex., finalized its $604 million acquisition of K-Sea Transportation Partners L.P., East Brunswick, N.J., greatly expanding its presence in the coastwise marine petroleum refined products transportation business. K-Sea, which operates…
ThyssenKrupp AG said Friday that restructuring of its ThyssenKrupp Marine Systems is largely complete. But it also revealed that it will not proceed with the planned the sale of the civil shipbuilding business of Blohm+Voss…
In the wake of the Deepwater Horizon incident last year, the U.S. Coast Guard is increasing its existing safety inspection regime for foreign-flagged vessels operating in U.S. waters with an additional layer of risk-based safety…
Asia Offshore Drilling Limited (AOD) recently exercised its first of two options worth $184 million to build a high-specification KFELS B Class jackup rig at Singapore's Keppel FELS shipyard. AOD must still enter into a…
Private equity firm J.F. Lehman & Company, New York, N.Y., which has holdings in the defense, aerospace and maritime sectors, announced today that it has acquired US Joiner LLC and Turnbull LLC in partnership with…
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