Latest News
A hearing on "Navy Shipbuilding Acquisition Programs and Budget Requirements" held March 9 by the House Subcommittee on Seapower and Projection Forces produced some interesting testimony. The good news to emerge for shipbuilders: the Navy…
The U.S. Coast Guard issued a Port Security Advisory for Libya today, suggesting security measures for ships to take when calling upon Libyan ports.Civil unrest in Libya has prompted U.S. government concerns regarding whether port…
U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) says it has entered into a credit agreement amendment with its lender group, effective March 9, 2011. The deal waives a default under the senior credit facility…
Subsea installation contractor Cecon ASA (OSLO:CECON), which is the largest customer of bankrupt Quebec shipbuilder Davie Yards, has announced a series of strategic developments. They follow the approved restructuring of the Cecon and agreement on…
Quebec shipbuilder Davie Yards says it has gotten an order extending its  stay of proceedings under Canada's Companies' Creditors Arrangement Act until April 1, 2011 Davie says it is making progress in its discussions with…
The U.S. government fled criminal charges Monday against a former Northrop Grumman Newport News shipyard inspector, accusing him of lying about weld certifications on Navy ships that he did not inspect. The charging document filed…
Houston-headquartered Vantage Drilling Company today announced that it has signed a definitive agreement to provide services related to design, construction and commissioning on behalf of Aker Drilling ASA  of two ultra deepwater drillships being built…
Singapore's Keppel Shipyard Limited, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured new contracts totaling S$170 million (about US $134 million) for two fast-track projects.The new jobs comprise completing a…
Miami-headquartered International Shipping Partners (ISP) has reached an agreement with Castrol Marine for the supply of Castrol BioStat, a range of stern tube lubricant grades formulated to deliver enhanced performance and reduced environmental impact when…
Incat Crowther has secured a contract to design a 42 m wave piercing catamaran ferry for Indonesian operator Quicksilver Bali. Quicksilver runs day tours and dinner cruises out of Bali, using the Incat Crowther-designed wavepiercer…
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