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First Ship Demands Return of Chem Tankers

FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust reportes that it has sent notices to its lessees, wholly-owned subsidiaries of PT Berlian Laju Tanker Tbk,

J.F. Lehman to Acquire NRC from Seacor

J.F. Lehman & Company Announces Definitive Agreement to Acquire National Response Corporation from SEACOR Holdings, Inc.   J.F. Lehman & Company,

Harvey Gulf Inks LNG OSV Contracts

Harvey Gulf signs contracts to buld two additonal U.S. flag LNG-powerd vessels.   Harvey Gulf International Marine ordered two additional 302’ X 64’,

Car Carrier Market Emerges Strong

The Carrier Car industry has emerged from the global recession with what looks like limited damage compared with the head-on collision others experienced. Drewry believes that this sector,

Technip Nets Petrobras Equipment Agreement

Technip was awarded a 5-year frame agreement contract from Petróleo Brasileiro S.A. (Petrobras) for the supply of around 1,400 kilometers of flexible pipes.

Teekay to Offer 15m Shares

Teekay Tankers Ltd. (NYSE:TNK) announced today that it plans to offer 15,000,000 shares of Class A common stock of the Company in a public offering. Teekay Tankers

ADIL Inks Oil & Gas Contract with Iona

Energy consultancy ADIL announces six-figure contract win with Iona Energy.   ADIL, the Aberdeen-based independent energy consultancy, announces a £500,

Purfresh Technology Notches Record Year

Purfresh Achieves Fifth Consecutive Year of Record Growth for its Ocean Transport Technology. With its new CE mark, Purfresh accelerates production of its new Purfresh

Stork Wins West African Subsea Contract

Stork Technical Services lands major West Africa subsea inspection project.   Stork Technical Services (Stork), the leading global provider of knowledge-based

Vigor to Acquire Alaska Ship & Drydock

Vigor today announced its plan to acquire Alaska Ship and Drydock Inc. (ASD), further consolidating the business of ship repair on the U.S. West Coast.  ASD

The Changing Face of the VLCC Market

With so much discussion of the poor freight rates available to VLCC owners hiring their ships out for voyages from the Middle East to major consumers east and west,

Norwegians Target Cost-Effective Wind

Norwegian-led consortium targets the development of cost-effective pre-installed seabed foundations for offshore wind. NorWind Installer AS, together with partners OWEC Tower AS,

Container Carriers Set Reliability Record

Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69% across all the trades covered by Drewry’s Schedule Reliability Insight report,

Kvichak Nets Five-Year Coast Guard Contract

Kvichak Marine Industries, Inc., of Seattle, WA, was awarded a five year contract by the U.S. Coast Guard for the construction of up to 80 each Transportable Port Security Boats (TPSB) in 2011.

General Maritime Reorganizes

General Maritime Files Plan of Reorganization and Disclosure Statement; Plan Supported by the Company's Key Senior Lenders.   General Maritime Corporation

Alion Nets $73M Navy Contract

Alion Awarded Navy Contract Valued at $73.2M to Support NAVSEA Programs for Maintenance and Modernization of 185 Surface Warfare Ships; Technology Solutions Firm

Paragon Announces Early Charter Termination

Paragon Shipping Inc. announced that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas (the "Vessel"), a 2008-built 58,

Northrop Grumman: Strong 4Q and 2011 Financials

Highlights include: Q4 EPS from Continuing Operations Increase to $2.09; 2011 EPS from Continuing Operations Increase to $7.41; Free Cash Flow before

Boston Whaler Justices Support Counternarcotics Ops

The U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) has awarded a $36 million contract to Brunswick Commercial and Government

Report: IHI, JFE to Merge Shipbuilding Units

Reuters is reporting that JFE Holdings Inc and IHI Corp will merge their shipbuilding units in a bid to remain competitive as demand for vessels contracts and Chinese

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