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NNS gets $148.7 million for additional CVN 80 long-lead material

NNS gets $148.7 million for additional CVN 80 long-lead materialHuntington Ingalls Industries' Newport News Shipbuilding is being awarded a $148,728,722 modification to a previously awarded contract for the purchase of additional long-lead-time materials in support of aircraft carrier Enterprise (CVN 80).

DryShips shares in freefall

DryShips shares in freefallShares in George Economou's DryShips plunged 40% yesterday as investors abandoned the stock on the back of its announcement on Tuesday that it was undertaking its fifth reverse stock split this year.

How an Alaskan Fisherman Turned $80 Into $1.1 Billion by Popularizing Trash Fish

How an Alaskan Fisherman Turned $80 Into $1.1 Billion by Popularizing Trash FishChuck Bundrant was a college freshman with $80 in his pocket when he drove halfway across the country to Seattle to earn a few bucks fishing. The year was 1961.

New Study Shows Ecological Risks of Hull Fouling

New Study Shows Ecological Risks of Hull FoulingResearchers with Tel Aviv University’s School of Zoology have published a new study of the ecological threat posed by biofouling.

Qatar's Nakilat, Norway's Hoegh to partner for LNG

Qatar's Nakilat, Norway's Hoegh to partner for LNGTwo companies sign MoU to explore business collaboration in Floating Storage and Regasification Unit business

Rapid progress made in TurkStream gas project in 2017

Rapid progress made in TurkStream gas project in 2017Turkey is the second largest importer of Russian gas, bringing in around 27 billion cubic meters per year

Ichthys Venturer Sailed Away To Australia

Ichthys Venturer Sailed Away To AustraliaInpex-operated Ichthys LNG Project’s floating production storage and offloading (FPSO) vessel—Ichthys Venturer—sailed away on July 18 from waters near its construction site in Okpo, South Korea.

US Senator McCain introduces bill to repeal the Jones Act

US Senator McCain introduces bill to repeal the Jones ActSenior US Senator John McCain has introduced legislation to repeal the Jones Act, which requires all marine cargo ships travelling between US ports to be American.

CGG wins offshore survey contract from Petrobras

CGG wins offshore survey contract from PetrobrasFrench geophysical services company CGG has announced the award of a contract by Petrobras to process the seismic data from a 3D Ocean Bottom Node survey in Brazil's Santos Basin.

UCL Holding mulls IPO of transport assets

UCL Holding mulls IPO of transport assetsRussia's UCL Holding, which manages the transport assets of steel tycoon Vladimir Lisin, is looking to list its rail, shipping and stevedoring firms according to Lisin's son.

Orient Express Lines takes on its largest ship

Orient Express Lines takes on its largest shipIntra-Asia operator Orient Express Lines (OEL), a Southeast Asian subsidiary of India's Transworld Group, has bought the 14-year-old, 4,252 teu Irenes Wisdom for $7.1m from Tsakos Shipping & Trading.

Samsung Heavy readies to slash workforce further

Samsung Heavy readies to slash workforce furtherSouth Korea's Samsung Heavy Industries (SHI) is looking to slash its workforce furhter and get employees to return part of their salaries, the country's official newswire Yonhap is reporting.

HMM slashes capacity by 28% in just three months

HMM slashes capacity by 28% in just three monthsHyundai Merchant Marine (HMM) has drastically slashed the operating capacity of its box fleet by more than a quarter in the space of three months.

Zim IPO talk resurfaces

Zim IPO talk resurfacesIsraeli carrier Zim could try once again for an IPO. The containerline, now with a new CEO, Eli Glickman, at the helm could look at a listing as an exit strategy for its main shareholders,

Wan Hai acquires two feeder boxships

Wan Hai acquires two feeder boxshipsTaiwanese owner Wan Hai Lines has announced the acquisition of two 1,805 teu containerships, Sao Paulo and Ho Chi Minh, from MI-DAS Line.

GC Rieber subsea vessel lands West African extension

GC Rieber subsea vessel lands West African extensionGC Rieber Shipping has had the extension option exercised for its subsea construction vessel Polar Onyx, currently operating off west Africa.

Freighter Lists, Spills Cargo, Then Strikes Dock

Freighter Lists, Spills Cargo, Then Strikes DockOn Friday afternoon, the general cargo vessel Mosvik (ex name Star Vita) took on a list of thirty degrees near the Holtenau entrance to the Kiel Canal.

Renewables to increase market competition: DNV GL CEO

Renewables to increase market competition: DNV GL CEOShare of electricity important for renewable's future, says CEO

Turkey privatizes Yenice hydro plant

Turkey privatizes Yenice hydro plantKilic Enerji Uretim AS wins privatization tender for Yenice hydro plant in Eskisehir, Turkey rn

Salvage of Sunken Towing Vessel Continues on Upper Mississippi River

Salvage of Sunken Towing Vessel Continues on Upper Mississippi RiverThe Unified Command convened in response to a sunken towboat loaded with fuel on the Upper Mississippi River near Cairo, Illinois was set to lift the vessel from the water on Monday as salvage efforts continue more than a week after the incident.

UN calls for dialogue to solve gas dispute in East Med

UN calls for dialogue to solve gas dispute in East MedConcerned countries should abstain from escalation of "unnecessary tension" on hydrocarbon exploration activities, UN says

Sea Shepherd Helps Arrest Two Illegal Fishing Vessels

Sea Shepherd Helps Arrest Two Illegal Fishing VesselsOne week after the announcement of Operation Albacore II, a joint operation between Sea Shepherd and the Gabonese government to tackle illegal

Lundin Extends Contract for Ocean Rig

Lundin Extends Contract for Ocean RigOcean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson.

Grand Finale for Infamous Glomar Explorer - Part 1

Grand Finale for Infamous Glomar Explorer - Part 1The story of the Glomar Explorer spans four decades and involves a Soviet nuclear missile submarine, the CIA and an eccentric billionaire.

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