GE, Dept. of Energy Enter Partnership
GE Global Research in Niskayuna announced it has entered into a $27 million partnership with the U.S. Department of Energy to design a next-generation offshore wind turbine.
GulfMark 4Q Results Show 8% Decline
GulfMark Offshore Inc. announced results for the fourth quarter, reporting an 8% decline in earnings despite higher revenue. The Texas-based company reported that…
Dubai defends Maritime Security Record
The security record of DP World, the state-owned company that runs the port at Jebel Ali, became a political issue in the past month after U.S. legislators started…
Northrop Grumman Makes New Appointment
Northrop Grumman Corporation has appointed Ann Fortenberry vice president of trades management, training and development for the company's Ship Systems sector, effective March 20.
First Iran-made Liner Set for Launch
The first Iran-made ocean liner, named Iran-Arak, will be launched next week, Iran Mania reported. The Iran-Arak is the largest ocean liner constructed by a Middle Eastern country…
CalMac Likely to Secure Ferry Route
State-owned ferry operator Caledonian MacBrayne has been announced as the preferred bidder for the service to Orkney and Shetland from the mainland. The contract…
Red Dragon II Production Begins
The 52m (170ft) sloop Red Dragon II commenced construction at Alloy Yachts Auckland New Zealand in March 2006. Contracted by an International Yachtsman, Red Dragon…
AMDETECH Acquires Makor K-9's Cruise Line Business
American Detection Technologies, Inc. (AMDETECH) recently announced the acquisition of Makor K-9 LLC's cruise line business. Under the terms of the transaction,…
German Group Eyes Shipbuilding Investment
A group of German companies is exploring the possibility of setting up a shipbuilding and shipyard project in West Bengal with special emphasis at the port city of Haldia in East Midnapore district.
TORM Announces 2005 Results
A/S Steamship Co TORM (TORM) shipping company announced its results for its fiscal year ended December 31, 2005. The company said that the results for 2005 were better than expected…
TEN Buys 9 Tankers for $530M
TEN, the New York quoted Greek tanker company controlled by the Tsakos family, confirmed it has bought for nine ice class 1A tankers from Western Petroleum for $530 million.
Strong Outlook for Tankers
Oil-tanker owners may have a better year in 2006 than last year as the number of new vessels fails to keep pace with demand for crude, The Royal Gazette reported.
Potential Bidders Eye Waterway Contracts
State and federal officials held a meeting at the Harrison County Courthouse on March 7 for potential contractors who will bid to clean up inland channels and waterways in the three coastal counties.
GoM Drilling Plan Advances
Legislation that would open part of the Gulf of Mexico to offshore oil and gas exploration easily cleared a Senate committee on March 8, but could face future hurdles placed by coastal lawmakers…
Shell, Statoil Announce Joint Energy Plan
Shell and Statoil announced a plan to use carbon dioxide to increase offshore oil recovery in the North Sea. Carbon dioxide (CO2) would be captured from power generation…
ONGC, SCI Enter MoU
Oil & Natural Gas Corporation Ltd. (ONGC) and Shipping Corporation of Indian (SCI) have entered into a memorandum of understanding (MoU) for setting up a joint venture…
Vice Adm. Allen Addresses Senate
The following is a statement, in its entirety, from Vice Adm. Thad W. Allen regarding his nomination to be commandant of the U.S. Coast Guard, given before the Senate Committee on Commerce…
Ulstein Design Wins Big in China
Bourbon has signed a contract with Zhejiang Shipbuilding Co. Ltd in China concerning the construction of four ULSTEIN P105 platform supply vessels. Ulstein Design…
Keppel to Build a Third Jackup for Awilco
Keppel FELS Limited (Keppel FELS) has secured a repeat order for a third KFELS B Class jackup rig from Awilco Offshore (Awilco) at US$146 million, via the exercise of an option agreement.
AAPA Testifies on Seaport Security
Kurt J. Coast Guard and Maritime Transportation. proposed business arrangement involving non-U.S. U.S. operating companies to operate port-owned facilities. of a merger or acquisition…
