Vacon Opens Office in Brazil
The AC drives manufacturer Vacon has inaugurated its office in São Paulo, Brazil to support its customers in Brazil and South America. With growing energy consumption…
Rowan Profits Jump in 3Q
Rowan Companies, Inc. said profit in the third quarter jumped 50% on overseas demand for its offshore oil rigs and drilling services. The Houston drilling contractor…
OSI Geospatial Increases Army Contract Increased
OSI Geospatial Inc. (TSX: OSI; OTCBB: OSIIF) announced that its U.S. Systems Operations has signed a contract that increases the scope of work for an existing U.S. Army program by approximately $1.2m.
STG Wins $9.5 Million USCG Contract
STG, Inc. (STG) announced that it has won a five-year, $9.5m award from the U.S. Coast Guard (USCG) Operations Systems Center (OSC). Under this contract, STG will…
Navy Cancels Combat Ship Contract
Just six months after pulling the plug on a contract to build a combat ship in Lockport, the Navy announced that it canceled a contract to build another ship in Alabama for the same class of vessels.
Sinopacific Shipbuilding Plans Shanghai Listing
Sinopacific Shipbuilding Group Co. Ltd. plans to list on the Shanghai Stock Exchange in June 2008, raising about $670.6m, a source close to the matter told XFN-Asia.
U.S. Navy Continues Battle with Pirates
Countering piracy, or any other threat, comes naturally to U.S. Navy personnel patrolling critical sea lanes around the world, and October was been a busy month…
IMCA Outlines Importance of DP Operations Safety
Safe operation of dynamically positioned (DP) vessels is of vital importance to the global offshore oil and gas industry. Ian Giddings, Technical Adviser at the…
IMCA Seminar Largest Ever
Records set by previous events in the series have been broken by the 15th Annual Seminar of the International Marine Contractors Association (IMCA), being held in Paris 6-7 November.
Canada Proposes Amendments to MTSR
Transport Canada published proposed amendments to the Maritime Transportation Security Regulations (MTSR). The proposal, if adopted, would implement for Canada recent…
MARAD Announces Meeting for License Application
The Maritime Administration (MARAD) issued a notice stating that the Draft Environmental Impact Statement for the Calypso LNG LLC, Calypso Natural Gas Deepwater…
Hellespont Names New Panamax Tankers
Hellespont has officially named the last two of six panamax tankers constructed for the company at the New Century Shipbuilding Co Ltd in Jingjiang, China. The product…
Rowan Announces Record Quarterly Results
For the three months ended September 30, 2007, Rowan Companies, Inc. (NYSE:RDC) generated record net income of $130.8m, or $1.16 per share, compared to $87.0m, or 78 cents per share…
This Day in Navy History
Nov. 02: 1943 - In Battle in Empress Augusta Bay, U.S. cruisers and destroyers turn back Japanese forces trying to attack transports off Bougainville, Solomons.
Navy Cancels Fourth LCS
Secretary of the Navy Donald C. Winter and Chief of Naval Operations Adm. Gary Roughead said Nov. 1 that the Department of the Navy is terminating construction of…
Wang: Container Market Strength to Continue
Arnold Wang, Chairman of Evergreen Marine Corporation, addressed delegates at the World Shipping Summit (China) 2007 on "Growing Demand as Indicated by the Shipbuilding Orderbook.
Gas Carrier Grounded by Tropical Storm
Coast Guard personnel deployed to San Pedro de Macoris, Dominican Republic to support Dominican Republic authorities during salvage operations of Liberian gas carrier…
Gas Carrier Grounded by Tropical Storm
Coast Guard personnel deployed to San Pedro de Macoris, Dominican Republic to support Dominican Republic authorities during salvage operations of Liberian gas carrier…
Chinese Shipbuilders Plan IPOs
At least seven Chinese shipbuilders are planning share offerings, underlining China's efforts to build up its domestic fleet and branch out into the construction of more advanced vessels.
First S. African Oil and Gas Shipyard Opens
South Africa's first shipyard to construct oil and gas production platforms was recently opened, according to a Reuters report. The shipyard will provide a foothold…
