Aker Philadelphia Shipyard has delivered the first vessel in an up to 16 ship order of product tankers as the 600-foot long MT46 Veteran Class Overseas Houston now becomes the first ship leased to subsidiaries of Overseas Shipholding Group, Inc. (OSG). Originally announced in April 2005 with a serie
Porsche Design Studios is bringing some Stuttgart style to the boating business with its first-ever seacraft (the waterlogged 928 in Risky Business doesn’t count). Set to debut at next week’s Miami Boat Show, the 28-foot-long high-speed cruiser is a collaboration with Florida-based upstart Fearless
Orkney has successfully led the way with the next generation of ship-to-ship operations. What is believed to have been the first ever commercial transfer of liquid natural gas (LNG) between two vessels has taken place in Scapa Flow.
Total announces the launch of a pilot CO2 capture and sequestration project in the Lacq basin in southwestern France. The project, which leverages a technique considered among the most promising in the fight against climate change, calls for up to 150,000 metric tons of CO2 to be injected into a dep
Mario Olivarez stood in the shadow of billionaire Larry Ellison’s $50 million super-yacht Ronin, ready to make history. Strapped to his chest was a tackle box-sized contraption with a dozen switches and a small computer screen. Nearby in a slip at Chula Vista’s Marine Group Boat Works, the yacht was
Aker American Shipping ASA and Overseas Shipholding Group, Inc. announced today that they have signed an agreement in principle pursuant to which Aker American Shipping subsidiary, Aker Philadelphia Shipyard, will construct up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fi
COSCO Corp (Singapore) Ltd said its 51 pct-owned unit COSCO Shipyard Group has won a 185.2 mln usd contract from Chinese-Polish Joint Stock Company (Chipolbrok) to build four heavy lift vessels.
American Commercial Lines Inc. (Nasdaq: ACLI) (“ACL” or the “Company”) announced today that the Company plans to increase wage rates for hourly production and maintenance employees at the Company’s Jeffersonville, Indiana manufacturing facility by an average of approximately 11% this year, including
Rescuers yesterday airlifted all 10 crew from a mining company ship after the vessel took on water and began to list in rough seas whipped up by a tropical cyclone off northern Australia. The MV Wunma, owned by Australia’s Zinifex Ltd, remained afloat in the Gulf of Carpentaria, about 80km north of
The Artemis Ocean Racing team will be building a state of the art Open 60, designed by Rogers Yacht Design Ltd this year. The plans for the new boat, which is being built to compete in the 2008 Vendée Globe, are currently well underway. The new Open 60 is scheduled to be launched in early […]
Construction of a US $260 million heavy industrial complex began in the Dung Quat economic zone (EZ) in central Quang Ngai province on February 7. According to the Ministry of Industry, Doosan-Vina is the biggest foreign-invested heavy industry project in Vietnam.
Sociedade Nacional de Combustíveis de Angola (Sonangol) and Total E&P Angola, a wholly owned subsidiary of Total, announce new oil discoveries with the eighth and ninth exploration wells drilled on Block 32 in the ultra deep waters of the Angolan offshore. Drilled in a water depth of 1,977 metres, t
The Navy plans to spend $14.4 billion next fiscal year on building ships, according to the Defense Department. The funding will go toward a new aircraft carrier, a Virginia-class submarine, an amphibious assault ship, a logistics ship and three Littoral Combat Ships, according to a summary of overal
While meeting at the Western Conference Exposition (West 2007) here Jan. 31 to discuss future shipbuilding options, senior Department of the Navy officials also took the opportunity to expound on Chief of Naval Operations (CNO) Adm. Mike Mullen’s 1000-ship Navy concept. Vice Adm. John G. Morgan, Jr.
