The U.S. Navy said yesterday that it was canceling a widely criticized Lockheed Martin Corp. contract to build a next-generation combat ship after negotiations to control cost overruns failed. ‘We’re disappointed, but we have to have it at a price we can afford,’ Navy Adm. Charles Goddard said at a
Golden Ocean Group Limited (“Golden Ocean”) is pleased to advise that the Company has acquired two newbuilding contracts at Daehan Shipbuilding Co., Ltd., South Korea and two newbuilding contracts at Zhoushan Jinhaiwan Shipyard in China. The vessels of 170,000 dwt and 176.000 dwt respectively will b
An unincorporated Aker Kvaerner/ERSAI consortium have started early work activities for Agip KCO for the hook-up and commissioning of the first phase of the Kashagan field development in the Kazakhstan sector of the Caspian Sea. These activities lasts for three months are and are worth up to USD 157
Three crewmen have died and hopes are fading for five others after a boat capsized near a drilling rig in the North Sea. The missing five are believed to be trapped inside the hull of the upturned supply tug.
For the next three years, Statoil will invest NOK 1 billion in environmental technology at the Mongstad refinery north of Bergen. “This will make the entire refinery more robust,” says Bjørn Kåre Viken, vice president for Statoil Mongstad.
Last Friday’s sinking of a cruise ship in the Aegean Sea, which forced the evacuation of nearly 1,600 people and left two passengers missing and presumed dead, was soon followed by accounts of panicky passengers scrambling for life jackets.
The landing of a colossal squid by New Zealand fishermen earlier this year offered a rare glimpse into the mysterious world deep beneath the waves. Scientist Mark Norman uses this week’s Green Room to argue that it also shows how marine life is being destroyed before it is understood.
Bollinger Shipyards, Inc., Lockport, La., of Lockport, Louisiana, has performed conversions and modifications to three separate dive support vessels for EPIC Divers & Marine of Harvey, Louisiana, a leading commercial diving company with over thirty-five (35) years of service to the marine community.
A raging fire aboard an Argentine navy icebreaker forced all 296 people aboard to abandon ship in the South Atlantic, where they spent hours in lifeboats awaiting rescue by an oil tanker and fishing vessels, the military said Wednesday.
Danaos Corporation (NYSE: DAC) today announced that it has signed shipbuilding contracts for five 3,400 TEU vessels with Hanjin Heavy Industries & Construction Co., Ltd. These containerships are expected to be delivered to Danaos from November 2009 through June 2010.
Statoil extends the current well service contract the operator has with Aker Kvaerner for two additional years. The scope of work includes wireline and associated services at the Tampen and Halten/Nordland areas at the Norwegian continental shelf. The estimated contract value is NOK 400 million.
India’s largest engineering firm Larsen & Toubro will be the first company to set up a major state-of-the-art ship- building yard at a cost of Rs 1,500 crore. “We will announce the details of the project in one or two months,” a top company official told PTI, adding the company has identified three
Mr Frank W. Donnelly has been appointed President, Wärtsilä North America, Inc. as of March 27th, 2007. He is also continuing as Vice President, Power Plants in Wärtsilä North America.
Nina Udnes Tronstad, Statoil’s executive vice president for health, safety and the environment (HSE), presented Statoil’s sustainability report at Norway’s far-northern Spitsbergen islands (Svalbard), yesterday. “Statoil has chosen an aggressive approach to the carbon challenge and contributes to wo
