The Maritime Industry's original and most viewed E-News Service
Officials from POSCO, the Ports of Indiana and community leaders gathered to break ground today on POSCO's new wire rod processing center at the Port of Indiana-Jeffersonville.
On June 2-3, 2016, the Ferry Safety and Technology Conference will be held in downtown Manhattan.
Throughout the world, the quickening pace of technological
Korea's 'Big Three' shipbuilders are still the world's three biggest by order backlog, despite their troubled management, according to data from UK-based Clarkson Research Services.
Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.
The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive,
Revenue falls 30 pct; order book at S$9.7 billion.
Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces