Hapag-Lloyd 2016 Profit Dips on Weaker Box Rates
FY operating profit down 66 pct and freight rates down 15.4 percent in 2016. Company says merger benefits, cost cuts help.
Company to Pay $9.5 Mln for Actions Leading to US Gulf Explosion
Wood Group PSN Inc., a Nevada corporation headquartered in Houston, was ordered to pay $9.5 million in two separate cases involving its conduct in the Gulf of Mexico.
BOEM : Potential Cook Inlet Lease Sale
The Bureau of Ocean Energy Management (BOEM) today announced it plans to offer approximately 1.09 million acres in Cook Inlet…
Wärtsilä, PGS ink Service Deal
Wärtsilä and PGS Geophysical AS have signed a service agreement that makes Wärtsilä the preferred service supplier for engines…
Maritime Cook Islands Technical Department Reconstituted
Maritime Cook Islands (“MCI”), the international ship registry, hassignificantly enhanced its technical department with a…
Fosmax Mulls LNG Bunkering at Fos Cavaou
France's Fosmax LNG has announced that it is considering making short/medium-term investments to modify its existing facilities…
Global Climate Rules Vital for Shipping
International Maritime Organization (IMO) Secretary-General Kitack Lim has spoken about the importance of a global approach…
FCI Debuts Compact, High Output Watermaker
Space is a precious commodity on any vessel, even a large one. Making its debut at the Miami International Boat Show, FCI…
USCG Awards Polar Icebreaker Contracts
The U.S. Coast Guard awarded five firm fixed-price contracts for heavy polar icebreaker design studies and analysis Wednesday.
Pioneering Spirit: Addressing Drive & Control Challenges
‘Lifting’ a 48,000-ton platform in the open ocean is no easy task; special Bosch Rexroth components and control systems on board the Pioneering
Vigor to Build 2 More San Francisco Ferries
Vigor said it was awarded the contract to build two additional ferries for WETA (the Water Emergency Transportation Authority) in San Francisco
Keel Laid for USS Frank E. Petersen
The keel of future guided-missile destroyer USS Frank E. Petersen, Jr. (DDG 121) was ceremoniously laid Feb.