News

FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust, announced that the company revenue for the full year FY2012 decreased 4.2% to US$106.1 million against the previous year (“FY2011”).

Possible pathways to reduce CO2 emissions from shipping are just published in a new position paper from DNV Research and Innovation, giving directions for more environmentally friendly seaborne trade.

The Island Chieftain has again proven the UT 776 design by being awarded a 5 years contract with BP Norge AS (BPN).

On January 16, Heerema Marine Contractor’s new Deepwater Construction Vessel Aegir set sail for the Netherlands after almost 19 months of construction at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Okpo, South Korea.

OOCL announced the christening of two 13,208-TEU mega vessels at a ceremonial event held at the Geoje Island Shipyard in Korea on Friday, the first time the company is taking delivery of newbuilds of this size.

Wärtsilä, the marine industry’s leading solutions and services provider, has been selected to supply the main engines and auxiliary generating sets for a new Scottish owned ferry.

Island Challenger will complete her present charter with Statoil Petroleum AS in September 2013, where she has been a part of Statoil’s PSV pool since she delivered from the yard in 2007.

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and leading offshore facilities contractor announced the Company, as a sole EPIC contractor

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels,

GE Oil & Gas has won a contract worth more than US$500 million to supply turbomachinery equipment and services to Petrobras, a world leader

CP Latina informed SD Standard Drilling Plc., that they will exercise previously granted option for purchase of B338 jack-up rig, currently under construction at Keppel

China State Shipbuilding Corporation (CSSC) has sealed a deal to build two additional drillships for Reignwood Group’s subsidiary

Bibby Remote Intervention Limited (BRIL), a division of Bibby Offshore, is expanding its fleet by signing a contract to charter the multi-purpose offshore vessel the Toisa Warrior in its biggest vessel charter to date.

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, today announced the Company won an order for five 14,000 TEU containerships

Sembcorp Marine announced that Jurong Shipyard has successfully restored and floated the jack-up rig that tilted on

Crews from two Royal Navy ships helped prevent a tug from sinking on the evening of January 13 in a dramatic rescue off the Devon coast.

Alicat Workboats will construct four bespoke aluminium catamarans for the UK energy supplier in the latter part of this year

OSX, an offshore and shipbuilding integrated solutions company belonging to the EBX Group, has obtained the certification for

The United States Navy’s Military Sealift Command (MSC) has extended the charter of the Austal high speed vessel WestPac Express for six months

Offshore Driller 1 Ltd., a wholly owned subsidiary of SD Standard Drilling Plc., today announced that the company has completed the financial and legal closing