Shipbuilding

Rolls-Royce unveils an LNG-fueled superyacht concept

NOVEMBER 13, 2017 — There are the rich, the richer and then there are the few who might be in the market for the luxury yacht concept unveiled today by Rolls-Royce at the Global Superyacht Forum (GSF) in Amsterdam. Designed to showcase the advantages of advanced ship intelligence solutions and hybrid propulsion based on LNG fuel and battery power,...

OSM awarded crew management of Lauritzen Kosan gas tanker fleet

VIDEO: Tuco adds autonomous control to its workboat options

NOVEMBER 13, 2017 — Faaborg, Denmark, based Tuco Marine is launching Denmark's first commercially available line of remote controlled and autonomous workboats. Tuco is using technology developed by Boston, MA, based Sea Machine Robotics, Inc. (see earlier story). The Tuco launch announcement comes on the eve of an international conference on autonomous...

Shipping escapes EU emissions trading net — for now

NOVEMBER 13, 2017 — The European Parliament and the EU member states last Thursday agreed on a revision of the EU's Emissions Trading System, ETS, that does not subject shipping to the system. The agreement came after long negotiations until late into the night and, from the outset, the European Parliament was eager to include shipping in the trading...

CMA CGM opts for WinGD engines to power LNG fueled box giants

NOVEMBER 13, 2017 — CMA CGM has chosen Winterthur Gas & Diesel Ltd (WinGD) 12-cylinder X92DF engines (12X92DF) to power the nine 22,000 TEU LNG fueled containerships it is building in two Chinese shipyards (see earlier story). The 92 cm bore, dual-fuel low-speed engines are WinGD's largest and operate on the lean burn Otto combustion process with...

DNO Reports Payment for Tawke Deliveries

Oslo, 10 November 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.53 million from the Kurdistan Regional Government as payment for August 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in...Oslo,...

Huntington Ingalls Industries Increases Quarterly Dividend To $0.72 Per Share; Authorizes A $1 Billion Increase In Its Share Repurchase Program To $2.2 Billion

NEWPORT NEWS, Va., Nov. 07, 2017 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $0.72 per share, a 20 percent increase over the $0.60 per share dividend paid in each of the prior four quarters. The $0.72 per share dividend will be payable on Dec....NEWPORT...

Nordic American Offshore Ltd. (NYSE:NAO) - 3Q2017 Dividend and Earnings Report. NAO is in a solid financial condition.

Link to the complete 3rd Quarter 2017 report:http://hugin.info/159489/R/2148942/824607.pdfHamilton, Bermuda, November 10, 2017.The Board has declared a dividend of $0.02 per share for 3Q2017 to shareholders of record as of November 27, 2017. The payment of the dividend is expected to take place on or about December 12, 2017. Since its...Link to the...

Ørsted completes the divestment of Walney Extension offshore wind farm

Further to our company announcement issued 1 November 2017, Ørsted has today completed the divestment of 50% of the Walney Extension offshore wind farm to PKA and PFA. The acquisition price will be paid in 2017, and the EPC contract payments during 2017 and 2018. The information in this announcement does not change Ørsted’s financial guidance...

Fact vs fiction: BDA and industry respond to ICIJ reports

HAMILTON, Bermuda, Nov. 10, 2017 (GLOBE NEWSWIRE) -- Reportage about hacked data from global law firm Appleby has highlighted the substantial lack of media understanding of offshore investment structures and Bermuda’s long-time reputation for tax transparency and cooperation with international authorities.Bermuda is committed to the exchange of...HAMILTON,...

Platform Specialty Products Corporation Announces Third Quarter of 2017 Financial Results

WEST PALM BEACH, Fla., Nov. 02, 2017 (GLOBE NEWSWIRE) -- Platform Specialty Products Corporation (NYSE:PAH) (“Platform” or the “Company”), a global, diversified specialty chemicals company, today announced its financial results for the third quarter ended September 30, 2017.Highlights for third quarter 2017 (compared with third quarter 2016):Net...WEST...

Saipem BNP Paribas Primary New Issues : Stabilisation Notice

Date: 2nd November 2017Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.Saipem Finance International B.V.Mid-stabilisation Period AnnouncementFurther to the pre-stabilisation period announcement dated 27th October 2017, BNP Paribas, Contact: Rupert Lewis...Date:...

SAExploration Announces Third Quarter 2017 Earnings Release and Conference Call Schedule

HOUSTON, Nov. 02, 2017 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ:SAEX)(OTCQB:SXPLW) today announced plans to release its unaudited consolidated financial results for the third quarter ended September 30, 2017 on Wednesday, November 8, 2017 after close of trading. SAE has scheduled a conference call for Thursday, November 9, 2017...HOUSTON,...

Eagle Bulk Shipping Inc. Reports Third Quarter 2017 Results

STAMFORD, Conn., Nov. 02, 2017 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ:EGLE) (the “Company” or “Eagle Bulk”), one of the world’s largest owner-operators in the Supramax / Ultramax segment, today reported financial results for the three and nine  months ended September 30, 2017.Highlights for the Quarter:•  Net loss of $10.3...

Crowley adds two LO/LO barges to Puerto Rico service

NOVEMBER 2, 2017 — Crowley Maritime Corp. has retrofitted two of its 400 ft x 105 ft heavy lift, flat-deck barges, 455-3 and Marty J, to provide additional capacity to customers shipping cargo between the U.S. mainland and Puerto Rico. With the 455-3 sailing early Tuesday morning from the Port of Jacksonville, Crowley has now expanded its fleet from...

Conrad Shipyard delivers Harley Marine Services ATB

NOVEMBER 2, 2017 — Morgan City, LA, headquartered Conrad Shipyard has conducted sea trials on the Harley Marine Services tug OneCure and the 80,000 BBL, double hull, oceangoing barge Edward Itta as a combined articulated barge unit (ATB). The trials were conducted October 26, ten miles south of Port Fourchon, LA< and the vessels have been accepted...

Crowley to acquire three SeaRiver tankers, charter them back

NOVEMBER 1, 2017 — Crowley Alaska Tankers, LLC, announced today that it has signed an agreement, subject to regulatory approval, to purchase three tankers from SeaRiver Maritime Inc., and charter them back to SeaRiver under varying multi-year terms. Included in the acquisition are the tankers Liberty Bay and Eagle Bay, both built by Philly Shipyard...

Navy releases report on McCain and Fitzgerald collisions

NOVEMBER 1, 2017 — The U.S. Navy today released a report detailing the events and actions that led to the collision of USS Fitzgerald (DDG 62) and the ACX Crystal off the coast of Japan June 17, and the collision of USS John S. McCain (DDG 56) and merchant vessel Alnic MC Aug. 21. "Both of these accidents were preventable and the respective investigations...

TOTE Maritime adds to Puerto Rico services

NOVEMBER 1, 2017 — ​As part of ongoing relief and rebuilding efforts in Puerto Rico, TOTE Maritime is increasing its service offerings and customer support to meet a growing demand for services. The company is adding two barges to its fleet. The first of these departed Jacksonville,FL, yesterday with 375 FEUs of cargo. The second barge is scheduled...

VIDEO: ABS certifies Cyberhawk for cargo tank drone inspections

NOVEMBER 1, 2017 — Livingston, U.K., headquartered Cyberhawk Innovations, a specialist in using drones — more formally unmanned aerial vehicles (UAVs) — for inspection and survey has been certified as an External Specialist by the American Bureau of Shipping (ABS) in providing inspections for internal tanks. The certification means that the data...