Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization, and has agreed with Korea's Daewoo to delay deliveries of two newbuild drillships.
The U.S. Maritime Administration (MARAD) is seeking the public's help in determining the future of the world's first nuclear-powered merchant ship.The NS Savannah was built by New York Shipbuilding Corp. and launched in 1959 as part of President Dwight D. Eisenhower's Atoms for Peace Program to promote the peaceful use of nuclear energy.
A Valaris drillship went adrift on Tuesday evening, breaking free from moorings near the port at Hunterston, North Ayrshire, Scotland.According to BBC, which was the first to report on the incident on Wednesday, "a major rescue operation has been ongoing overnight," when the 228 meters drillship, Valaris DS4, broke free and started drifting without power.
Memphis, Tenn.-based Southern Towing Company (STC) said Tuesday it has acquired family-owned Devall Towing, in a deal that expands STC’s towing operations into specialty chemical products.Headquartered in Sulphur, La., Devall is a towboat and barge operator for specialty chemicals along the Gulf Intracoastal Waterway and Lower Mississippi River, operating 36 towboats and 125 liquid tank barges.
Cruise operator Royal Caribbean Group said on Tuesday it reached a deal to sell its Azamara brand to private-equity firm Sycamore Partners for $201 million in cash, as it grapples with biting impacts of the COVID-19 pandemic.Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet—Azamara Quest
Edward Schwarz, Vice President for ABB Marine and Ports, received the United States Merchant Marine Academy’s Rear Admiral Lauren S. McCready Award as the 51st recipient.Edward A. Waryas, Jr., Board Member for NYSE-traded KNOT Offshore Partners, LP as the 43rd recipient of the award and co-chair of the award’s committee made the announcement.The Lauren S.
The U.S. Army Corps of Engineers (USACE) officially kicked off the project to deepen of the Mississippi River Ship Channel to 50 feet Friday, as Weeks Marine’s cutterhead dredge Captain Frank started dredging 5 miles above the Head of Passes.The USACE awarded this first contract for the Ship Channel deepening to Weeks Marine on September 3, 2020, and the Captain Frank started the deepening Friday.
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has been awarded a $936 million contract for the construction of an additional Arleigh Burke-class (DDG 51) Flight III destroyer for the U.S. Navy. In 2018, Ingalls was awarded a $5.1 billion fixed-price incentive, multiyear contract for construction of six Arleigh Burke-class Flight III destroyers for the U.S. Navy.
Ingalls Shipbuilding has reopened its rebuilt and modernized facility on the east bank of the Pascagoula River after much of the site was destroyed by Hurricane Katrina in 2005.The Pascagoula, Miss. shipbuilder announced Friday that it moved the newly built destroyer Delbert D. Black (DDG 119) to the east bank's Pier Four, signifying the site's official reactivation.
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Delbert D. Black (DDG 119) to the U.S. Navy.Documents signed today mark the official transfer of custody of the ship from HII to the Navy. Delbert D. Black is scheduled to sail away from the Pascagoula, Miss. shipyard in August 2020.
Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today after it recently accidentally dropped a blowout preventer stack to seabed offshore Angola.The contract, at a day rate of $620,000 per day, is with the French oil major Total for the drillship Valaris DS-8.
The future USS Delbert D. Black (DDG 119) completed builder’s trials February 22 after spending three days underway in the Gulf of Mexico, the U.S. Navy said. The trials were conducted by the shipbuilder, Huntington Ingalls Industries (HII), Ingalls Shipbuilding Division.The ship was previously underway for Alpha trials in December, and will be underway again in March for acceptance trials