Danish offshore vessel owner Maersk Supply Service will let go 55 people in an effort to cut its onshore costs.The company said Wednesday that, in response to the negative development in the oil and gas industry, Maersk Supply Service today announced that it will reduce its onshore costs by 30 percent.
Maritime Administration implements new way of doing business in government shipbuildingNot only is the Maritime Administration (MARAD) back in the shipbuilding business with the National Security Multi-Mission Vessels (NSMV), the agency is using an innovative procurement method using an indefinite delivery
Dredging contractor Weeks Marine has ordered a new trailer suction hopper dredger from Eastern Shipbuilding Group, to be delivered in the first quarter of 2023.The new dredge, RB Weeks, to be constructed at Eastern's Allanton shipyard in Panama City, Fla. will be a sister ship to the Eastern-built twin screw TSHD Magdalen placed into service in 2018.
A U.S. Navy sailor died on Monday after contracting the coronavirus aboard the U.S. aircraft carrier Theodore Roosevelt, whose captain was fired after warning his crew would die unnecessarily unless strong action was taken.The sailor, the first active-duty U.S. servicemember to die from coronavirus complications
Bouchard Transportation Co. reports all back pay has been processed as the company continues to work to raise capital that would allow it to return its vessels to service, the company's president and CEO Morton S. Bouchard III said Tuesday in a letter to staff, customers and vendors.The full letter is below:To Bouchard Transportation Co., Inc.
A real estate development company is looking for a U.S. city to become the new home for one of America's most historic ocean liners.Having reached a deal with the ship’s nonprofit owner last year, RXR Realty has been developing a plan to restore the famed SS United States and this week issued a Request for Expressions of Interest (RFEI) seeking a permanent waterfront location where America’s
A World War II era submarine sunk during a Cold War training exercise off the shores of Hawaii more than six decades ago has been discovered by a team of ocean explorers utilizing pioneering robotics and methods at the forefront of today's underwater technology.USS Stickleback (SS 415), lost in nearly 11,000 feet of water 62 years ago
Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills.According to industry sources, payments known as war risk premiums for tankers shuttling through the Strait of Hormuz could rise significantly
Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating LNG facility is designed to extract gas from deepwater gas reservoirs in depths up to 1,500 meters.With PFLNG Dua, the national oil and gas company of Malaysia owns and operates two floating LNG facilities
The Arleigh Burke-class guided-missile destroyer USS John S. McCain (DDG 56) completed her necessary repairs and extensive, accelerated upgrades over the last two years, following a fatal 2017 collision.The ship and her crew, now underway to conduct comprehensive at sea testing, will perform a series of demonstrations to evaluate onboard systems to ensure they meet or exceed Navy performance
General Dynamics (NYSE: GD) appointed General Dynamics NASSCO president Kevin Graney as president of General Dynamics Electric Boat, effective October 1. David J. Carver, NASSCO’s vice president and general manager of repair, will succeed Graney as president of General Dynamics NASSCO. Jeffrey S. Geiger, who has served as president of Electric Boat since 2013, will retire effective September 30.
Newbuild MarketUnsurprisingly, across the offshore sectors, newbuild orders have been scarce to none. Oversupply is still a major problem for the industry and due to slippage, ordering vessels now would be counterproductive. Why order brand new vessels from a yard and wait several years for these to be delivered