Offshore drilling firm Pacific Drilling and certain of its subsidiaries have filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt.The company, which had previously filed for Bankruptcy in 2017, said Friday that it and certain of its domestic and international subsidiaries had filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the
Danish offshore wind turbine transportation and installation company Swire Blue Ocean (SBO) is getting ready for listing on the Oslo Stock Exchange, to position the company for the next phase of its growth.Also, Swire Blue Ocean, as a subsidiary of Swire Pacific Offshore, will be rebranded and renamed Cadeler.
The United States on Wednesday blacklisted 24 Chinese companies and targeted individuals it said were part of construction and military actions in the South China Sea, its first such sanctions move against Beijing over the disputed strategic waterway.The U.S. Commerce Department said the two dozen companies played a “role in helping the Chinese military construct and militarize the
Littoral Combat Ship (LCS) 21, the future USS Minneapolis-Saint Paul, completed acceptance trials in Lake Michigan ahead of final outfitting and fine-tuning before delivery to the U.S. Navy in 2021.LCS 21 is the 11th Freedom-variant LCS designed and built by the Lockheed Martin-led industry team that includes Fincantieri Marinette Marine and Gibbs & Cox.
The advent of autonomy in the maritime and subsea space has received a significant boost with the announcement that a pair of U.S. government titans, the United States Navy and NOAA, have inked an deal to jointly expand the development and operations of unmanned maritime systems.“With the strengthening of our ongoing partnership with the Navy
Ocean Voyages Institute’s marine plastic recovery vessel, S/V KWAI, docked at the port of Honolulu at the end of June after a 48-day expedition successfully removing 103 tons (206,000 lbs.) of fishing nets and consumer plastics from the North Pacific Subtropical Convergence Zone (more commonly known as the Great Pacific Garbage Patch or Gyre).
The U.S. Navy accepted delivery of the future USS Oakland (LCS 24) Friday during a ceremony at Austal USA in Mobile, Ala. The delivery marks the final milestone prior to the ship's scheduled commissioning in early 2021.Oakland is the 22nd littoral combat ship (LCS) and the 12th of the Independence variant to join the U.S. Navy fleet.
All 5,000 personnel aboard the aircraft carrier Theodore Roosevelt will be tested for the coronavirus after the number of sailors on the ship who have tested positive for the virus increased, U.S. Navy officials said on Thursday.The move is the latest example of the coronavirus’s impact on the military.Acting U.S.
“Freedom” – the absence of subjection to foreign domination or despotic governmentIt has been decades since international relations in the world order dictated true competition for sea control, sea lines of communication, access to world markets, and diplomatic partnerships. However, it is becoming increasingly alarming that nations such as Iran
A U.S. Federal Maritime Commissioner said he sees some normalcy returning to trans-Pacific shipping amid widespread upheaval brought on by the coronavirus outbreak.Many Chinese manufacturing and logistics services have been severely hampered by the COVID-19 pandemic, in some cases forcing ocean carriers to cancel services to and from China and the U.S.
Deepwater drilling rig contractor Pacific Drilling has found more work for its Pacific Sharav drillship.The drilling company on Wednesday revealed that Murphy Oil had hired the drillship for work offshore Mexico. According to the fleet status report, Murphy has agreed to charter the unit for two firm wells and one optional well.
Littoral Combat Ship (LCS) 19, the future USS St. Louis, has completed acceptance trials in Lake Michigan and will now undergo final outfitting and fine-tuning before delivery to the US Navy early next year.Christened and launched on December 15, 2018, LCS 19 was built by Marinette Marine in Marinette, Wis. The vessel is the seventh ship in naval service named after St. Louis, Mo.