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  • 27 September 2010

    A Navy Department official says Northrop Grumman Corp.’s plan to exit military shipbuilding has complicated contract negotiations with the Navy. Assistant Navy Secretary Sean Stackley on Friday said the problem is that the Navy is negotiating a contract for future ships with a company that won’t be carrying out the pact.

  • 2 March 2016
    Business & Finance

    The bankruptcy administrator of Lithuanian Shipping Company (LSC) has put up the company’s bulker fleet on auction as part of LSC’s bankruptcy procedure. The move follows a ruling from Klaipeda Regional Court and relates to five vessels. The ships being sold are 24,000 DWT Venta for EUR 1.9 million, 16,900 DWT Deltuva for 1.5 million, 17,800 […]

  • 2 June 2016
    Business & Finance

    Klaipeda County Court has decided to declare the PC Lithuanian Shipping Company bankrupt and began the process of liquidation, the company said in a notice to creditors dated May 30. As disclosed, the bankruptcy administrator is convening the meeting of the creditors of the insolvent company on 10 June 2016, the agenda being the sale process of the movable […]

  • 23 August 2016
    Business & Finance

    Rowan Companies, a Houston-based drilling contractor, has appointed Charles L. Szews to its board of directors, effective immediately. Rowan said on Monday that this appointment raises the director tally to ten, nine of which are independent. Before his appointment, Szews served as CEO of Oshkosh Corporation, a manufacturer, designer and marketer of specialty vehicles and […]

  • 19 March 2012
    Business & Finance

      Euroseas Ltd., an owner and operator of drybulk carriers, containerships and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it sold for scrap one of the oldest container vessels in its fleet, the M/V Jonathan P, a 1,932 teu gearless containership built in 1990. The Company […]

  • 25 March 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Hydroid, a leading provider of autonomous underwater vehicles, recently announced that Mr. Duane Fotheringham took the role of the President of the Company. During a phone interview Mr. Fotheringham expressed his satisfaction with the Company’s growth, and its recent participation at the Oceanology International exhibition and conference. When asked about Hydroid’s future goals, Fotheringham said: […]

  • 12 March 2013
    Business & Finance

    Chevron Corporation, executives said today at the company’s annual security analyst meeting in New York that the company is continuing to deliver industry-leading operational and financial results and progressing key development projects. “We had another outstanding year in 2012. We continue to lead the industry in total shareholder returns and most other safety and financial […]

  • 3 October 2017

    Baker Hughes, a GE company, said that the current BHGE president and CEO, Lorenzo Simonelli, has been appointed as chairman of the BHGE board, effective October 2. 

  • 22 January 2016
    Business & Finance

    South Korea-based shipping company Hyundai Merchant Marine (HMM) is in talks to sell its bulk shipping business to a compatriot private equity firm Hahn & Company, the company said in a stock exchange filing. The business could be sold for an amount of some USD 497 million (KRW 600 billion), however, HMM said that a decision has not been made yet. […]

  • 27 February 2019
    Business & Finance, Exploration & Production

    Rowan Companies sank to a loss in the fourth quarter of 2018 from a profit in the year-before period. The driller says it is cautiously optimistic when it comes to improvements in overall offshore rig demand. 

  • 21 April 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Rowan Companies has been awarded two contracts for one jack-up drilling rig, while the dayrate for Rowan’s other jack-up could be slashed retroactively if the client exercises its extension option.  According to the offshore driller’s latest fleet status report, Rowan’s high-spec jack-up drilling rig Ralph Coffman was awarded an estimated three month […]

  • 5 June 2013

    A highly-experienced figure in the subsea sector has been appointed Managing Director of DOF Subsea UK. Giovanni Corbetta, who was most recently Managing Director with Hallin Marine, will lead the company’s transformation from vessel operator to provider of integrated subsea solutions for the market from its headquarters in Aberdeen. In total, Giovanni has more than […]

  • 9 April 2015

    Petronet LNG, India’s largest importer of liquefied natural gas, said that Jyoti Kiran Shukla has been appointed as Woman Independent Director on the Board of the company.

  • 9 April 2015

    Petronet LNG, India’s largest importer of liquefied natural gas, said that Jyoti Kiran Shukla has been appointed as Woman Independent Director on the Board of the company.

  • 15 March 2017
    Business & Finance

    Russian Murmansk Shipping Company (MSCO) is being sued by Arctic Mining Company, which is asking for the return of an advance payment related to a shipping contract from 2015. Arctic Mining Company requested the termination of the dry bulk cargo shipping contract signed between the duo in 2015, as the rates were described as being […]

  • 3 September 2012

    SeaRobotics Corporation has teamed with a private equity group led by Ocean Investments Capital to fund the expansion of the company’s core business, including the production of Unmanned Surface Vessels (USVs), the commercialization of its Robotic Hull Cleaning systems, and the development of new product lines in the ocean sciences and survey markets. SeaRobotics is […]

  • 19 June 2019
    Business & Finance

    UUV Aquabotix has appointed Anand Sundaraj as a new company secretary effective June 14, 2019. The appointment comes after the resignation of Jonathan Swain as company secretary effective June 14, 2019. “The company thanks Mr Swain for his service as company secretary,” Aquabotix said. Aquabotix appointed Sundaraj to replace Swain as company secretary. Sundaraj previously […]

  • 24 April 2015

    As of 1 May, Thijs Aarten will be interim Managing Director of Ecofys. He will be replacing Manon Janssen, who has tendered her resignation after being CEO and Managing Director with Ecofys for five years. Thijs Aarten has over 33 years in the energy sector. He has worked for Shell, Vopak and was CEO of KEMA. […]

  • 4 February 2015

    Mitsubishi Heavy Industries has determined, effective October 1, to establish two new group companies at its Nagasaki Shipyard & Machinery Works’ Koyagi Plant.

  • 4 February 2015

    Mitsubishi Heavy Industries has determined, effective October 1, to establish two new group companies at its Nagasaki Shipyard & Machinery Works’ Koyagi Plant.

  • 13 May 2015
    Business & Finance

    Ulstein Group has reported a good result for 2014 with an operating turnover of NOK 2.7 billion (approx. EUR 323 million) and an operating profit of NOK 184 million (approx. EUR 22 million). There was a good market for design and equipment packages during 2014, the company said. ULSTEIN entered into contracts for the construction of […]

  • 27 December 2016

    The Hawaiian Electric Companies have not included liquefied natural gas as fuel for power generation in the near-term energy plans.