Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016. Earnings per ordinary share in 2017 was US22.0 cents, whereas loss per ordinary shar…
Orient Overseas Back to Black Read More »
The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down.
Fieldwood Hungry for US Offshore Output Read More »
Six newly built military patrol boats constructed by Louisiana based shipbuilder Metal Shark have been delivered to the Vietnam Coast Guard. The new deliveries follow an initial round of six Metal Shark 45-foot Defiant-class patrol boats delivered…
US-built Patrol Boats Delivered to Vietnam Read More »
U.S. shipbuilder Vigor has hired Richard McCreary as VP of Business Development and Bill Blount as International Business Development Manager. As VP of Business Development, McCreary will lead Vigor’s growing government programs in ship repair and fabr…
Vigor Hires McCreary, Blount in Leadership Roles Read More »
A section of the lower Mississippi River is closed to vessel traffic after a Singapore-flagged cargo ship reportedly struck a pier and began leaking oil near New Orleans, Thursday. The U.S. Coast Guard said it is responding with the help of local agenc…
Freighter Spills Oil after Striking Pier near New Orleans Read More »