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DOI Proposes to Lease 90 Percent of U.S. Outer Continental Shelf

Posted on 01/05/2018 by Sea Technology magazine Leave a comment

The U.S. Department of the Interior released a proposal Jan. 3, 2018 to lease 90 percent of the U.S. outer continental shelf for oil and gas drilling. If approved, it would replace the 2017-2022 program currently in force with 2019-2024 leases and undo a moratorium on Arctic drilling in place since 2016. The proposal includes 12 leases in the Gulf

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Hyundai Shipbuilding Stocks Drop 29 Percent

Posted on 12/27/2017 by Sea Technology magazine Leave a comment

Hyundai Heavy Industries stock fell by a record 29 percent today after the company announced a plan to sell 12.5 million new shares by March to create capital and hedge against a variety of struggles facing the industry. The company is the second largest ship builder in the world. Shares of Hyundai Heavy Industries’ holding company, Hyundai Robotics, and one

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