CHICAGO -- Salvage is now complete for the tug boat stuck off the coast of Lake Michigan. The Kimberly Selvick started taking on water Monday afternoon after having mechanical problems. It became ...

One of the unique features of maritime law is the concept of salvage. The basic idea is that when you drop what you’re doing to save someone else’s vessel from peril, you ma ...

[SINGAPORE] Integrated marine logistics company Marco Polo Marine : 5LY +0.57% said on Wednesday (Mar 18) that its indirect subsidiary, PKR Offshore, secured a long-term charter contract valued at ...

Master Boat Builders Inc., Coden, Ala., has signed a contract with Austal USA to fabricate hull modules for the U.S. Navy’s ...

Marine salvage is a risky business financially and physically and is governed by complex legal systems, frameworks, and conventions. Over the past two decades the industry has contracted and has ...

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company christened and launched a salvage tug being built for Nippon Salvage Co., Ltd. The ceremony took place at the ...