BW Fleet Management Repair Deal at ASRY
Tanker operator, BW Fleet Management, expanded its Fleet Repair Agreement with ASRY’s Bahrain yard. The new repair agreement was signed by Morten Steen Martinsen, managing director of BW Fleet Management and Chris Potter, CEO of ASRY, in April in Bahrain. The Norwegian company, which operates out of both Oslo and Singapore, manages a fleet of more than 90 vessels operated by BW Gas and BW Maritime…
North P&I Club Loss-Prevention Campaign
The A rated, 100 million North of England P&I club is stepping up its loss-prevention campaign by identifying opportunities within its entered fleet to develop risk…
Çiçek Delivers First of Four 3100 DWT Tankers
The Turkish shipbuilder Çiçek Shipyard has delivered the 3,087dwt double-hull tanker Frecciamare to the Italian shipowner Ciane Anapo Spa. Based in one of Italy's major ports, Augusta, on the east coast of Sicily, Ciane Anapo is part of the Novella Group, headed by Marco Novella, and specializes in coastal tanker and bunker operations. Frecciamare was completed as Chem Flower, the first of four identical…
Dryships Completes “ATM” Equity Offering
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced the…
Containerships Selects Teesport
Containerships, a shortsea carrier, has chosen North East based Teesport, owned by PD Ports, as its strategic freight hub for Northern Europe. The shipping line…
B&G Supports Volvo Ocean Race
B&G announced its technical support of the world’s premier global sailing race, the 2008-2009 Volvo Ocean Race. Making its halfway stopover in Boston this month, the quadrennial competition known as the Everest of Sailing began October 2008 in Alicante, Spain and covers over 37,000 nautical miles. Supporting each team’s dedicated electronics specialist, B&G technical experts began specifying performance instrument system solutions over a year before the race began.
New Int’l Valve Group Created
Valco Group announced its entrance into the market for industrial valves. The new group, with revenues of about $100m in 2008, currently operates in the oil & gas, marine and energy & industry sectors. Valco Group has been formed from the Norwegian and French valve operations of the former Flowtech division of Technor Group. Valco Group, with its head office in Stavanger (Norway), has five operational units: The factory Westad Industri in Norway…
CHS Agreements with Jeppesen Marine
Jeppesen Marine signed two license agreements with the Canadian Hydrographic Service (CHS) in May. The first is a CHS Value-Added Reseller (VAR) agreement authorizing…
Gray, CFO Cobalt International Energy, L.P.
Cobalt International Energy, L.P. named Rodney Gray as Chief Financial Officer and Executive Vice President, effective June 1, 2009. Prior to joining Cobalt, Gray…
Dryships Reaches Agreement on Debt
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that…
Panama Canal, Port Manatee Strategic Alliance
To help spur growth and capitalize on the Panama Canal’s expansion, the Panama Canal Authority (ACP) and Port Manatee embarked on their first-ever strategic alliance.
Aker Solutions Contracts for Petrobras
Aker Solutions has been awarded two contracts for Petrobras' P-55 project in Brazil for the design and supply of an Aker Solutions' Pusnes offshore mooring system(TM)…
Conrad 1Q 2009 Results
Conrad Industries, Inc. announced its first quarter 2009 results and the signing of contracts and sale of barges with a total value of $24m which brings our current…
This Day in Naval History – May 28
1917 - First underway fueling in U.S. Navy, USS Maumee fuels 6 destroyers in North Atlantic. LCDR Chester W. Nimitz served as Maumee's executive officer and chief engineer.