Algae-X International has announced its agreement with Nordic Tugs - the Ed Shelton designed and manufactured boats - to integrate the ALGAE-X's Fuel Decontamination Technology into the fuel systems of their diesel powered vessels. Shelton is incorporating ALGAE-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. ALGAE-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.
Algae-X International has announced its agreement with Nordic Tugs, to integrate the Algae-X Fuel Decontamination Technology into the fuel systems of the company's diesel-powered vessels. Mr. Shelton is incorporating Algae-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. Algae-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.
Nordic Tankers, a Danish shipping company, has its starting point back in 1984. The company cooperates with many other companies within the international shipping industry. Nordic Tankers is Listed on the Copenhagen Stock Exchange joins the Industrials Sector on the Nordic Exchange. Nordic Tankers has experienced a significant growth in terms of earnings and capital. The earnings raised in connection to the listing on the Nordic Exchange will be used to develop the company further
Nordic Shipholding A/S completes sale of chemical tanker activities. In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the sale of its chemical tanker activities to a company controlled by Triton, a European investment company. The acquiring company has today changed name to "Nordic Tankers A/S".
In a major shareholder announcement Nordic Shipholding A/S informs that Nordic Maritime S.à r.l. has acquired a total of 308,791,660 shares in Nordic Shipholding A/S and now directly holds 76.03 % of the share capital and voting rights in Nordic Shipholding A/S: summarised as follows: Conversion of debt and share capital increase As a consequence of the restructuring, Nordic Maritime and the Company’s lending banks have converted debt for a total amount of approximately
Nordic American Tanker Shipping Ltd. announced that the company has taken delivery of the suezmax vessel that it agreed to acquire in July this year. The 2003 built suezmax tanker has been named Nordic Apollo and was taken over today November 09, 2006. Including the Nordic Apollo the fleet of the Company has increased from three to ten suezmax vessels over the last 24 months. The vessel is employed in the spot market thus increasing the Company's vessels with spot market exposure from
In light of the development of Nordic Shipholding A/S's cash position, as announced by the company in company announcement no. 11/13 published on December 13, 2013, Nordic Maritime has informed the company that it will exercise the option granted to Nordic Maritime in the conditional restructuring agreement entered into between the company and Nordic Maritime on 22 November 2013, to subscribe further shares against a cash payment to the Company of $2 million at completion of the restructuring
World Nordic Aps has acquired 16.575.106 A-shares in Bergesen d.y. ASA, ,the number of shares previously held by Petter C G Sundt and Morten Sig. Bergesen, at a price of NOK 180 per share. World Nordic, controlled by the Sohmen family of Hong Kong, also notified the Oslo Stock Exchange that they have acquired 5.144.228 A-shares and 4.698.893 B-shares in Bergesen from Tauro Company Limited. World Nordic now holds 21.719.334 A-shares and 4.698
"Russia is and will remain an essential market for us", stated Vitaly Yusufov, owner and Managing Director of Nordic Yards. "Since their foundation our shipyards in Wismar and Warnemünde have built 400 vessels for the Russian market alone, and nearly 120 featuring ice class 1A or higher." Currently there are a number of Russian contracts in the Nordic order books. For example yesterday, September 23
Nordic American Tankers Limited announce an underwritten public offering of approximately $65 million aggregate amount of common shares. The company's Chairman and Chief Executive Officer, Mr. Herbjørn Hansson is expected to purchase about $2.0 million worth of common shares in the offering on the same terms as other investors. The company says it intends to use the net proceeds of this offering primarily to finance its investment in Nordic American Offshore Ltd. ("NAO")
Singapore-based offshore specialist Nordic Maritime has been awarded a $23.5 million contract to provide 3D marine seismic data acquisition and processing services off the coast of Andhra Pradesh, India, to Cairn India Limited, starting later this month.
Gas tanker operator Avance Gas Holding is planning an initial public offering (IPO) and aims to list its shares on the Oslo Bourse in April, one of its owners said on Wednesday, joining a flurry of Nordic firms planning stock market debuts.
Oil firm Statoil did not respect International Financial Reporting Standards (IFRS) on three points when it reported its 2012 accounts, according to the Nordic country's financial watchdog, the firm said on Tuesday. Statoil, which says its financial reporting is in line with IFRS
ASRY, a ship and rig repair yard in the Arabian Gulf, recently saw six vessels under repair simultaneously on its dual slipways in a sign that the yard’s small and medium sized vessel repair business continues to flourish since the opening of the its state-of-the-art slipways.
Late last year, an innovative project to design and build the world’s first LNG fuelled escort tugs became a reality when the Borgøy was handed over for sea trials by builder Sanmar in Tulza Bay near Istanbul. For the Christening at the Sanmar Shipyard in Tuzla
The Panama Canal Authority is investing in especially powerful tugs for the Post-Panamax era: 14 tractor tugs and 13 ASD tugs with SCHOTTEL propulsion systems were commissioned in the last four years. The youngest generation of 14 tractor tugs delivered by Astilleros Armon Shipyard was recently
Crowley inform that Scott Hoggarth has been promoted to vice president, West Coast harbor ship assist and tanker escort services. He has assumed new overall responsibilities for marine operations and engineering functions, as well as commercial results for Crowley’s tug services offered in
Designers, Robert Allan, inform that Leevac Shipyards has completed the construction of the second of their Z-Tech designed 2400 tugs. The latest, 'Zeus', has been delivered to its owners Suderman & Young Towing Company of Houston, Texas following the earlier delivery of her sister
Reuters - Finnish gas company Gasum is to acquire 51 percent of Norwegian Skangass's distribution operations from Lyse Corporation as it seeks to improve the efficiency of its liquefied natural gas (LNG) network. Gasum said on Monday that the deal
Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) say they have delivered to Milaha the 32m-long tug 'Semesma', the eleventh vessel built in the State of Qatar by NDSQ to be utilized by Milaha at the Port of Mesaieed. ASD tug Semesma has a bollard pull of 80 tons and will be used for
Nordic Shipholding A/S has appointed Thome Ship Management Pte Ltd and Columbia Shipmanagement (Singapore) Pte Ltd as new technical managers of its vessels replacing TB Marine Shipmanagement GmbH & Co. KG. The change in technical manager involves one-off costs.
BMT Group Ltd., an international design, engineering and risk management consultancy, has announced that Jan Kopernicki has joined the Board of Directors as a nonexecutive Director. Jan has extensive experience in the shipping industry, with his career at Shell spanning over 40 years
The offshore shipping company Nordic American Offshore (NAO) has contracted two platform supply vessels (PSVs) of ULSTEIN’s PX121 design. These vessels will be number seven and eight which NAO buys from ULSTEIN. In December 2013, NAO invested in six vessels of the PX121 design
VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), today launched the oceangoing 112-foot Articulated Tug Barge (ATB) Tug, Denise A. Bouchard. Measuring 112 feet by 35 feet by 17 feet, the 4,000hp tug is classed by ABS as A1 Towing Vessel, Dual Mode
Leading Italian tug operator RimorchiatoriRiuniti has ordered a Damen ASD Tug 2411.Reflecting the industry’s move to larger vessels, the new Damen tug, which has a 70-metric-ton bollard pull, will replace a smaller 40-metric-ton unit built in 1990