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 Maritime’s latest fleet addition wins first work with energy giant. Nordic Maritime has announced its newest DP2 vessel, Mokul Nordic, has been contracted for a 30 days firm plus an optional 15 days charter in the North Sea by international energy provider Statoil. “At Nordic Maritime, we are delighted to have won our inaugural contract with Statoil in 2014, the year in which we celebrate our 15th anniversary,” said Kjell Gauksheim, Nordic Maritime CEO.
Nordic Maritime, a leading offshore service operator, today announced its MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel. Nordic Maritime was awarded a five year charter for the DP2 IMR Subsea vessel, from Noble Energy, the international oil services group, in October. “We are glad to announce that our vessel
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
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
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
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
Multraship and Damen Shipyards Group agreed on three new ASD (Azimuth Stern Drive) Tugs, all for delivery to Multraship in 2015. After delivery in Vietnam, scheduled for the end of first-quarter 2015, two state-of-the-art ASD Tugs 3212 will operate for Multraship as sister vessels to the 83-ton
Kompania di Tou Korsou places an order for two tug vessels from Damen On December 9, five years after the delivery of two ASD Tugs 2810 KTK Tribon and KTK Barakuda, Damen Shipyards Group and Kompania di Tou Korsou (KTK) signed an agreement for the delivery of two Stan Tugs 1205.
Nordic Maritime’s MKIII subsea service vessel, Mokul Nordic, has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel. Nordic Maritime was awarded a five-year charter for the DP2 IMR Subsea vessel from Noble Energy in October
On 30 October Kuwait Oil Company (KOC) CEO Mr Hashem Sayed Hashem attended the naming ceremony of the ASD 3212 tug vessel KOC Shahem at Damen Shipyards Galati. The KOC Shahem is the second in a series of 14 tugs that Damen is building for KOC
The Bunker Holding Group has established a new subsidiary operating under the name Unioil Supply A/S. The physical setup, based in Aalborg, consists of professionals from the former OW Supply & Trading. The Danish-based Bunker Holding is the parent company of a group of companies
Second of 14 tugs on order for the Kuwait Oil Company at Damen Shipyards Galaţi A naming ceremony for the Kuwait Oil Company’s (KOC) new ASD 3212 tug vessel, KOC Shahem, was held October 30 at Damen Shipyards Galaţi. The KOC Shahem is the second in a series of 14 tugs that Damen is
Sharjah Ports Authority and Damen Shipyards celebrate keel laying of two new vessels Sharjah Ports Authority and Damen Shipyards officially celebrated the keel laying of two new vessels on December 11 at Damen Shipyards Sharjah, the Dutch group’s new facility
In the NAT press release of December 1, 2014, we informed the investor market that NAT had acquired further shares in Nordic American Offshore Ltd. (NAO), increasing the ownership from 17.1% to 18.0%. Following the weaker stock market environment in the oil sector
Two new Suezmax newbuilding tankers increase NAT's fleet size to 24 vessels. Nordic American Tankers Limited (NAT) has announced that it has entered into a preliminary agreement with Sungdong Shipbuilding & Marine Engineering Co., Ltd
Royal Caribbean Cruises Ltd (NYSE, OSLO: RCL) named two senior company executives to lead the company’s two largest brands. Michael Bayley, who worked his way up from an assistant purser’s position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean
The tug Falcon was built by Modern Marine Inc. in 1978. In the intervening years, companies that employed her have changed hands a number of times until 2013 when Vane Line Bunkering of Baltimore, Maryland purchased Kirby Marine’s Philadelphia bunkering division.
JonRie Marine Winches supplied its fifth ship set of full bollard pull winches to New York’s McAllister Towing for installation on its new tug, Tate McAllister. The 92-foot x 32-foot Z-Drive tug was designed and built by Washburn & Doughty of East Boothbay, Maine
Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG). This will be the first harbour tug in the Middle East region to operate on gas
JK Fabrication (Nordic Machine) wins emergency tow reel order from Olympic Tug and Barge Olympic Tug and Barge, a Harley Marine Services Company, has selected four JK Fabrication emergency tow storage reels for new barges being built at Zidell Shipyard in Portland (the first two) and Vigor
Scrabster Harbor Trust (UK) has taken delivery of a new harbor tug / workboat, a Damen Stan Tug 1606. The vessel, named Highlanders, will replace itscurrent workboat which was built in 1976. The new tug will undertake pilotage, towing, general harbour and maintenance duties.