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".
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 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
"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
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
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
The ITB Marine Group Ltd. (ITB) is currently well into construction of the first of two, twin Z-drive, ATB pusher tugs for service on the West Coast of North America. The tugs are being built at their Annacis Island Shipyard near Vancouver. The tugs will be connected by an articulating pin system
Marine transportation provider and the United States’ largest operator of OSVs, Edison Chouest Offshore (ECO), has teamed up with Damen to build 13 heavy duty mooring assistance and escort tugs. The vessels will be built in the U.S. using ECO’s network of five shipyards with support
Smith Berger Marine, Inc. said it has been selected by Edison Chouest Offshore to design and manufacture the Tow Pin Stern Roller units required on its nine new vessels, including five escort tugs and four docking tugs. Edison Chouest is building the new tugs in order to execute a 10-year
Rolls-Royce has signed a contract with Edison Chouest Offshore (ECO) worth more than $41 million to deliver propulsion and deck machinery for 13 new tugs, including five which will have a direct bollard pull of around 150 metric tons.
Transnet National Ports Authority (TNPA) is on track with its $100m tug building contract and celebrated the ceremonial launch of the fourth of its nine new tugs being built in Durban. The tug – named OSPREY in honor of the fish eagle – will serve at the Port of Saldanha
Nordic American Offshore Ltd. (NAO) said it will move its corporate domicile from the Republic of the Marshall Islands to Bermuda. According to NAO, the change of corporate domicile will not affect the company’s day-to-day business
Nordic American Tankers Limited (the "Company") today announced an underwritten public offering of 11,000,000 common shares pursuant to the Company's effective shelf registration statement. At the Company's request, the underwriters have reserved for sale an aggregate of 534
A.P. Moller-Maersk , Danske Bank and Nordea Bank will sell their shareholdings in shipping lender Danish Ship Finance worth 4.25 billion Danish crowns ($638.05 million) to a consortium of Danish investment funds, the company said Wednesday.
Nordic American Offshore Ltd. (NAO) announced that Alexander Hansson, the son of the company’s chairman, Herbjorn Hansson, today bought 100,000 shares in NAO. The share price was $3.65 share.
Steady, smooth, powerful, highly maneuverable: these were comments from mariners on board for sea trials of Jones Marine Group’s new tractor tug, David J. The new workboat was put through its paces in fine form. The boat is an A.G. McIlwain-designed 53 by 26
Maritime UK participated in a Department for International Trade scoping mission aimed at boosting maritime exports to the Nordic-Baltic region. The discussions which took place at the Foreign Office, provided an opportunity to highlight the work of Maritime UK in response to the
As the oil industry awaits a much-needed rebound, Foss Maritime’s robust presence in the Arctic region underscores its commitment to the region, the environment, and a business plan that looks ahead to the next chapter. Reports of the death of commercial Arctic activities have been
Royal Boskalis Westminster (Boskalis) joint ventures Keppel Smit Towage and Maju Maritime have ordered two innovative LNG dual-fuel harbor tugs, which marks a breakthrough for realizing clean environmentally friendly harbor towage services in the Singapore port
Keppel Offshore & Marine (Keppel O&M) announced it has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbor tugs, and signed a Memorandum of Understanding (MOU) with Keppel-Royal Dutch Shell plc (Shell) to jointly explore opportunities in using LNG
Vessel sales for September 2016 (as of October 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD Bulk Carriers 9/25 - LONDON SPIRIT - 20,412 - 99 - (17) - $1.6