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Oceaneering Acquires New Vessel

Oceaneering International, Inc. (OII) has purchased the Gulf Quest for conversion into a 145-ft. dive support vessel. Built in 2001, and renamed the Ocean Quest, the vessel will be upgraded in spring 2003 and then become available for work in the Gulf of Mexico. When completed it will feature: 2,100 sq. ft of deck space, 24 person accommodations (in addition to vessel crew), dive support equipment installed below deck, marine rated API 10 ton crane on the stern, 24 hr. operational capacity and built-in, below deck, 6 X 6 jet pump After conversion, the Ocean Quest will be ideally suited for Inspection, maintenance, and repair (IMR) activities on pipelines & platforms in water depths down to 300 fsw.

NOAA Seafloor Mapping Project Delivers Diverse Data

Bathymetric Survey Long Island Sound: Image courtesy NOAA

NOAA ship 'Thomas Jefferson' mapping Long Island Sound seafloor this summer contributes to a multi-level data gathering collaboration. In addition to updating NOAA’s nautical charts, ongoing collaborations in Long Island Sound will create products that depict physical, geological, ecological, geomorphological, and biological conditions and processes – all to balance the development of new ocean uses while protecting and restoring essential habitats.

Malaysia Seeks to Develop Shipbuilding

Development of marine engineering related industries, including shipbuilding and repairing, is an important sector the maritime industry in Sabah and Sarawak can exploit further, according to a report in the Daily Express, an East Malaysia newspaper. EMMC 2005 Organising Chairman, Tan Sri Halim Mohammad, according to the news report said a concerted and coordinated approach could be taken to first rehabilitate and rejuvenate some of the existing yards that have potential but have fallen

ACP Commemorates 13 Years of Local Administration

Panama Canal Administrator Jorge Luis Quijano.

The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings.   “The Panama Canal reaffirms its relevance in international commerce more than ever as a result of the decisions and actions that Panamanians have taken with regard to its management

Hempel Says 2013 Brought Record Profits


The Hempel Group announced it delivered a record net profit in 2013, placing it in a strong position to achieve its targets through a combination of organic and external growth. The Hempel Group’s continued focus on efficiency and profitability ensured it delivered a net profit of €65 million in 2013, despite volume growth of only two percent. The Group also secured an EBITDA result of €165 million, the highest in its history.

Miko Marine Launches US Subsidiary

Photo: Miko Marine

Miko Marine AS has opened a subsidiary in Morgan City, La. from where it will be able to supply ship operators and salvage companies throughout the United States with its range of products, including its magnetic patches to prevent ships from sinking. The magnetic patches, often used in conjunction with Kevlar reinforced flexible patches, create a durable water tight seal where ships’ hulls have been damaged by collision or grounding

Navios Maritime Acquires Newbuilds

Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel. The Navios Antares, a 169,059 dwt Capesize vessel, was delivered to Navios Holdings' owned fleet on January 20, 2010 from a South Korean Shipyard. Navios Holdings agreed to acquire a new build Capesize vessel of 180,000 dwt

NOAA Updates Cobscook Bay Area Chart

Northern Maine vessels will be able to navigate more safely around the dangerous Cobscook Bay thanks to an updated version of the area's nautical chart issued by NOAA. The latest chart includes a new detailed illustration-called a "chart inset"-of the waters around Falls Island, providing safer passage for mariners who transit those waters.  While NOAA cartographers had updated Chart 13394 (Grand Manan Channel) over the past several years

BP 'Grossly Negligent' in 2010 US Spill, Fines Could Be $18b

Discoverer Inspiration arrives to install the capping stack in July 2010 (Photo: BP)

A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history. BP said it would appeal Thursday's ruling by U.S. District Judge Carl Barbier in New Orleans, Louisiana, who held a trial without a jury last year to determine who was responsible for

Diana Shipping Acquires Capesize Bulker

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Churchill Bulker, a 2011 built Capesize dry bulk vessel of 179,362 dwt, for a purchase price of $28.5 million. The vessel, to be renamed Seattle, is expected to be delivered to the buyer by mid-November 2015.

Trafigura Backs Out of Tanker Foray

Trafigura has sold five oil vessels to a unit of China's Bank of Communications , ending the trading house's move into owning tankers, the company said on Friday. Under the deal, the five medium-range tankers, ordered by Trafigura in 2013 from a shipyard in China

Oldendorff Acquires 8 Vessels

Babycape Photo Oldendorff

Oldendorff reported that it is continuing its fleet expansion and have acquired eight more vessels, including three Babycapes and five Post-panamax bulk carriers, as follows: 119,000 tdw, built 2011 – UBC Onsan 119,000 tdw, built 2011 – UBC Ohio

SeaBird Exploration: 2D Long Offset in Belize

Northern Explorer  Photo: SeaBird Exploration Group

 SeaBird Exploration, a provider of seismic data to the oil and gas industry, will acquire a long-offset survey offshore Belize.   "We are pleased to announce that the company will acquire a long-offset survey in Belize, starting mid-October 2016

GasLog Orders New LNG Carrier from SHI

Photo courtesy GasLog

 GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180,000 cubic meter LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd. The Financial Services Commission said in a statement that Hanjin will soon file for court receivership but that the impact

Semco Maritime, Langset to Develop Hanøytangen Yard

Photo courtesy Semco Maritime

The two Norwegian companies enter into the agreement to cover development of the Hanøytangen yard as well as pursuing business opportunities in the oil and gas/maritime industry, primarily targeted at the North Sea and international markets

Euroseas Cancels Ultramax Newbuild Order

Euroseas Ltd., an owner and operator of dry bulk and container carrier vessels, has cancelled its order for an Ultramax dry bulk vessel under construction at Dayang yard due to excessive construction delays.   The vessel, Hull Number DY 161

Damen Sells Shoalbuster to V.O.F. Sleepboot

(L- R) Mr. Jos van Woerkum Managing Director of Damen Shipyards Hardinxveld, Mr. Willem-Harm Mastenbroek Owner and Managing Director of V.O.F. Sleepboot ISA from Wijk bij Duurstede. (Photo: Damen Shipyards)

On August 29 a contract was signed by Jos van Woerkum, Managing Director of Damen Shipyards Hardinxveld, and Willem-Harm Mastenbroek, owner and managing director of V.O.F. Sleepboot ISA, for the delivery of a new Damen Shoalbuster 2709.  

Sparkman & Stephens under New Ownership

Photo courtesy of Sparkman & Stephens

Sparkman & Stephens (S&S), the naval architecture and brokerage firm founded by Olin Stephens and Drake Sparkman in 1929, announced that it was acquired by a group of private investors led by Brooke S. Parish and John B. Reuter. The transaction enables S&S to implement expansion

Vigor Introduces Freezer Longliner Design

(Image: Vigor)

Vigor will unveil its new 142’ Freezer Longliner designed specifically for North Pacific fishing at this year's Pacific Marine Expo in Seattle, Wash.   Based on an existing design by Marco Marine, the 142’ x 33.6’ x 14’ vessel has a fish hold capacity of 14

Maersk Sells North Sea Stakes to RockRose

Photo: Maersk Oil

Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea fields to RockRose Energy, the latest new entrant into the ageing basin.   RockRose suspended trading on Wednesday before announcing it has agreed non-binding headline terms and a

Shipbuilding Consolidation: Luerssen Acquires Blohm+Voss GmbH

PHOTO: Betriebsteil Lemwerder©Wolfgang Kundel (terra-air service)

Family owned and Bremen based shipyard, Luerssen acquired storied shipyard Blohm+Voss in Hamburg, the company announced on Wednesday, September 28, 2016.   With the acquisition of Blohm+Voss, Luerssen said it is entering into a long-term relationship to strengthen its portfolio in the

Maersk Line Orders 14,800 New Reefer Containers

File photo: Maersk Line

Maersk Line has ordered 14,800 new reefer containers in 2016, driving the average age of its 270,000 unit reefer container fleet down to 7.9 years.   Part of the reefers replace older equipment, and add to the 30,000 reefers acquired by Maersk Line in 2015.  

Telenor Maritime Acquires Satpoint AB

Telenor Maritime has acquired SatPoint AB, a firm with a strong position in the Baltic Sea with more than 125 maritime broadband installations on ferries, merchant vessels, and floating accommodation units. The merger is dependent on approval from competition laws.  

FRS Launches Caribbean Ferry Service

HSC San Gwann (Photo: FRS Caribbean)

FRS Caribbean has launched its new passenger vessel service from Miami to the Caribbean destination Bimini, Bahamas.   The new service, which began September 23, 2016, transports passengers for a two-hour crossing aboard the high-speed catamaran (HSC) San Gwann with daytrip prices starting

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