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Announces Completion

Govan Yard Under The Gun

BAE Systems Plc warned that future employment prospects at its Govan shipyard near Glasgow are wholly dependent on new orders being won. The group was announcing completion of the $3.6 million rescue acquisition of Govan from Norway's Kvaerner agreed in July. BAE has agreed a 20 year lease of the land and buildings in a joint deal with port services group Clydeport Plc, which will own the site.


Genco Shipping to Acquire Six Drybulk Vessels

Genco Shipping & Trading Limited announced that it has agreed to acquire six drybulk vessels with an average age of approximately 2 years from affiliates of Evalend Shipping Co. S.A. for an aggregate purchase price of approximately $336m. The acquisition is subject to the completion of customary additional documentation and closing conditions. Genco plans to finance the acquisition through borrowings under its $1.4b revolving credit facility.


Aries Maritime Provides Update on the Bora

Aries Maritime Transport Limited announced that it expects to complete repairs to the Bora, a 2000-built double-hull products tanker, before the end of the second week of October 2006 at a total cost of approximately $1.3 million. Following the completion of repairs, Aries plans to initially employ the vessel in the spot market prior to securing a period charter. The Company's previous time charter arrangement with FR8


Canyon’s Quest ROV Awarded Drill Support Contracts

Canyon Offshore, Inc., has announced that it has been awarded drill support contracts on board the drilling rig Rowan Midland for its new electric Work Class ROV, Quest #3. In June, Canyon mobilized the new built Quest #3 on board the rig for Energy Resource Technologies, Inc. (ERT) to support ERT’s re-entry well work on East Cameron block 374. Upon completion of the ERT contract, Canyon will provide ROV services to Remington Oil & Gas at East Cameron 377 to support drilling and completion


Hercules Offshore Announces Rig Contracts

Hercules Offshore, Inc. said that Oil and Natural Gas Corporation Limited (ONGC) has awarded three-year contracts for the Hercules 258 and Hercules 260 jackup rigs for drilling operations offshore India. The contract for the Hercules 258 is expected to commence in mid-second quarter 2008 following the completion of an existing contract commitment offshore India. The contract for the Hercules 260 is expected to commence in late first quarter 2008 following the completion of shipyard work on the


Entertainment Cruises Plans Cruise Boat Renovation

Spirit of New Jersey Schedules $1.5 Million Renovation for Completion in Spring 2012.   Entertainment Cruises, the largest harbor cruise company in the United States, today announced that plans are underway for a $1.5 million renovation of the Spirit of New Jersey, scheduled for completion in time for the spring/summer season. It will feature quality improvement initiatives aimed at modernizing the vessel and providing a fresh and trendy dining and entertainment experience.  


NGSS Completes Acceptance Trials on USS Ronald Reagan

Northrop Grumman Corporation announced that the nation's newest and most advanced nuclear-powered aircraft carrier, Ronald Reagan (CVN 76), has successfully completed acceptance sea trials. The Reagan is the ninth Nimitz-class carrier built by Northrop Grumman's Newport News sector. The acceptance trials are conducted with representatives of the U.S. Navy Board of Inspection and Survey for testing and evaluation of the ship's systems and performance.


Golar LNG Sells Newbuild

Golar LNG announced an agreement to sell its existing interest in new building DSME hull number 2244 to Maran Gas for $92.5m, this represents an implicit vessel price of $201 million. Golar estimates that its book cost of investment in this vessel at completion of the sale will be approximately $51.5 million and this transaction therefore represents a significant return on investment for shareholders.


DCT Gdansk celebrates Phase 1 completion

The completion of the first phase of development of Poland’s new deepwater container terminal, DCT Gdansk, was celebrated yesterday with a reception onboard the cruise vessel Lady Assa. DCT Gdansk management and directors were joined by public, city and port officials, representatives from the international shipping community, and civil engineers involved in the construction process as the vessel sailed from her berth at Motlawa in Gdansk’s ‘old town’ to DCT Gdansk’s 650m of completed quay.


Contract to Drill Well in GOM

Atwood Oceanics, Inc., (NYSE:ATW) a Houston-based international drilling contractor, announced that the Richmond has been awarded a contract by Applied Drilling Technology, Inc. to drill one well in the U.S. Gulf of Mexico at a dayrate of $52,500. This well (estimated to take 40 days to complete) will be drilled immediately following the completion of the rig's current contract which is expected to terminate in late April 2009 or early May 2009.


Alfa Laval buys Frank Mohn for $2.17 bln

Swedish engineering group Alfa Laval said on Monday it had agreed to buy Norwegian marine and offshore pumping group Frank Mohn for 13 billion Norwegian crowns ($2.17 billion) in cash. Frank Mohn, headquartered in Bergen, Norway and with approximately 1,200 employees, posted 2013 sales of 3


GTT Training Center Announces First Course

GTT Training Center announces that registration is now open for the first training course to be run at the new center which will take place on June 23, 2014.  The course will be a LNG Cargo Operations Course for ships officers and will take place at its facilities in


Houston Ship Channel Dredge Contract Awarded to RLB

A dredging operation: File photo CCL

Amongst the latest listing of US Department of Defense contracts, RLB Contracting of Port Lavaca, Texas, has been awarded a USD$8,286,850 firm-fixed-price contract for deep draft maintenance dredging of the Houston Ship Channel from Carpenters to Greens.


ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to improve welding efficiency and coating quality in commercial vessels. Until now


Electric Boat Gets USS Minnesota Refit Funding

USS Minnesota departs Norfolk Jan 2014: Photo credit USN

The U.S. Navy has awarded Electric Boat a US$57.2-million contract to prepare and perform maintenance work on the 'USS Minnesota' (SSN-783), a Virginia-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.


New Hospital Ship to be Classed by LR

Rendering of Atlantic Mercy courtesy of Mercy Ships

Lloyd’s Register (LR) says it is honored to be the classification society of choice for Mercy Ships latest endeavour, a new 36,600 GRT hospital ship scheduled for completion in 2017, and to be named 'Atlantic Mercy'. LR explain that the hospital ship will be designed by the Finnish firm


PPG Delivers Pipe Coatings in South Africa

Coatings specialist says it draws on local production network and highly experienced team to deliver high specification products for local utility project. PPG Protective and Marine Coatings announced completion of a major project for Africa Pipe Industries


NewLead Buys Two Bulk Carriers

NewLead Holdings Ltd. announced that it has executed definitive agreements for the acquisition of two eco-type 31,800 dwt, Handysize bulk carriers built in 2012 for a total acquisition price of $37 million. The two eco-type vessels are expected to be delivered in NewLead by the end of June and


Jaccar Proposes Bid for Bourbon Shares

Bourbon has been informed of a proposed bid for its shares at a price of 24 euros per share, announced March 16, 2014 by its main shareholder, Jaccar Holdings. This offer is conditional upon obtaining 50.1% of the capital and bank financing.


Babcock Completes DSV Refit for Bibby

Bibby Polaris at Rosyth (Photo: Babcock)

Babcock has completed a contract to undertake a substantial refit on Bibby Offshore’s dive support vessel (DSV), Polaris, at its Rosyth dockyard. The project was Bibby’s largest ever refit package and underlines Babcock’s move to expand its role in the maintenance and refitting


Seanergy Completes Financial Restructuring

Seanergy Maritime Holdings Corp. announced today that it has closed on its previously announced delivery and settlement agreement with its remaining lender to unwind its final secured credit facility. The company has sold its four remaining bulk carriers to a nominee of the lender in full


China Firms ZTE & COSCO in Greek Port Logistics Deal

China's leading global provider of telecommunications equipment and network solutions ZTE and  shipping conglomerate COSCO have signed an agreement allowing Greece's Piraeus Container Terminal (PCT) as a European logistics center for ZTE products for the wider Southern European region


Moore Director Declines Permanent Position at Port of L.A.

Photo: The Port of Los Angeles

Interim Port of Los Angeles Executive Director Gary Lee Moore announced today that he will not apply for the permanent position. After an executive director is selected and in place, Moore will return to his duties as Los Angeles City Engineer.


NRC Acquires Specialized Response Solutions

National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, announced today the completion of the acquisition of Specialized Response Solutions (SRS). NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response


Montreal-Lake Ontario Seaway Opening Delayed

File photo CCL3

The St. Lawrence Seaway Management Corporation has announced that it has delayed its annual opening of the Montreal-Lake Ontario section until March 31, 2014. The Management Corporation informs that the Canadian Coast Guard is already undertaking icebreaking to support the movement of commercial


 
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