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Report: SPP Group to Build 15

According to a Reuters report, South Korea's SPP Group ( won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.

ISS Palumbo UK Acquires Union Transport

ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd.   The merger of the Union Transport business with ISS Palumbo and its worldwide network will enhance the combination of global project freight forwarding and integrated logistics ISS Palumbo offers to its customers, including ENI, SAIPEM and Air Products.  

Aker Finnyards: Negotiations with Employee Reps Concluded

Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As a part of the restructuring, negotiations were started on November 9 with the employee representatives to improve the productivity of the yards. The formal negotiations have now been concluded, and the number of employees that will be affected will be approximately 315.

New Leadership at Fugro

Fugro GeoServices announced several recent promotions within the company, including two key management appointments: Ted Hampton, president and Adam Jackson, senior vice president. Mr. Hampton is a licensed geologist and former vice president of the company. He replaces longtime leader Mr. Tom Hamilton, who will retire this spring after nearly 30 years with Fugro. Together, Mr. Hamilton and Mr. Hampton led the formation of Fugro GeoServices in 1999 to provide oil and gas clients in the Gulf

Korea Yards to Build Scorpio LPG Tankships

Image courtesy of Scorpio Tankers

Scorpio Tankers signs agreements with two S. Korea shipyards to construct a minimum of 5 & up to 10 LPG tankships, Scorpio's first venture into this specialised market. Emanuele Lauro, chief executive officer and chairman of the board, commented, "We are excited about our entry into LPG which we have long considered an extension of the product market. With common customers, shipbuilders, and trade lanes, and offsetting seasonal swings

Port of Brunswick Wins Honda Import Deal

Photo courtesy of Honda

The Georgia Ports Authority has won new import business from Honda. The 2015 Honda Fit, built at the carmaker’s new plant in Celaya, Mexico, is moving into the U.S. through the Port of Brunswick. International Auto Processing (IAP) will handle the cars upon arrival.   “Highlighting the truly global nature of auto manufacturing, a Japanese company building cars in Mexico has chosen Georgia’s deepwater ports as a vital gateway to the U.S

Hyundai Heavy Reports Q3 Results

According to Reuters, Hyundai Heavy Industries Co. reported a net profit in the third quarter because of more profitable orders and one-off gains from an accounting change. Earnings at South Korean shipbuilders, which dominate the global market, are set to improve due to falling steel plate prices and a more stable South Korean won. But analysts are concerned vessel prices could weaken in the coming quarters due to sluggish global trading volumes and as Chinese shipyards boost capacity

Korean Navy Launches New Submarine

Korea launched a new submarine on Friday. The 214 class Sohn Won-il was launched from Hyundai Heavy Industries in Ulsan. The Shon Won-il accommodates a crew of 40. The 214 comes with a $350m price tag, and the Navy plans to acquire nine of them by around 2020.

Korea's STX Offshore Debt to Equity Swap Hastened

STX Offshore & Shipbuilding Co. will issue new shares worth 38.4 billion won (US$36.5 million) as part of its debt-to-equity swap scheme. The shipbuilder will float 15.37 million shares, which will be listed on the main Seoul bourse on Jan. 9, 2014, reports Yonhap News Agency. Yonhap cite Jeong Yu-mi, a spokesperson for STX Offshore & Shipbuilding, as informing that trhe new share issuance is part of the 700 billion won debt-to-equity swap program aimed at stabilizing the company

Greencarrier Freight Services Achieves ISO Standards

Georg Skivik Moltu (Photo courtesy: Greencarrier Freight Services)

Greencarrier Freight Services’ business has strengthened its position in the energy and project forwarding markets by achieving management (ISO 9001) and environmental (ISO 14001) certification for its Energy & Project Business Unit. “As a new and relatively small company in the oil and gas and project logistics industries, we have to produce a level of quality, personal service and knowledge that exceeds what the competition is doing,” said Georg Skivik Moltu

Monadelphous Bags Shell FLNG Contract

Image: The Ichthys LNG Project, one of the world’s largest LNG developments. Photo by Monadelphous Group

 The engineering group Monadelphous has won a $200 million Shell Australia contract on its Prelude floating LNG project off the Kimberley coast.    The contract is for major, long-term maintenance and modifications services for the Prelude Floating Liquefied Natural Gas (FLNG)

P&O Maritime Rebranded Repasa

Vessels from the Repasa fleet in action. Courtesy DP World

  P&O Maritime has announced the rebranding of its joint venture company Repasa, the Spanish operator of offshore support vessels for the energy industry.   P&O Repasa will become the official brand of the joint venture which has expanded its fleet in the offshore towage

Thordon Wins Environmental Award

Thordon Bearings’ George Morrison was presented with the Tanker Shipping & Trade Environmental Award for the COMPAC system (Photo: Thordon Bearings)

COMPAC, Thordon Bearings’ seawater lubricated propeller shaft bearing system, won the Tanker Shipping & Trade Environment Award following a verdict that the system allows shipowners to cost-effectively comply with stringent marine pollution rules.  

Statoil Picks MacGregor Mooring Systems for Hywind

MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands Photo MacGregor

  MacGregor, part of Cargotec, has won an order for substructure connection mooring systems for the world's first floating offshore wind farm: Statoil's Hywind pilot park in Scotland. MacGregor will be responsible for the delivery of the Pusnes substructure mooring connection system for

ABB Azipod Propulsion for Carnival’s New Ships

Azipod XO (Photo: ABB)

Power and automation technology group ABB announced it has won a repeat order worth $60 million to deliver complete electrical power plants and Azipod XO fuel-saving electric propulsion systems for Carnival Corporation’s two new cruise vessels.

Essar Ports Q2 Profit up 9%

Courtesy Essar Ports

•   Essar Ports Q2 FY’16 net profit jumps 9% Y-o-Y to Rs.104.5 cr •   Essar Ports Q2FY’16 revenue up 8% Y-o-Y to Rs.470.3 cr •   Essar Ports Q2FY’16 EBITDA up 5% Y-o-Y to Rs.379.5 cr

In-hull Dual Fuel Engine Conversion an Industry First

Coral Anthelia (Photo: Cat Marine)

To convert its vessel Coral Anthelia to dual fuel operation, Anthony Veder worked with Cat dealer Bolier to complete the industry’s first in-hull retrofit – saving considerable time and money in the process.    The project saw the retrofit of a marine diesel engine to dual

Imtech Marine Becomes RH Marine Group

Photo: RH Marine Group

The new RH Marine Group, formerly known as Imtech Marine was introduced at the Europort exhibition in Rotterdam today.    Following the recent acquisition by Parcom Capital and Pon Holdings, Imtech Marine will now be known as RH Marine Group

MISC-Bumi Armada Merger Soon?

ARMADA AMAN. Photo by Bumi Armada Berhad

 Shipping giant MISC Bhd and oil and gas services provider Bumi Armada Bhd are said to be in merger talk involving the consolidation of the floating production storage offshore (FPSO) businesses of both companies, say local media reports.  

Merkel Backs German Bid to Build Australian Submarine Fleet

HMAS Collins, part of Australias aging Collins Class, was commissioned in 1996. (Photo: Royal Australian Navy)

Chancellor Angela Merkel voiced her government's support on Friday for a German arms manufacturer's bid to win a $35.7 billion (A$50 billion) contract from Australia to build it a new fleet of submarines.   Germany's ThyssenKrupp Marine Systems (TKMS) and France's state-controlled naval

Cavotec Wins Port Equipment Orders

Photo: Cavotec

Press release- Global engineering group Cavotec has won five separate orders with a combined value of more than $9.6  million for some of its key innovative technologies, including the Group's MoorMasterTM automated mooring system and the new Automatic Plug-in System (APS)

STX Offshore in Deep Financial Crisis

Photo: STX Offshore & Shipbuilding

 The South Korean shipyard STX Offshore & Shipbuilding is apparently close to a bankruptcy if not yard soon find new vendors who are willing to pump huge sums into the yard. Otherwise, there is the prospect of a collapse in the first half of the 2016th.  

Simrad HALO Radar Wins 2015 Design Award

In October 2015, Simrad HALO Pulse Compression Radar also won the NMEA 2015

Simrad HALO Pulse Compression Radar, the world’s first high-performance recreational solid-state, open-array radar system with pulse compression technology, has won the prestigious 2015 Design Award METS (DAME) in the Marine Electronics category at the Marine Equipment Trade Show in Amsterdam

BIMCO Declares Winners of Its 2015 Awards

Declaring BIMCO Awards

Last night in Hamburg, BIMCO President Philippe Louis-Dreyfus chose to give public recognition to all seafarers who have been – and still are – involved in rescuing people in distress at sea. Mr. Louis-Dreyfus awarded the BIMCO President’s Award to Columbia Shipmanagement

LR to Class Nine Tankers for Maersk


 Lloyd’s Register (LR) won the deal for classification of nine Medium Range (MR) type product tankers. Owned by Maersk Tankers, the vessels are to be built at Samsung’s Ningbo yard in China.    These are the first ever vessels ordered by a Danish ship owner to the

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