On October 11, 2010, Konecranes (KNCRF) announced that it had entered into an agreement to acquire the Indian crane company WMI Cranes Ltd. (“WMI”). Konecranes has now received the required regulatory approvals, and WMI will be consolidated into Konecranes’ financial reporting from February 1, 2011. The acquisition is expected to be slightly EPS accretive in 2011.
Hapag-Lloyd Names First of Five 10,500 TEU Box Ships
Hapag-Lloyd held a naming ceremony for the first of its five new vessels in its new 10,500 TEU class containerships, Valparaíso Express.
Myklebust Appointed CEO of Viking Supply Ships
The Board of Directors of Viking Supply Ships AB has appointed Trond Myklebust as Chief Executive Officer (CEO). Myklebust…
Thirty-five People Rescued from Ferry that Sank off Yemen
At least 35 of the 64 people who were on a ferry that sank off Yemen have been rescued, a Yemeni minister said on Wednesday. Rescue teams continued to look for survivors…
India Aims to Boost Low-grade Coal Sales While Global Prices High
India is trying to boost sales of its low-quality coal by offering more of the fuel at home and initiating steps to lower freight costs, while global prices are high…
HullWiper Delivers 100 Hull Cleans for Maersk Line
HullWiper, GAC EnvironHull’s diver-free hull cleaning technology, has completed its 100th clean for Maersk Line. The clean…
New Satellite Communications System For Workboats
McMurdo has announced a new global satellite communications system, McMurdo OmniCom, the first in a family of products that…
Bibby Offshore Wins North Sea Shell Contract
Bibby Offshore, a leading subsea services provider to the oil and gas industry, today announced that it has secured a significant contract with Shell.
First LNG-powered Hopper Dredger Launched
The launch ceremony of DEME’s 3,500m3 LNG-powered trailing suction hopper dredger (TSHD) MINERVA took place on 3 December at Royal IHC's shipyard in
USCG Approves first Ballast Water Management System
The U.S. Coast Guard issued the first U.S. type-approval certificate for a ballast water management system Friday.
Polar Sea Ice the Size of India Vanishes in Record Heat
Sea ice off Antarctica and in the Arctic is at record lows for this time of year after declining by twice the size of Alaska in a sign of rising