Eagle Bulk Shipping Acquires 26 Ships for $1.1B
Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) has agreed to acquire a fleet of 26 Supramax vessels for $1.1 billion from the parent of Anemi Maritime Services, a private Greek shipping company.
Rolls-Royce Signs $2B, 10-Year Sub Agreement
Pictured is the HMS Vanguard nuclear submarine. Rolls-Royce signed a 10-year contract with the UK Ministry of Defence worth $2 billion to help keep Royal Navy submarines at sea.
With a revised product range and a new corporate structure, Germany’s Schottel announced that its headquarters in Spay/Rhine and Schottel Antriebstechnik GmbH in…
Gdansk Faces Closure
Gdansk shipyard will have to be scaled back or face possible closure as Brussels turns the screw on illegal state aid to the Polish shipbuilding sector. Neelie Kroes…
Annand Named Director of Marine Operations for Superferry
Hornblower Marine Services announced the appointment of Bill Annand as Director of Marine Operations for Hawaii Superferry. Hornblower Marine Services, based in New Albany…
FL Coast Guard Gets New Boat
The US Coast Guard's Fort Myers Beach station received a 33 foot, special purpose law enforcement craft. The boat purchase is part of a joint program with the Department of Homeland Security.
Keppel Corp Wins Contracts
Singapore conglomerate Keppel Corp its unit Keppel Offshore & Marine's subsidiary, Keppel Singmarine Pte Ltd, has won four contracts from four companies to build…
ABG Shipyard Wins $360m Order
ABG Shipyard said it has won a $360m order from Thailand-based Precious Shipping Public Co Ltd, taking ABG's total order book to 55.6 bln rupees. Source: AFX News
EU Drafts Directive on Marine Environmental Policy
The Council of the European Union said that it adopted a common position on a draft directive establishing a framework for Community action in the field of marine environmental policy.
Tidewater Names New Manager for Quality Shipyards
Tidewater Inc. announced that Joseph R. Badeaux has joined Tidewater Inc. as General Manager and Vice President of its shipyard, Quality Shipyards, L.L.C. Mr. Badeaux…
Panama Canal Presents Expansion Program to Financial Markets
Continuing to move forward with expansion plans, Panama Canal executives presented the Canal's Expansion Program to international financial institutions yesterday.
Hornbeck to Acquire Sea Mar Fleet From Nabors
Services, Inc. Industries Ltd. such vessels. generation OSVs and ten conventional OSVs. generation OSV currently under construction at a domestic shipyard with an…
Boston Whaler Celebrates 50th Anniversary
Boston Whaler will celebrate its 50th Anniversary. The chatter began in 1958 when Richard T. Fisher -- a Harvard-educated engineer by trade and a boater by choice…
Senator Collins Won't Support New Port Security Measure
According to reports, proposed legislation that would require mandatory screening of all maritime cargo is being called overkill by some leaders. Senator Collins…
Daewoo Shipbuilding Wins $633M Order
South Korea's Daewoo Shipbuilding & Marine Engineering Co. has won an order worth $633m to build a semi-submersible drilling rig by August 2010, reports said. The…
WorldWise Marine Launches Propulsion Optimization Program
WorldWise Marine, part of the Offshore Ship Designers group, has launched a propulsion and power optimization program, OPROSYS, which evaluates the best propulsion…
OceanFreight to Release of 2Q 2007 Results
OceanFreight Inc. a NASDAQ listed bulk shipping company announced today that it will release its results for the second quarter period ended June 30, 2007 after…
Japanese CNO Visits NAVCENT
Japan Maritime Self Defense Force (JMSDF) Chief of Maritime Staff Adm. Eiji Yoshikawa and Japanese Ambassador to Bahrain Takeshi Kondo met with Vice Adm. Kevin Cosgriff, Commander U.S.
Mexican Navy to Build Radars in Gulf of Mexico
According to reports, Mexico's navy said Monday that it plans to build five radars near oil installations in the Gulf of Mexico to safeguard against terrorist attacks.
USS Kidd Arrives in San Diego
Just hours before her commissioning, the newest Arleigh Burke class guided-missile destroyer USS Kidd sits pierside at the Port of Galveston. Designated hull number DDG 100…