ABG Shipyard Wins Order from Sealion
's ABG Shipyard Ltd. said it has won an order worth about $136.6m from UK-based Sealion Shipping. Ltd. to build 3 subsea multipurpose vessels for Toisa Ltd.
Siemens to Set up in Durban Harbor Facility
Siemens, a subcontractor to Southern African Shipyards, will build five tugs for Transnet National Ports Authority (TNPA.) The company says it will establish a…
Vinashin Scraps $1b Contract
The State-owned Vietnam Shipbuilding Industry Corporation (Vinashin) has decided to scrap plans to invest $1 billion in a $5 billion steel mill joint venture with 's POSCO…
Excel Maritime Increases Quarterly Minimum Dividend
Excel Maritime Carriers an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today…
Survey Reveals Shipping Retains Confidence Levels
The latest Shipping Confidence Survey by Moore Stephens has revealed that overall confidence in the market for the next twelve months remains unaffected by the global credit crunch.
EC Shipping Boss Calls for a Proactive Industry
The maritime industry needs to be proactive, not reactive, to issues facing it and should see new challenges as opportunities and not as threats, according to Dimitrios Theologitis, head of unit, Maritime Transport & Ports Policy at the European Commission. Speaking at the Ship Management International 2nd International Ship Management in , Mr Theologitis said for this to happen “requires an exercise of collective responsibility from all involved actors, not only from ship owners.
Daewoo Wins $2.3b Orders in June
Daewoo Shipbuilding and Marine Engineering Co., said that it won orders to build 12 ships worth $2.3b this month, Yonhap reported. The company said that nine very large oil tankers…
Chemoil Charters Second Tanker
SGX Mainboard-listed Chemoil has chartered a second tanker to meet growing demand for its offshore fuel deliveries in the . At nearly double the size of the operation’s original vessel, the MY Atlantic, the two tankers will work in tandem to significantly increase supplies at key locations including, but not limited to, Offshore Galveston, Texas and the Louisiana Offshore Oil Port (LOOP). Built in 2000…
Dockwise Subsidiary Takes Delivery of MV Treasure
Following the delivery of mv Talisman in May 2008, the fourth vessel out of a series of six MV Treasure now joins the fleet of Dockwise Transport, a wholly owned subsidiary of Dockwise Ltd.
GS Group Shows Interest in Acquiring Daewoo Shipbuilding
A number of companies have been showing interest in the sale of Daewoo Shipbuilding & Marine Engineering (DSME.) GS Group has expressed interest to acquire the shipbuilder.
Aker Yards Gets $89.7m Loan from STX to Meet Funding Needs
Aker Yards said 40.4 percent shareholder STX Corporation has provided it with a $89.7m loan in order to meet a short-term financing deficit. Aker Yards is in the…
Hampton Roads Receives Rescue 21
The Coast Guard's Rescue 21 Acquisition Project will hold an acceptance ceremony and demonstration at Coast Guard Sector Hampton Roads. Rescue 21 is the Coast Guard's critical command…
Alfa Laval's PureBallast Receives Type Approval
PureBallast, Alfa Laval’s chemical-free system for ballast water treatment, has now received full Ballast Water Type Approval from DNV on behalf of Norwegian authorities.
This Day in Naval History - June 27
1813 - USS President anchors in . 1950 - To support United Nations call to assist , President Harry S. Truman authorizes naval and air operations south of 38th Parallel, .
ACL Announces Amendment of Credit Agreement
American Commercial Lines Inc. (ACL) has obtained the necessary approvals from its bank lending group to secure an amendment to its revolving credit facility (the Credit Agreement).
ZF Marine Names New Segment Manger
ZF Marine has appointed Tim McFarland as Aftermarket Segment Manager. McFarland joined ZF Marine LLC in 1997 as an Inside Technical Representative and most recently…
Blackford Dolphin Rig Under Repair at Keppel Verolme
The original contract signed on February 26, 2004 with Blackford Dolphin Pte Ltd (Owner), a subsidiary of Fred Olsen Energy ASA, for work to be carried on the Blackford Dolphin was $177m.
Aker to Complete of FLC Transaction in July
Aker Yards and the Russian company FLC expects to complete the transaction in which FLC buys 70 percent ownership in three yards in Ukraine and Germany in July 2008.
VT Halter Marine Orders Markey Winch
Markey Machinery Company, Inc. has received an order to supply VT Halter Marine, Inc. with one General Purpose Winch. When delivered in 2009, Halter plans to install…
SMM Istanbul Picking up Speed
The new shipbuilding fair SMM Istanbul has already made quite a splash in the international shipbuilding and equipment supply industries. As Peter Hoggett, Sales Manager Lincoln Diesels Spares Ltd.…