Nakilat in $950m LNG Tanker Deal
Reuters reported that Qatar Gas has raised $950 million of debt to fund its acquisition of 25 LNG Tankers. The vessel reportedly are being built by Daewooo, Hyundai and Samsung.
Chariot Oil & Gas Starts Seismic Program
Chariot Oil & Gas Ltd reported that on block 2714A, offshore Namibia, another seismic program has started. Enigma Oil & Gas Exploration (Pty) Limited, the company's wholly owned subsidiary…
Euroseas to Purchase Drybulk Carrier
Euroseas Ltd. (NASDAQ:ESEA) signed a memorandum of agreement to purchase a Panamax drybulk carrier of 74,020 dwt, built in 2000 in Japan, for approximately $27.5 million.
North Belut CPP Topsides Loaded Out
J. (J. Ray) announced the successful construction of an approximately 14,000-ton integrated deck constructed at its fabrication facility on . The North Belut Central…
Norilsk Nickel to Start Loading Cargo Again
Norilsk Nickel reportedly expects to restart loading cargo ships after a seasonal halt of its main export outlet, the Arctic , caused by flooding, according to a Reuters report.
Venezuela to Nationalize Ports
Reuters reported that is set to nationalize the companies that run some of its ports. The affected ports receive many of the imports that depends on, but do not…
Rickmers Celebrates 175 Years
Their family has been involved in shipping for 175 years. They are the fifth generation and today run two independent groups of companies: Bertram and Erck Rickmers…
New Wave Piercing Design for Offshore
In at Norshipping 2009 Roll-Royce debuted an innovative wave piercing design for the offshore market, the new UT 790 CD vessel design. “With the UT 790 CD, we can support offshore exploration and production further and deeper while at the same time improving safety and minimizing the impact on the environment,” said Svein Kleven, Rolls-Royce Chief Design Manager – Offshore. The unique hull piercing…
Bender Fights Bankruptcy
Bender Shipbuilding & Repair, based in Mobile, Alabama, said that a petition has been filed to put the company into involutary bankruptcy. The company had yet to be served…
USN Hands Over 17 Suspected Pirates
Reuters reported that the U.S. navy handed over 17 suspected Somali pirates to Kenya on Wednesday, taking the number of such captives in prisons along the east African country's coast to 111.
Wärtsilä Expands in Mexico
Wärtsilä opened its new office and workshop facilities in Mexico, in the city of Veracruz, which is the largest container shipping port in the country and is home…
Eccleston Bids Farewell
Greek members of the ‘A’ rated, 100 million GT North of England P&I club bid farewell yesterday to managing director Rodney Eccleston during a reception at the British Embassy in Athens.
GE LM2500+G4 Earns Three Certifications
GE Marine reports it has completed a gas turbine engine qualification testing program for its LM2500+G4 marine aeroderivative gas turbines. As a result, the engine is now certified by three key organizations: Bureau Veritas, RINA S.p.A., and American Bureau of Shipping (Naval Vessel Rules). “To meet engine qualification requirements for the LM2500+G4, GE devised a rigorous testing program that was approved by all three key organizations,” said Brien Bolsinger, GE Marine general manager.
Maersk Raises Rates on Far East to Europe Route
Maersk Line would like to announce rate increases on our services from the to . The trading conditions for the carriers operating in these markets are still subject…
Jensen Tapped to Head Caprock Maritime Division
Pal Jensen was named president of Caprock Communication’s Maritime Division. Jensen, a telecommunications industry veteran, moves into this role from his former…
Bee Mar Set to Enter GOM Market
Former Sea Mar President Van C. DeWitt recently announced details about the newly formed marine transportation company, Bee Mar LLC, which he currently heads as President and CEO.
DNV: 15% Emission Reduction, No Added Costs, Available Now
Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs.
Cold Ironing Exploration Gets "Green Light" at Port Everglades
Port Everglades got the "green light" from the Broward County Commission to begin exploring the possibility of installing shore-side power, commonly called "cold ironing…
Shipbuilders Reportedly Squeeze Plate Prices
It was reported on MySteel.net that some South Korean shipbuilders have required to cut its shipbuilding plate price by USD 150 per ton to USD 200 per ton. The…
New Escort Vessel for the U.S. Navy
After 54 years of building only commercial vessels, Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered its first high-speed patrol boat for the federal government. The 64-foot screening escort vessel, with the mission of securing high-value Naval assets, will be operated by the U.S. Coast Guard. The all-aluminum boat features a C. Raymond-Hunt-designed deep-V hull, with a CPI Marine fender system, and is powered by twin MTU diesel engines and connected to water-jets.