CSSC Plans $0.6B Private Placement
China CSSC Holdings (600150) plans to raise up to four billion yuan from a private placement of 60 million shares at not less than $0.6b per share, reports Shanghai Securities News…
China Marine Reports Record 2010 Revenues of $122.7 Million
China Marine Food Group Limited (NYSE Amex: CMFO) ("China Marine" or the "Company"), a manufacturer of Mingxiang® seafood-based snack foods, "Hi-Power" marine algae…
Record Numbers Attend The IBIA Annual Dinner 2011
THE International Bunker Industry Association (IBIA) welcomed a record number of 985 members and their guests to its 17th Annual Dinner at the Grosvenor House Hotel in London last week.
New Fireboat for City of Chicago
The City of Chicago recently contracted Hike Metal of Wheatley , Ontario Canada to construct a new heavy- duty NFPA 1925 Type III Fireboat to replace its 55 year old fireboat. This sleek new 90-ft boat is designed to break up to 12 inches of first year ice at three knots and can therefore operate year round on Lake Michigan and the Chicago River .
Marlink Provides Sealink to Atlantic Oilfield Services
Marlink, global provider of maritime satellite communications, has recently confirmed delivery and installation of its Sealink VSAT solution on the Atlantic Oilfield Services oil & gas support unit KS Titan 2. Chartered by Exxon Mobil, KS Titan 2 is the second Atlantic Oilfield Services rig to be installed with Marlink's Sealink system. "Since its installation, the crew have been very satisfied with Marlink's Sealink VSAT.
Maris Launches Zero Downtime ECDIS Service
Electronic Navigation specialist Maris has launched ‘Zero downtime ECDIS’, a new product support service devised to ensure that, once mandatory, Electronic Chart…
BG’s LNG Carrier Series Complete
The ABS-classed Methane Mickie Harper, a 170,000 m3 liquefied natural gas (LNG) carrier for BG Group built at Samsung Heavy Industries, Co. Ltd., was recently named…
Onboard Noise and Vibration Course
The course “Onboard Noise and Vibration” is a joint initiative of HME in cooperation with the Dutch research institutes MARIN and TNO. The international training takes place in Delft, the Netherlands, on 24 and 25 May 2011. This training is of interest to engineers, naval architects, R&D managers and instructors. The training aims to link theory to daily practice and trains employees in the principles of noise and vibrations.
BMT De Beer Publishes Guidelines for Reefer Sector
In a bid to help reduce costly compensation claims and minimize the potential loss which can occur when transporting chilled and frozen foodstuffs, independent marine survey and consultancy…
Dolphin Drilling to Receive the First ISDS Class Notation
“With the diagnostics and remote access that is being built into our rigs now, it is really important that software integrity is flawless,” said CEO Ivar Brandvold of Fred. Olsen Energy ASA.
Navico Appoints New Regional Sales Managers
Navico, parent company to the Lowrance, Simrad Yachting and B&G brands, announced the hiring of two new Regional Sales Managers, Chris Melena and Russ Stevens. Melena…
Wilhelmsen Ships Service Acquires Eurokor Logistics
Wilhelmsen Ships Service has signed a definitive agreement to acquire Eurokor Logistics, a ships agency, logistics and forwarding company based in The Netherlands and Belgium.
Black Ball Ferry Purchases Victoria Express
Black Ball Ferry Line is purchasing the business operations of the Victoria Express from Victoria Rapid Transit in a deal announced today by both companies. Terms of the sale were not released.
This Day in U.S. Coast Guard History - March 4
1907- Congress appropriated $30,000 for installing wireless telegraph on not more than 12 revenue cutters. 1915- Secretary of the Treasury was authorized by Congress…
This Day in U.S. Naval History - March 4
1911 - Appropriation of first funds for experiments in naval aviation. 1925 - Congress authorizes restoration of USS Constitution. 1947 - Operation Highjump, air operations in Antarctica, ends.
Teekay Sells Offshore Unit
(NYSE: TK) announced today that it has agreed to sell its remaining 49 percent interest in Teekay Offshore Operating L.P. (OPCO) to Teekay Offshore Partners L.P.
Nordic Tankers Carries Out a Directed Share Issue To Former Minority Investors in Five Chemical Tankers
Nordic Tankers has today carried out a directed issue of 1,181,809 new shares to former minority investors in the five stainless steel vessels acquired from Clipper and other investors in January 2010. The issue increases Nordic Tankers’ share capital by 3.1% from DKK 37,764,888, nominal value, to DKK 38,946,697, nominal value, and as the share issue constitutes less than 10% of the outstanding share capital no prospectus is required.