Korea to Inject $2.64 bln into DSME
South Korea's state-run banks are expected to raise more than 3 trillion won (US$2.64 billion) to prevent Daewoo Shipbuilding and Marine Engineering (DSME) from being delisted, reports Korea Herald.
Maersk Names Fourth Jack-up at DSME
Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jack-up was named on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea.
Olympic Shipping to Get Finance
The struggling Norwegian supply vessel shipping firm Olympic Shipping said a consortium of investors is willing to invest about 500 million Norwegian crowns ($61.79…
SeaBird Exploration: 2D Long Offset in Belize
SeaBird Exploration, a provider of seismic data to the oil and gas industry, will acquire a long-offset survey offshore Belize. "We are pleased to announce that…
Nakilat Delivers Steady Performance in Q3
Nakilat has announced its financial results for the third quarter ended 30 September 2016, where the Company’s net profit reached QR 749 million compared to QR 757…
Florida's First Ocean-to-Air Transhipment
Already the busiest port of entry in America for international air freight, Miami International Airport will soon be able to receive perishable freight imports by…
Oldendorff Acquires 8 Vessels
In the Babycape segment, Oldendorff's London office usually operates around 30 vessels in its global network of trades. The company informed that it likes to have…
USC, Ports Partner to Improve Supply Chain Technology
A strategic partnership with the USC Marshall Center for Global Supply Chain Management aimed at improving the global competitiveness of the nation’s supply chains was signed by U.S.
USN to Commission Destroyer Zumwalt
The Navy will commission the destroyer Zumwalt (DDG 1000), Saturday, Oct. 15, during a 5 p.m. EDT ceremony in Baltimore, Maryland. The ship is named in honor of Adm. Elmo R.
TraPac to Double Terminal size at Oakland Port
TraPac, LLC has reached agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, CA-based TraPac said today it plans to lease an additional…
China Planning $100 bln Merger of Sinochem, ChemChina
Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertilizer and oil giant with…
Denmark Gets QUALSHIP 21 Certificate
Once again, the U.S. Coast Guard has issued Denmark with the well-reputed certificate for United States Coast Guard's Quality Shipping for the 21st Century Program (QUALSHIP 21).
MOL to Launch Biannual Vessel Safety Campaign
Mitsui O.S.K. Lines, Ltd. (MOL) has announced the launch of its biannual safety campaign to begin on October 15, targeting all MOL group-operated vessels. MOL views…
MRV-Ready Approval For DYNAMARINe
DYNAMARINe has announced that its Emissons Monitoring Platform (EMP) has been certified as Monitoring, Reporting and Verification (MRV)-ready and in compliance with the EU MRV IT requirements.
MSC Active in 8th World Rice Conference
Mediterranean Shipping Company S.A (MSC) considers the the 8th World Rice Conference, in Thailand is a perfect opportunity to meet customers, detail our enhanced offering for the commodity…
Sea Trucks Awarded Contract Offshore Ghana
Sea Trucks Group said it has secured a contract award from Tullow Ghana Limited for the provision of a Construction Support Vessel (CSV) providing Accommodation and Heavy Lift services to the turret moored FPSO Kwame Nkrumahe, located in the Jubilee Unit Area, 60 km offshore Ghana. The scope of work covers accommodation for up to 120 company pax. The scope also includes the heavy lift of two 50 Ton fairlead chain stopper foundation block structures…
Germany Orders Five More Navy Ships
Germany has agreed to spend 1.5 billion euros to buy five more corvettes for the navy, the navy said on Friday, and Die Welt newspaper quoted lawmakers as citing…
Brunswick Wins $72 Mln Order from US Southern Command
Brunswick Commercial & Government Products (BCGP) said it has been awarded a multi-year, multi-unit contract valued at $72 million. The single-award, indefinite-delivery/indefinite-quantity contract is for both 32-foot and 37-foot Boston Whaler Justice boats and will include spare parts, maintenance and training support for The United States Southern Command (SOUTHCOM) area of responsibility, which includes Central America, South America and Caribbean nations.
Wärtsilä to Power Mediterranean's First LNG Ferry
Wärtsilä said it has signed a contract with Construcciones Navales del Norte SL (LaNaval) shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry being built for Spanish owner Baleària, an operator serving the Balearic Islands. There is also an option for a second vessel. The contract, signed in August 2016, will also see Wärtsilä provide inclusive project support services to the yard…
Euronav Defers VLCC Resale Deliveries into 2017
Euronav NV said it has agreed with Hyundai Heavy Industries (HHI) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently…