On October 11, 2010, Konecranes announced that it had entered into an agreement to acquire the Indian crane company WMI Cranes Ltd. (“WMI”). Konecranes has now received the required regulatory approvals, and WMI will be consolidated into Konecranes’ financial reporting from February 1, 2011. The acquisition is expected to be slightly EPS accretive in 2011.
U.S. Warship Challenges Beijing in South China Sea
A U.S. Navy warship sailed within 12 nautical miles of an artificial island built up by China in the South China Sea, U.S.
USS Abraham Lincoln Departs for Sea Trials
Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) got underway for sea trails, May 9, following a four-year refueling…
North Korea's New Ferry Service Makes First Trip to Russia
A new ferry line between isolated North Korea and its neighbour Russia docked for the first time at the Russian Pacific port of Vladivostok on Thursday. The ferry's…
New Fast Displacement Yacht is First with Hybrid Propulsion
A new motoryacht built by built by the Netherlands’ Heesen Yachts is the world’s first Fast Displacement equipped with hybrid propulsion.
Patrol Boats Delivered to the Vietnam Coast Guard
Six new military patrol boats built by Louisiana-based shipbuilder Metal Shark have been delivered to the Vietnam Coast Guard.
Managing Oil Spills
International experts have been sharing experiences, new technologies and scientific advancements relating to oil spill response…
Asia's Low-Carbon Shipping Mission
A new regional centre, which will provide leadership in promoting ship energy-efficiency technologies and operations, and…
Pacific Radiance, Allianz JV in Middle East
Crest Offshore Marine (COM), the wholly owned subsidiary of Pacific Radiance, has entered into a Joint Venture (JV) Agreement…
Wilhelmsen Drone Project Takes Off
Marking a seismic shift in just how ships agents can support their customers, Wilhelmsen Ships Service (WSS) will soon be delivering its agency
Fincantieri Buys Majority Stake in STX France
Italian shipbuilding company Fincantieri S.p.A. said it has signed a share purchase agreement for the acquisition of 66.
Shipbuilders Council Names McCreary Chairman
Shipbuilders Council of America names Richard McCreary as new chairman; honors Sen. Cochran and Rep. Hunter At its annual spring meeting in
Vancouver: Maritime’s New Home Address
The Vancouver International Maritime Centre (VIMC) is on a mission to grow the city and port into one of the world’s premiere maritime centers.