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July 24, 2017 11:31 PM ET

Keppel, Sembcorp Merger on the Cards ?

 A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might be on the cards, report local media quoting the Development Bank of Singapore (DBS).   DBS said that with orders at a trough and expectations for only a modest recovery,

July 24, 2017 11:25 PM ET

Helix Energy Cuts Q2 Loss

 Oil service company Helix Energy Solutions has narrowed its loss in the second quarter of 2017 backed by increased activity of its well intervention business. Mainly North Sea operations helped narrow the firm’s losses.   The group, which controls

July 24, 2017 11:25 PM ET

Höegh LNG Secures Financing for FSRU Unit

 Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million debt financing for its eighth floating storage and regasification unit (FSRU).   The Facility comprises a 12 year export credit agency (ECA) term loan of

July 24, 2017 11:24 PM ET

Nakilat Ends H12017 with Net Profit of USD 112 mln

 Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended 30 June 2017 with a net profit of QR 409 million (USD 112 mln) compared to QR 501 million (USD 137mln) of the same period last year in 2016.

July 24, 2017 11:24 PM ET

Certification for MOL Environmental Management System

 Mitsui O.S.K. Lines (MOL) has announced that on July 20, its core dry-cargo ship management company, MOL Ship Management  received a new certification of its Environmental Management System ISO14001: 2015 and Energy Management System ISO50001from Nippon

July 24, 2017 11:23 PM ET

USS Constitution Refloated

 After a two-year restoration at historic Dry Dock 1 at Charlestown Navy Yard, Boston National Historical Park, America's oldest commissioned warship, USS Constitution was refloated July 23.   Since entering dry dock on May 18, 2015, ship restorers

July 24, 2017 11:23 PM ET

Nautical Institute Rolls Out Ice Navigator Scheme

 The Standard Club has advised its members that at the start of July the Nautical Institute launched its Ice Navigator Scheme. This scheme is designed to help meet the demand for properly trained officers with the skills and knowledge to handle a ship in ice.

July 24, 2017 11:22 PM ET

India: The Admiralty Bill 2017 Gets Upper House Nod

 Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2017, introduced during the Winter Session of Indian Parliament came up for discussion in the Rajya Sabha (Upper House) and was passed unanimously by the house.    The Bill aims to establish

July 24, 2017 5:45 PM ET

Two Windermere Cruise Vessels Repowered

Two passenger service vessels operating at one of the U.K.’s most popular visitor locations have been repowered as part of a regular maintenance program.   Royston Power Generation, a long established and authorized Volvo Penta center, has supplied

July 24, 2017 5:23 PM ET

Crowley Names Vargas VP, Business Development

Crowley names Daniel Vargas new Vice President of International Business Development, prtnering with Jeffrey de la Combe to enhance Caribbean services   Veteran sales executive in ocean transportation and logistics Daniel Vargas has been appointed

July 24, 2017 5:18 PM ET

Engineering Entrepreneur Buys Wren Industrial

Merseyside maritime company Wren Industrial & Marine Fabrications has been bought by Merseyside entrepreneur and former member of the Armed Forces Jonathan Willoughby.   Bootle-based Wren Industrial has been run for 27 years by husband and wife team David and Helen Wren.

July 24, 2017 4:47 PM ET

BAE Systems Begins Building UK’s Next Warship

BAE Systems said it has begun to build the first of the U.K. Royal Navy’s new Type 26 Global Combat Ships.    Sir Michael Fallon MP, U.K. Secretary of State for Defense, visited the builder’s Glasgow shipyard to press the button to officially commence production on the new warship,

July 24, 2017 3:46 PM ET

Houston Pilots Train for Post-Panamax Vessels

 Members of the Houston Pilots recently participated in two custom-built simulation courses vital to their Pilotage duties in the Houston Ship Channel and the Port of Houston, the largest landlocked Port in America. Each course was two days long, and

July 24, 2017 3:31 PM ET

Study Examines Economic Impact of US Waterways

A study unveiled today documents the contribution of the American tugboat, towboat and barge industry to the U.S. economy.   The study, developed through a cooperative agreement between the American Waterways Operators (AWO) and the Maritime Administration

July 24, 2017 3:04 PM ET

Weeks Marine Orders $60 Mln Cutter Dredger

Weeks Marine Inc. (WMI) has ordered a new $60 million oceangoing, 30-inch hydraulic cutter suction dredge, the JS Chatry. Construction is underway in Belle Chase, La., at C&C Marine and Repair.   “While the national coastal restoration and protection market is growing,

July 24, 2017 1:22 PM ET

New Multi-mission Patrol Boat for Montauk, NY

A new 38-foot multi-mission patrol boat for Montauk, N.Y. will be officially dedicated during a “splash down” ceremony on July 26.    Delivered by aluminum boat builder Silver Ships, Inc., the vessel is a multi-agency, multi-mission vessel designed

July 24, 2017 1:11 PM ET

Cruise Ship Passengers Evacuated after Blaze on Board

Almost 200 passengers and crew on a cruise along the Danube river had to be evacuated from their vessel on Monday when a blaze broke out on board, the Austrian fire service said.   The passengers, who were on a trip with German river-cruise line A-Rosa from Linz to Budapest,

July 24, 2017 12:45 PM ET

TORM Buys Resale MR Tankers from GSI

Danish ship owner TORM said it has purchased four resale medium range (MR) tankers from Chinese shipbuilder Guangzhou Shipyard International (GSI), with an option to purchase up to four additional MR vessels.   The first four vessels are due for delivery in 2019,

July 24, 2017 10:46 AM ET

French and Filipino Firms Bid to Operate Bissau Port

French firm Necotrans and the Philippines' International Container Terminal Services submitted bids on Monday to operate Guinea Bissau's main port, the transport minister said, as the government looks to cede control to a private operator. The main port in the capital Bissau,

July 24, 2017 10:03 AM ET

Workshops Address Burning Issues in a Changing World

 A series of one day NEXT GENERATION Workshops are being held 'back to back' at the Grand Harbor hotel and conference venue overlooking the historic port of Southampton, U.K., October 24-26, 2017.   The NEXT GEN program combines a group of dynamic international presenters with panel discussions.

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