Tidewater Nabs Eight Vessels From Sanko
Tidewater has completed the previously announced transaction of eight vessels from the Sanko Steamship Co. at a price of $160 million. Four of the vessels in the purchase are large anchor-handling…
Delta Queen Coastal Voyages Launches Second Ship
Just five months after the shipyard launch of Delta Queen Coastal Voyages' first vessel, the second ship in the new fleet was christened at Atlantic Marine, Inc.…
Kvaerner Philadelphia Places $60 Million Worth Of Supply Orders
Kvaerner Philadelphia Shipyard, part of the Anglo-Norwegian engineering and construction group, to date, has placed supply orders for nearly $60 million with local…
Cammell Laird Secures Upgrading And Drydocking Of RFA Argus
Cammell Laird has been awarded a multi-million dollar contract to drydock and upgrade the RFA helicopter support ship Argus. This award follows the successful refit…
Bollinger To Build Two Liftboats For Cardinal Services
Bollinger Shipyards, Lockport, La., has signed a contract to build two 245-ft. (74.6 m) class liftboats for Cardinal Services, a subsidiary of Superior Energy Services, Inc., Harvey, La.
Hanjin Signs $150M Commercial Paper In U.S.
South Korea's shipping container operator Hanjin Shipping reportedly signed a deal with ABN AMRO Bank to issue $150 million in asset-backed commercial paper in the United States.
Russia Claims It Heard "SOS" From Foreign Sub
Russia recorded SOS signals from a foreign submarine when its own nuclear submarine, the Kursk, was sinking with 118 sailors on board in August, a top navy commander reportedly has said.
Wholesale Port Sell-Off Not An Option
South Africa said it would not go for the wholesale sell-off of ports as they were regarded as strategic assets. Public Enterprises Minister Jeff Radebe said that…
VLCC Rates Hit Highs
Middle East to Asia bound very large crude carrier (VLCC) rates have hit to a new record high beyond the psychological barrier of W200, brokers said on Tuesday.
Dry Bulk Markets Lower
The Baltic Dry Index (BDI) shed seven points to 1,701, the Baltic Panamax Index (BPI) eased four points points to 1,520, the Baltic Handy Index (BHI) dropped eight points to 1…
Mytilineos Eyes Major Stake In Shipyard
Greek engineering and metallurgy group Mytilineos is eyeing a majority stake in Hellenic Shipyards in an effort to penetrate further into Greece's defense industry, a company official said.
IEA: Carbon Emissions Set to Rise Steadily
World energy use will grow by a steady two percent a year from now till 2020, and carbon dioxide emissions which contribute to unwanted climate change will rise at about the same rate.
