Overseas Shipholding Buys Heidmar Unit
Overseas Shipholding Group Inc., which owns and operates a fleet of crude oil and petroleum products tankers, completed the purchase of Heidmar Inc.'s lightering business for $41m in cash.
Iraq Plans to Renew Oil Tanker Fleet in S.Korea
Iraq aims to rebuild its ageing fleet of tankers to carry its crude oil exports and is planning to form a joint venture shipping company with a South Korean firm…
Seal Hunt Ships Rescued from Crushing Ice Pack
Dozens of ships carrying commercial seal hunters have been rescued from crushing ice off the coast of Canada's eastern Newfoundland province, authorities said, but…
Keppel Gets $105.7m in Contracts for Conversion, Shipbuilding
Keppel Offshore and Marine, a unit of Keppel Corp, has secured conversion and shipbuilding contracts worth $105.7m. The contracts involve converting two Floating…
Eitzen Orders Tankers from Jinse Shipbuilding
Eitzen Chemical ASA has signed an agreement with Jinse Shipbuilding Co., Ltd. in Korea for two coated 13,000 dwt chemical carriers for $23.6m per vessel. The vessels will be delivered in 2008.
Aker Kvaerner Opens New Facility in Houston
Aker Kvaerner will officially open its new North Sam Houston Parkway facility in Houston on April 25. The new purpose built facility will include operational support of three main activities…
KONE Wins Order for NCL Ships
KONE has signed its largest ever single contract for cruise ships. The contract was signed with Aker Yards for the supply of all elevators and escalators in two luxury 4…
Kongsberg Maritime Signs Deal For Advanced Subsea Systems
Kongsberg Maritime has signed a contract with the shipyard Alcock Ashdown Ltd. of Gujarat, India, for advanced subsea systems valued at approximately $58.6m. The…
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