Euronav Sells Tankers
announced that the company sold two double-hull Aframaxes, the Fantasy (2002–106,560 dwt) and the Fidelity (2002–106,548 dwt), for an aggregate selling price of $137 million.
Partnerships of Deep-Sea Methane Scavengers Revealed
The sea floor off the coast of , , is home to a diverse assemblage of microbes that scavenge methane from cold deep-sea vents. Researchers at the California Institute…
Braemar to Undergo Lengthening at Blohm + Voss Repair
The cruise ship Braemar entered the Elbe 17 Dock at Blohm + Voss Repair on May 13 for lengthening and other conversion work. The ship, which belongs to the Fred.
Incat Natchan Rera Receives Award
The Natchan Rera, the first of Incat’s 112 metre Wave Piercing Catamarans, has been recognized at Europe’s annual ferry industry event, the Shippax Ferry Shipping Onboard Conference, attended by some 300 ferry shipping executives. Japan’s Higashi Nihon Ferry won the coveted ShipPax Hispeed Concept Award, recognizing the implementation of an integrated ferry system with state-of-the art port terminals as well as the largest diesel powered high speed ferry with separate truck and car decks.
MSC Napoli Report Adds Support to Cargo Mis-Declaration
The ’s Marine Accident Investigation Branch (MAIB) report into the MSC Napoli incident has shown that mis-declaration of the weight and contents of containers was…
Aker Solutions Secures Dow Engineering Contract
The Dow Chemical Company has awarded Aker Solutions a contract to provide engineering services for Dow supplied technologies. Aker Solutions' engineering services…
TBS Announces Follow-On Offering of Common Shares
TBS International Limited announced that it and certain of its shareholders have commenced a follow-on offering of a combined 3,400,000 Class A Common Shares. Jefferies & Company, Inc.
Shortage of Project Cargo Ships
According to CNA, exporters of industrial products are being advised by international buyers they are missing opportunities in selling their goods abroad because…
Gdynia Shipyard May Go Bankrupt
Reports indicate that the economic situation of the Gdynia Shipyard on the has worsened recently. Trade unionists organized a rally in front of the prime minister's office in .
MISC Boosts Reports Q4 Profit
Malaysian liquefied natural gas shipper MISC Bhd reported a 10 percent jump in fourth-quarter net profit on Monday, boosted by its heavy-engineering unit and offshore businesses.
Petrobras Invests Heavily in Ships
Petrobras, which has a $112 billion investment plan through 2012, is expanding and refurbishing its fleet. It has already contracted the construction of 23 tankers…
This Day in Naval History - May 13
1908 - Navy Nurse Corps established. 1943 - Bureau of Navigation renamed Bureau of Naval Personnel. 1945 - Aircraft from fast carrier task force begin 2-day attack on Kyushu airfields, Japan.
Bocimar: Sells 3; Orders 4
In addition, Bocimar has ordered two 176,000 dwt Capesize newbuildings from Jinhaiwan (China). scheduled to take place in April 2009 and July 2010. Finally Bocimar…
