Hyundai to Make a Bid for Daewoo
Hyundai Heavy Industries Co. plans to bid for a $3.1b controlling stake in Daewoo Shipbuilding & Marine Engineering Co. reports said. A preliminary offer will be submitted Wednesday.
Omega Reports 2Q Results
Omega Navigation Enterprises Inc., reported second-quarter results that topped analysts' expectations, helped by higher charter rates and number of operating days of its Panamax tankers.
This Day in Naval History - Aug. 26
1775 - Rhode Island Resolve: Rhode Island delegates to Continental Congress press for creation of Continental Navy to protect the colonies. 1839 - Brig Washington seizes Spanish slaver…
U.S. Shipping Partners Accepts Delivery of ATB
U.S. Shipping Partners announced the completion of its second Articulated Tug Barge (ATB) unit on schedule with the delivery of the barge Petrochem Producer from Bay Shipbuilding at .
Intellect Technologies Launches Intell-e
Intellect Technologies has launched the Intell-e transportation suite. Intellect built the Intell-e product range on the latest Oracle platform, which is designed to incorporate functionality…
Aker Solutions Wins Contract from Daewoo
Aker Solutions Malaysia Sdn Bhd has won a contract from Daewoo Shipbuilding & Marine Engineering (DSME) Malaysia Star reported. Aker Solutions opened a hi-tech manufacturing…
TBS Takes Delivery of Handymax
TBS International Limited has taken delivery of the M.V. Fox Maiden, previously known as the Explorer, a 1985 built, 40,902 dwt handymax bulk carrier. The Company…
Tankers to Resume Loadings From BTC
Tankers will begin loading oil tomorrow from the Baku-Tbilisi-Ceyhan pipeline for the first time since a fire affected the main outlet for Azeri crude to and European markets almost three weeks ago…
Aker Solutions Awarded Contracts for Offloading Systems
Aker Solutions has been awarded several contracts for supply of offloading systems. The total contract value for Aker Solutions is approximately $16m. The contract awards are from the Joint Venture Euronav/OSG and MODEC International LLC for the supply of offloading systems. The Euronav/OSG contract consists of offloading systems for two Floating Storage and Offloading Units (FSOs). The contract with…
Doosan Drops out of Daewoo Bid
Doosan Group pulled out of the bidding for Daewoo Shipbuilding, while steel firm POSCO said it was seeking partners to make a bid. POSCO, the world's No.4 steelmaker…
Polarcus Orders Six From Ulstein
Offshore shipowner Polarcus has ordered six new ships of Ulstein design. The Ulstein SX124-, Ulstein SX133- and Ulstein SX134-type vessels will be built at Drydocks World Dubai. Polarcus is committed to the environment and innovative solutions, and has done business with the Ulstein Group before. The two new designs, Ulstein SX133 and Ulstein SX134, are the first vessels with the Ulstein X-BOW to receive DNV’s ICE-1A class notation, which means they can operate in Arctic waters.
