Dresser-Rand to Acquire Synchrony
Dresser-Rand Group Inc. (NYSE: DRC) signed a definitive agreement to acquire Synchrony, Inc. The transaction is expected to close in January 2012. Synchrony is a…
China Yard Wins Order for 10 + 10 Tankers
China Rongsheng Heavy Industries Group Holdings Ltd, the country's largest non-state-owned shipbuilder, reportedly received orders for 10 Suezmax tankers, with an option for another 10…
Iran Tanker Company to Add 21 Tankers
The managing director of the National Iranian Tanker Company announced that 21 new tankers will be added to the national fleet by the end of 2013, reaching the country’s…
Nova Scotia Economic Growth Buoyed by Historic Contract
Economic growth in Nova Scotia, currently running at 1.6 percent for 2011, looks promising over the next two years, according to the Provincial Monitor report released today by BMO Economics.
Report: IHC Eyes Asia for Acquisitions
According to a Reuters report, IHC Merwede is hoping to announce the acquisition of several Asian shipyards next quarter as it sticks to an plan to expand internationally…
EU Shipbuilding Aid: New Rules Unveiled
The European Union unveiled new rules for assessing aid to the bloc's shipbuilding sector on Wednesday, hailing the reform as intended to help foster innovation…
ClassNK Approves Furuno ECDIS Training
ClassNK issues type Specific Training Course Approval for ECDIS Certification to FURUNO INS Training Center Denmark. ClassNK issued Type Specific Training Course approval on 2 December 2011 for an ECDIS (Electronic Chart Display and Information System) Training Course offered by FURUNO INS Training Center Denmark. This approval, the first issued by ClassNK in Europe, certifies that the course offered…
AVEVA and FARO Ink Agreement
Agreement to provide customers with a complete 3D capture and engineering design solution. AVEVA, an engineering design and information management solutions for the plant, power and marine industries, and FARO, a leader in high precision laser scanning and 3D Documentation Technology, announced today that they have signed an Interoperability Agreement. Under the terms of this agreement AVEVA and FARO…
Aker Solutions Maintains Growth Ambition
Aker Solutions will today announce at the company's capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company also maintains its ambitions of 3-4 percentage points EBITDA margin improvement by 2015. The target for organic revenue growth is 6-10 percent per annum.
New Horizon Splashes at Trinity Yachts
Largest American Built Superyacht to Launch in 2011. Trinity Yachts is pleased to announce that its largest custom superyacht to date—and the largest American built yacht in 2011—the 242’ (73.8m) six-deck, full displacement steel hull, New Horizon, launched in mid November 2011. The epitome of the design, naval architecture and engineering that Trinity Yachts incorporates in each meticulously custom superyacht built, New Horizon caps a remarkable year for the U.S. builder.
Alion Nets $4.6M Navy Contract
Alion Awarded Navy Contract Valued at $4.6M to Analyze Naval Submarine and Surface Ship Survivability and Underwater Explosions Response. Technology Solutions Firm…
IYC Names Yacht Management Director
International Yacht Collection (IYC) is pleased to announce that, effective immediately, Captain Andre Peens takes on the critical role of Director of Yacht Management. His extensive experience includes piloting and managing some of the most recognizable superyachts in the world for both private use and charter: 286’ Oceanco, Seven Seas; 280’ Royal Denship Princess Mariana; 245’ Blohm+Voss, Katana; 165’ Feadship, Iroquois; and, the 145’ Heesen, Artful Dodger.
USMMA Cadets Win Crowley Awards
Crowley Awards Three United States Merchant Marine Academy Cadets with Scholarships at the Connie Awards Luncheon. Continuing in its tradition of supporting academic excellence, Crowley Maritime Corporation awarded Thomas B. Crowley Sr. Memorial Scholarships to three deserving cadets from the U.S. Merchant Marine Academy (USMMA) at Kings Point, N.Y., during Monday's Containerization and Intermodal Institute (Connie Awards) luncheon in Newark, N.J.
Foss Tows Drilling Rig to AK Winter Harbor
Jackup drilling rig successfully navigated through Cook Inlet. Foss Maritime Co. tugs Justine Foss and Jeffrey Foss have completed a successful tow of a jackup drilling rig to its winter harbor in Port Graham, Alaska. The Spartan 151 jackup drilling rig was moved from its drill site at Nikiski, in the Cook Inlet, which becomes choked with ice during the winter. Gary Faber, president and COO of Foss Maritime…
Inmarsat Selects Intellian for Maritime Antennas
Inmarsat Selects Intellian for Global Xpress Maritime Antennas. Inmarsat, a provider of global mobile satellite communications services, today announced the selection…
MOL Earns Ship Energy Efficiency Certificate
MOL Earns World’s 1st Certification for Ship Energy Efficiency Management Plan; Recognizing effectiveness of SEEMP in reducing vessel CO2 emissions. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the Ship Energy Efficiency Management Plan (SEEMP*1), MOL already has in place was certified with Statement of Compliance by the international classification society American Bureau of Shipping (ABS).
Rolls-Royce Awarded £10 million PSV contract
Rolls-Royce, the global power systems company, has secured an order to design and equip two offshore supply vessels for ship owner Gulf Offshore North Sea Ltd. The value of the contract to Rolls-Royce is approximately £10 million. The two UT755 XL designs will be built at the Rosetti Marino SpA shipyard in Ravenna, Italy, with expected delivery in 2013 and 2014. In addition to the design, Rolls-Royce will provide a propulsion system for each vessel including propellers and thrusters…
APL and MOL Increases Japan Coverage
Direct access to key Japanese markets. Global container shipping leader APL today announced that it will enhance its Japan to Thailand and Philippines coverage as a slot operator in a tie-up with Mitsui O.S.K. Lines (MOL). The new service, named Japan-Thailand-Philippine (JTP) service, will enhance APL’s coverage of Japanese ports, in particular those of Tokyo, Yokohama, Shimizu and Nagoya. “Introducing…
ClassNK Establishes First Ever Subsidiary
ClassNK has established a new wholly-owned subsidiary, ClassNK Consulting Service Co., Ltd., located in Tokyo. This new company, ClassNK’s first ever subsidiary, heralds a new chapter in the storied history of the Society, the world's largest in terms of tonnage. This development was made possible by the Society’s change in legal status to a general incorporated foundation under Japanese law in April 2011, and promises much in terms of cultivating new areas of growth.
Cracks Reported in Vale Beijing Ballast Tanks
Reuters is reporting that the damaged Vale Beijing, the world's largest iron-ore carrier, was moved from its berth in Brazil for repairs. Tugs reportedly moved the…
