Vopak to Divest from 15 Terminals
Dutch oil and chemicals storage company Vopak said on Wednesday it would divest from 15 primarily smaller terminals and planned to cut capital expenditure by about $136 million (100 million euros). The world's largest independent storage tank operator has suffered from the harsh business climate in Europe, where high crude prices and sinking diesel profits have prompted refiners to cut operating rates by nearly a quarter this summer.
OWS Orders Damen Vessel for Dutch Offshore Project
Dutch company Offshore Wind Services (OWS), specialists in the provision of crew transfer vessels to the offshore wind industry have ordered a Damen FCS 2008. This is the company’s second vessel ordered from Damen this year. Damen Shipyard Den Helder in the Netherlands will meet the specific requirements of the client. This includes outfitting the vessel with a second generator set and offshore crane. She will also be painted in the company’s colors. The vessel is to be named Offshore Waddenzee.
Norway's Kvaerner and China's COOEC form Joint Venture
China Offshore Oil Engineering Company (COOEC) and Norway's Kvaerner are setting up a joint venture in China to conduct oil engineering projects worldwide in the…
SAAM SMIT Towage J/V to Operate 100 Tugboat Fleet
Royal Boskalis Westminster N.V. inform that with SAAM S.A. they have successfully created a joint harbor towage operation within the American Continent in Brazil…
Narottam Morarjee Institute of Shipping's Premises Get a Facelift
Narottam Morarjee Institute of Shipping (NMIS) held a simple ceremony yesterday to celebrate the upgradation of its premises in Mumbai and for having updated the…
Pacific Ship Repair Awarded 'USS Shoup' Contract Modification
The U.S. Department of Defense informs that Pacific Ship Repair and Fabrication, Inc., San Diego, California, is being awarded a $9,093,866 modification to previously…
Queen's Baton Relay Visit To Lerwick Harbor
Day 18 of the relay round Scotland will see the Queen’s Baton begin its Shetland route at Sumburgh taking in visits to Sandwick, Lerwick, Scalloway and Brae. The…
Dredger Shipbuilding Yard Gets Dutch Royal Accolade
Historic Dutch specialist shipyard IHC Merwede says it has been awarded the honorary title of Koninklijk (Royal) by the His Majesty the King. In light of this honour…
Precisely Why China Pulled the Plug on P3
The proposed container ship P3 alliance between the 255-ship fleets of Maersk, Mediterranean Shipping Company S.A. and CMA CGM was turned down by China's Anti-monopoly…
Seaspan Acquires 3rd 10000 TEU SAVER Containership
Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the Hanjin Tabul. The new containership, which was constructed…
Leo Motors Inc Takes Lead in Green Marine Propulsion
Leo Motors Inc. (LEOM) has acquired by merger 100% of its affiliate company, Leo Greentier Marines (LGM) through a share exchange. LGM is the premier Korean E-outboard developer and manufacturer.
