General Dynamics Declares Dividend
The board of directors of General Dynamics today declared a regular quarterly dividend of 69 cents per share on the company's common stock, payable August 7, 2015, to shareholders of record on July 3.
ABB's Power Infrastructure for UK Wind Farm
ABB has won a significant order to provide substations and related power infrastructure for the Rampion Offshore Wind Farm. ABB will provide power infrastructure…
Korean Shipbuilders Maintain Top Spot
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., clinched the largest amount of new orders in May, retaining the top spot for the fourth consecutive month…
LNG-Gorskaya Orders Russia's First LNG Bunker Vessels
Russian LNG-Gorskaya LLC has signed a contract with the shipbuilder United Shipbuilding Corporation (USC) for the construction of Russia’s first three LNG bunkering tankers.
Oman Drydock Bags VLCC Contracts
Onassis-controlled Springfield Shipping will convert two oil-bulk-ore (OBO) carriers to VLCCs at Oman Drydock Company (ODC), Oman. The multi-million pound contracts…
Philippe Louis-Dreyfus Elected Head of BIMCO
Philippe Louis-Dreyfus will be BIMCO's new president for the next two years. Elected for two years, Philippe Louis-Dreyfus, also former President of Armateurs de France…
Otto Marine Redeems Preference Shares, Cuts Staff
Singapore-listed Otto Marine Limited said one of its subsidiaries – GO Marine Investments Pte Ltd – had fully redeemed preference shares from a Singapore private equity firm for S$12 million in cash.
UOC Invests $10 Mln in Vallianz
Singapore-listed Vallianz Holdings Limited, that provides offshore support vessels and integrated marine solutions to the oil and gas industry, has received an investment…
Hyundai Heavy Retirement Program Back-Burnered
Hyundai Heavy Industries (HHI) will stop dismissing employees through voluntary retirement plans and pay each of their workers a special bonus of 1 million won ($910), the company CEO said.
GE Takes Delivery of New Vessel
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier "Jag Arnav". The vessel of about 81,600 dwt was…
Tuco Debuts 10m Wind Farm Service Boat
Tuco Marine Group of Denmark discloses the newest vessel in the ProZero series of Fast Rescue Boats, Daughter Crafts and Workboats; The New 10m WIND FARM SERVICE BOAT. The new design is released shortly after Tuco won the order for two 11m Wind Farm Service Boats that have been ordered for the Two Ulstein X-stern vessels that German based Bernhard Schulte affiliate WINDEA Offshore GmbH, have ordered for their contract with Siemens Wind Power.
Binsfeld Launches Torque Monitoring System
Binsfeld Engineering Inc. announced the release of the new TorqueTrak TPM2 torque and power monitoring system featuring a digital output signal. Targetting the marine, automotive, energy and power generation markets, the TPM2 model features a RS422 full duplex, point-to-point serial interface communication. According to Binsfeld, TPM2 setup and configuration is easy and convenient with BEI- supplied software. System changes can safely be made away from the shaft.
Statoil Awards Cranes Contract to Palfinger Dreggen
Palfinger Dreggen has been awarded contract for crane delivery to the Johan Sverdrup field with a total order value of approximately MNOK 285. The delivery includes seven large offshore cranes and the contract was signed with Statoil in May, in strong competition with other international crane suppliers. The cranes will have a lifting capacity of 60 tons and an outreach of approximately 60 meters and shall be delivered with full-electric drive.
Rolls-Royce LNG Engines Reach 25 Million Operating Hours
Rolls-Royce engines powered solely by liquefied natural gas (LNG) have completed 25 million hours of operation on land and at sea, since their introduction in 1991. More than 650 Bergen lean burn gas engines are in service today, with a power output up to 9,600kW. The engines are used for a variety of applications ranging from powering ferries, cargo ships and tugs to a wide range of land-based power generation throughout the world. Dr.
LGH’s Kansas City Warehouse Relocates
Lifting Gear Hire’s (LGH) Kansas City, Mo. warehouse has relocated to a new facility within the city. The new warehouse will help LGH provide faster equipment rental turn-around times for customers in and around the Kansas City area, the company said. In addition, the new warehouse will also provide an expansive selection of rental equipment, larger scale rental equipment choices and more dock space for convenient equipment loading and unloading.
Grimaldi Places 10th PureSOx Scrubber Order
Alfa Laval reports its scrubber solution PureSOx has been the subject of many repeat orders. One of the major returning customers is the Grimaldi Group, which has now ordered its 10th installation of Alfa Laval’s exhaust gas cleaning system. The Grimaldi Group is a multinational logistics group specialized in the operation of RoRo vessels, car carriers and ferries. Through the maritime services of Atlantic Container Line…
Families March to China Shipwreck Site as Survivor Hopes Fade
Dozens of people broke through a police cordon on Wednesday as they marched towards the site of a sunken cruise ship in the Yangtze River to demand news of missing relatives.
New Interceptor Systems for Commercial Vessels
Volvo Penta has developed a series of interceptor stabilization systems optimized for workboats, patrol boats and other commercial vessels. The stabilizers provide three-axis trimming to meet dynamic acceleration and cruising phases of operation. The system can be controlled either automatically or manually. In the automatic mode, it is activated by boat speed. The Volvo Penta interceptors are electrically controlled with no hydraulics.
SIU Honors Thomas B. Crowley Sr.
SIU Piney Point building dedicated in honor of the late Thomas B. Crowley Sr. The Seafarers International Union (SIU) recently honored the late Thomas Crowley Sr. during a dedication ceremony that named a new administration building in his memory. The new Thomas Crowley Sr. Center for Maritime Services, located at the Paul Hall Center for Maritime Training and Education in Piney Point, Md., commemorates the legacy of Crowley, who owned and operated Crowley Maritime Corp. until his death in 1994.
Nor-Shipping Run Benefits Mission to Seafarers
A 5-kilometer fun run to benefit The Mission to Seafarers was held at Norway’s Nor-Shipping conference on June 1. Representing Maritime Reporter & Engineering News at the charity race was Greg Trauthwein, Associate Publisher and Editor, and Dawn Trauthwein, Advertising Sales Manager. Starting in Oslo’s city center, the race course took runners along the Oslofjord, finishing at the Norwegian Maritime Museum, the site of a post-race reception.
