USN Licenses Boat Design from Willard Marine
The United States Navy and Willard Marine have executed a licensing agreement for a Willard Marine boat design to serve as the guideline for the Navy’s new 11-meter…
Hoover, Ferguson, CCC Announce Merger
Hoover Container Solutions (“Hoover”), Ferguson Group (“Ferguson”) and CHEP Catalyst & Chemical Containers (“CCC”), the three global providers of container solutions products in the energy…
Vard Takes Control of Vard Promar, Brazil
Vard Holdings Limited (VARD) has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously held 50.5% by VARD’s wholly-owned subsidiary…
MSC Alexandra, VLCC Dream Collided in Singapore Strait
The Maritime and Port Authority of Singapore says it was notified just before midnight yesterday (Aug 4) of a collision involving Dream II VLCC (Very Large Crude…
USCG and DNV GL Sign New Pact
The United States Coast Guard (USCG) and DNV GL signed a memorandum of agreement (MOA) authorizing DNV GL to participate in the Alternate Compliance Program (ACP)…
IMO Rolls Out GloMEEP Website
International Maritime Organization (IMO) has launched a website for GloMEEP energy efficiency project. IMO’s continuing efforts to promote environmentally sound…
Spot Rate Trends on Asia-Europe See Reversal: Drewry
The downwards trend line in Asia-Europe spot freight rates has finally been reversed, as data from World Container Index Shanghai-Europe reveals. Whereas the first…
Prosecutors Summon DSME CFO
The Seoul Central District Prosecutors’ Office summoned the chief financial officer (CFO) of Daewoo Shipbuilding & Marine Engineering Co. (DSME ) today (Friday)…
Navig8 Chemical Tankers Sees Income Rise
Navig8 Chemical Tankers Inc reported its net income at $9.6 million, against a net income of $2.9 million seen in the three months ended June 30, 2015. Continued…
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