Fugro's Shares Sink after Boskalis Trims Holding
Shares in Dutch deep-sea prospector Fugro fell 4.5 percent on Monday after larger rival Boskalis announced that it had trimmed its holding in the company. A statement from dredging and marine engineering company Boskalis said that its holding in Fugro now stands at 24.9 percent. Boskalis had built a stake of as much as 28.6 percent at the end of 2015 in what was widely seen as a first step towards buying Fugro.
Polar Sea Ice the Size of India Vanishes in Record Heat
Sea ice off Antarctica and in the Arctic is at record lows for this time of year after declining by twice the size of Alaska in a sign of rising global temperatures, climate scientists say. Against a trend of global warming and a steady retreat of ice at earth's northern tip, ice floating on the Southern Ocean off Antarctica has tended to expand in recent years. But now it is shrinking at both ends of the planet…
Boskalis Scales Back Holding in Fugro
Royal Boskalis Westminster N.V. announces that it has reduced its holding in Fugro N.V., an integrator of geotechnical, survey, subsea and geosciences services.
Cat EPA Tier 4 Engines for McAllister Tug Duo
Horizon Shipbuilding is in the process of installing the first production EPA Tier 4 certified units of its 3516E EPA CAT Marine engines, on a pair of tugs it is…
Former US Navy Official Sentenced for Bribery
A former supervisory contracting officer was sentenced to 72 months in prison today for accepting bribe payments in exchange for steering U.S. Navy contracts to…
Harris Pye Chalks Up LSDO Conversions
The Harris Pye Engineering Group has been awarded a contract by a Chinese LNG company to convert six of its vessels to low sulphur diesel oil (LSDO), with an option for conversions on further vessels to follow. The group has undertaken work, predominantly on main and auxiliary boiler plants, on more than 75 vessels around the world, including some 30 LNGC main boiler plants on behalf of over 15 clients, offering the conversion as a turnkey package.
Bibby Offshore wins Shell Contract
Bibby Offshore won a contract with Shell, due to commence in Q1 2017, that will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea. Bibby Offshore is contracted to use utilize its multipurpose dive support and offshore construction vessel - Bibby Polaris - and its integral 1000 ton basket carousel to lay flexible pipe systems in water depths of approximately 95m.
Kleven Delivers 116 m Superyacht
Norway’s Kleven has delivered a 116 m superyacht to its owner, Graeme Hart. The vessel left Kleven Verft in Ulsteinvik, Norway this weekend, heading for Germany…
ISS Expands Global Business with NORDEN
Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has expanded its global business with Danish tramp shipping company…
Kalmar's First Order for Empty Container Handlers
Kalmar received an order from the Port of Vienna's WienCont Container Terminal for three new twin lift capability empty container handlers. Delivery and start-up is set for April 2017.
USCG Approves first Ballast Water Management System
The U.S. Coast Guard issued the first U.S. type-approval certificate for a ballast water management system Friday. The Coast Guard Marine Safety Center issued the…
Taiwan Shipping in Troubled Water?
Taiwan's shipping lines aren't looking quite so young and fresh as they were earlier, reports Bloomberg. While the global container industry has embarked on a spree…
Egypt, Greece Navy Drill 'Medusa 2016'
Egyptian air and naval forces departed to Greece to participate in the joint Greek-Egyptian military aeronautical exercise, named “Medusa 2016”. Egypt’s Ministry…
Caisse, Dubai’s DP World Ink $3.8-Billion Port Venture
DP World announces the creation of an investment vehicle in partnership with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers.
Hyundai Near Deal With Iran for 10 Ships
Hyundai Heavy Industries Co. (HHI), a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships, says a report in Yonhap. The contract…
GNH to Expand Oerations in Northern UAE
Gulf Navigation Holding (GNH) announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting…
ExxonMobil Sees PNG LNG Producing at 16 pct Above Nameplate
ExxonMobil expects to deliver 7.9 million tonnes of liquefied natural gas from Papua New Guinea this year, around 14 percent above nameplate capacity of its PNG LNG plant, says a report in Reuter's quoting the company's PNG head. The PNG LNG plant, operated by its biggest owner ExxonMobil, can produce at more than 8 million tonnes a year or 16 percent above original design specifications, ExxonMobil's PNG managing director Andrew Barry said at a conference in Sydney.
HII Acquires Camber Corp
Huntington Ingalls Industries (NYSE:HII) announced today that it has completed its previously announced acquisition of Camber Corporation and formed a new operating division, HII Technical Solutions.
ZIM in the Red
Despite continued distressed market conditions ZIM announced today improved results for Q3 2016 on most parameters compared to Q2 2016. Despite continued distressed…
Keels Laid for Young Brothers Tugs at Conrad Shipyard
Conrad Shipyard held the Keel Laying Ceremony for the four Damen Stan 3711 Kāpena Class tugs now under construction for Young Brothers, Limited of Hawaii. On hand for the ceremony was Glenn Hong…
