Keppel Hitachi Zosen Tapped To Build Harbor Tugs
Keppel Hitachi Zosen, through Keppel Singmarine Dockyard, will build two harbor tugs for S$17 million for the Abu Dhabi Sea Port Authority, Port Zayed in the United Arab Emirates.
Three ex-TransCoastal Divisions Sold To Sunland Construction
HBH, Inc., Woodson Construction Company and the Kori Corporation were recently sold to Sunland Construction, Inc., of Eunice, LA. The three Louisiana based divisions…
Station 12 Closes Deal On SpecTec For $75.4M
Station 12, the Netherlands-based mobile satellite communications company, has signed an agreement with Visma ASA for the acquisition of its marine division, SpecTec.
Tidewater Nabs Eight Vessels From Sanko
Tidewater has completed the previously announced transaction of eight vessels from the Sanko Steamship Co. at a price of $160 million. Four of the vessels in the purchase are large anchor-handling…
Delta Queen Coastal Voyages Launches Second Ship
Just five months after the shipyard launch of Delta Queen Coastal Voyages' first vessel, the second ship in the new fleet was christened at Atlantic Marine, Inc.…
Kvaerner Philadelphia Places $60 Million Worth Of Supply Orders
Kvaerner Philadelphia Shipyard, part of the Anglo-Norwegian engineering and construction group, to date, has placed supply orders for nearly $60 million with local…
Cammell Laird Secures Upgrading And Drydocking Of RFA Argus
Cammell Laird has been awarded a multi-million dollar contract to drydock and upgrade the RFA helicopter support ship Argus. This award follows the successful refit…
Bollinger To Build Two Liftboats For Cardinal Services
Bollinger Shipyards, Lockport, La., has signed a contract to build two 245-ft. (74.6 m) class liftboats for Cardinal Services, a subsidiary of Superior Energy Services, Inc., Harvey, La.
Hanjin Signs $150M Commercial Paper In U.S.
South Korea's shipping container operator Hanjin Shipping reportedly signed a deal with ABN AMRO Bank to issue $150 million in asset-backed commercial paper in the United States.
Russia Claims It Heard "SOS" From Foreign Sub
Russia recorded SOS signals from a foreign submarine when its own nuclear submarine, the Kursk, was sinking with 118 sailors on board in August, a top navy commander reportedly has said.
Wholesale Port Sell-Off Not An Option
South Africa said it would not go for the wholesale sell-off of ports as they were regarded as strategic assets. Public Enterprises Minister Jeff Radebe said that…
VLCC Rates Hit Highs
Middle East to Asia bound very large crude carrier (VLCC) rates have hit to a new record high beyond the psychological barrier of W200, brokers said on Tuesday.
Dry Bulk Markets Lower
The Baltic Dry Index (BDI) shed seven points to 1,701, the Baltic Panamax Index (BPI) eased four points points to 1,520, the Baltic Handy Index (BHI) dropped eight points to 1…
Mytilineos Eyes Major Stake In Shipyard
Greek engineering and metallurgy group Mytilineos is eyeing a majority stake in Hellenic Shipyards in an effort to penetrate further into Greece's defense industry, a company official said.
IEA: Carbon Emissions Set to Rise Steadily
World energy use will grow by a steady two percent a year from now till 2020, and carbon dioxide emissions which contribute to unwanted climate change will rise at about the same rate.
Insurance Market To Back Reform
The International Underwriting Association, Lloyd's and the Lloyd's Insurance Brokers' Committee have unveiled a jointly agreed program to reform business processes in the London insurance market.
Banking Sector Feels The Effects Of Consolidation
The number of major banks involved in the shipping industry has decreased substantially over the last few years. According to Michael Parker, managing director of Citibank…
SS&Y Indices Drop
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index was down 62 points in the week ending Monday to 6,019. "Another quiet week in terms of inquiry, which…
Ship Pollution Takes Center Stage In Europe
Smoke from Europe's ships is fast becoming the biggest source of acid rain-causing sulfur pollution, a recent report said. By 2010 ships will account for 30-40 percent…
Grain Trading Is Quiet
Grain fixing for Iran continued to hold interest in an otherwise quiet sector, brokers said on Monday. IRISL fixed unnamed tonnage to lift 50,000 tons wheat from St.
