News

U.S. Sen. Susan Collins and about 100 workers on Wednesday celebrated the completion of negotiations for construction of two ships that should keep Bath Iron Works’( GDBIW-Part of General Dynamics Marine Systems) employment relatively stable over the

Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logistic group announces that the Group has secured a new ship-building contract to construct two towing tugs and two deck cargo barges for PT. Pelayaran Nasional Bina Buana Raya

Blackstone is set to announce its largest renewable energy deal with the investment of a combined 2.5 billion euro ($3.5 billion) into the construction of Germany’s biggest ever offshore wind farm, the Financial Times said on Friday.

Just a year after Exuma, the 50m Picchiotti M/Y, was consigned the Perini Navi Group has launched Galileo G, a 55m Picchiotti Ice Class motor yacht from the Vitruvius® series. The yacht, launched on July 10th, is the second of three motor yachts

Keppel FELS Limited has secured a repeat order from Transocean Offshore Deepwater Holdings Ltd, a subsidiary of Transocean Ltd. for US$195 million.

Aegean Marine Petroleum Network Inc. today announced that it has taken delivery of the Halki, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China.

The ports of Los Angeles and Long Beach presented Evergreen Line with a 2011 Clean Air Action Plan Air Quality Awards, an honor given to those taking extraordinary measures to cut air emissions, modernize facilities and implement innovative operations to reduce air pollution.

Vroon announces that the namegiving ceremonies for VOS Apollo, VOS Ares, VOS Artemis, VOS Themis and VOS Triton took place today, Wednesday 27 July 2011, in Fuzhou, China.

Mitsubishi Heavy Industries Ltd. (7011) and Hitachi Ltd. (6501) said they’re not holding talks to merge some of their businesses, hours after the president of Hitachi said that a deal was being discussed

Net profit tumbled 94 percent at Pacific Basin Shipping (2343) in the first half from a year ago on falling spot shipping rates and mounting investment losses.

Arctic sea ice is melting at a near- record pace, opening shipping lanes for cargo traffic between Europe and Asia, Russia’s environmental agency said.

Rates for crude tankers on key Asian freight routes are expected to rebound slightly from this year's lows as Chinese demand for West African oil returns, shipbrokers said yesterday.

Turkey may conclude a deal on the transit of natural gas from Azerbaijan's Shah Deniz II field by September, Turkey's ambassador in Baku said Tuesday, potentially supplying

In the short term Russia’s Black Sea Fleet (BSF) will be reinforced with six Project 636 diesel electric submarines and six new frigates, reported Interfax on June 31 referring to Russian Navy Commander-in-Chief Vladimir Vysotsky.

Rolls-Royce, the global power systems company, has won a £50 million contract to design and equip two anchor handling vessels for Norwegian company Farstad Shipping.

Hallin Marine subsea operations vessel Carlisle has arrived in Australia to undertake a significant contract on the North West Shelf. Supporting air diving services on a major field development

Waterman Steamship Corp., is being awarded a one-year $10,008,967 firm-fixed-price contract for the worldwide charter of one United States-flagged, Ice-class, self-sustaining cargo ship.

On July 30, Ikaruga, an NYK containership, rescued 23 sailors from a troubled cargo vessel in the Malacca and Singapore straits.

ThyssenKrupp Marine Systems is not planning a joint venture with the French shipyards group DCNS, nor are there any plans for a merger or other partnership or alliance with the French shipyards. No talks on this are currently being held by the companies and no talks are planned.

Rig builder Sembcorp Marine recorded lower first-half net profit due mainly to the timing of its new rig building projects that were secured since the last quarter of 2010.