The management of J.J. Sietas KG Schiffswerft GmbH u. Co. and J.J. Sietas Verwaltungs GmbH have filed a petition for insolvency at the Municipal Court Hamburg on 17 November 2011, due to over-indebtedness. Work on ships under construction will continue…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has agreed to purchase from an unaffiliated third party the MV 'Vathy', a 2010 built Panamax dry bulk carrier of 81…
Northrop Grumman (NYSE:NOC) won a follow-on and additional task order contracts totaling $69m from the U.S. Navy's Office of Naval Research (ONR) for the Navy's Integrated Topside (InTop) program. InTop is an innovative, scalable suite of electronic warfare…
At the North American Marine Environment Protection Association’s annual Awards dinner, Royal Caribbean Cruises, Ltd. (which includes Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises), the world’s second largest cruise company…
GIS Creates Integrated Data Workflow for More Efficient Chart Production. The National Oceanic and Atmospheric Administration (NOAA) has implemented a new nautical charting system based on Esri GIS technology to produce more navigational…
Inland Salvage Inc. Salvage Team members recently fought with high current Mississippi River conditions to refloat a sunken coal barge near Lake Providence, LA. The barge was fully loaded and headed south when it went down in March of this year…
Acquisition strongly boosts RINA offshore and port development services. By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50…
An IADC Best Paper Award for a Young Author under the age of 35 was presented to Bas Borsje at the CEDA Dredging Days in Rotterdam on November 11, 2011, for the paper “Biogeomorphological Interactions on a Nourished Tidal Flat: Lessons Learned from Building with Nature”…
THE London P&I Club has warned that improvements in telecommunications technology on board ships can create unwelcome distractions, leading to casualties. In its StopLoss Bulletin, the club notes that an alleged causative factor in a recent…
The Bureau of Ocean Energy Management (BOEM) is seeking information from interested parties regarding proposed oil and gas lease sales in the Gulf of Mexico Eastern Planning Areas. These sales are included in the Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017…
Safebridge Announces First Release of New Online E-Learning Courses for Type-Specific ECDIS Training and Certification. Safebridge GmbH, an e-learning company specializing in Internet-based training solutions for the maritime industry, today…
For the half year period ended 30th September, 2011, Mercator Lines Ltd. registered 25% growth in Total Income which stood at Rs.1584 crores (Rs.1268 crores). The Consolidated Net Profit for the period stood at Rs.21.41 crores (Rs.113.22 crores)…
With its width of nearly 80 metres and length of 275 metres, this is the first semisubmersible heavy lift vessel to be built in accordance with DNV’s new class rules for this type of ship. The vessel has no forecastle, which allows it to carry cargo of ”unlimited” length…
Diana Shipping Inc. (NYSE:DSX) announced that it has entered into a time charter contract with Morgan Stanley Capital Group Inc., for one of its Panamax dry bulk carriers, the m/v Nirefs, at a gross rate of $12,250 per day, minus a 5% commission…
The Port Authority of New York and New Jersey has hired HDR to rehabilitate the Greenville Yard in Greenville, N.J., to improve ongoing rail-to-barge-to-rail freight movements across New York Harbor. The work includes rehabilitating a barge…
