Maintaining and modernizing the U.S.-flag Great Lakes fleet will occupy shipyards when Sault St. Marie, Michigan, locks close soon.The various projects scheduled for the next few months will require investments that range from $500,000 to almost $3 million per vessel…
MTN Satellite Communications (MTN) wins VSAT service contracts from four specialised luxury cruise ship operators.Recent contract wins and activities in the cruise market include the following brands that look to MTN for VSAT services, television and special events…
Cavotec wins order from ABB for twenty compact Marine Propulsion Slip ring (MPS) units to be fitted to advanced Azipod marine propulsion systems.Under the terms of this project, Cavotec is scheduled to complete deliveries of the MPS units to ABB by the beginning of Q2 2013…
US Department of Defense awards New Year contracts to BAE Systems & Science Applications International Corp.BAE Systems Norfolk Ship Repair, Norfolk, Va., was awarded a US$50,180,546 undefinitized contract action as a modification to a…
TGS, through its wholly-owned subsidiary Arcis Seismic Solutions, begins multi-client energy survey of Ille Lake in Central Alberta, Canada.The lake, popular with anglers and nature-lovers, covers 180 km2 (70 mi2) in the deep basin of Central Alberta…
In his New Year message, Mitsui O.S.K. Lines President Muto predicts loss in 2013 of same magnitude as last year, suggests new business model.Excerpts from Mr. Muto's message follow:'The marine transport industry has faced a challenging…
The Hebron field development offshore Newfoundland and Labrador was sanctioned by operator ExxonMobil and its co-venturers.Located approximately 350 km offshore Newfoundland, the Hebron platform will be a concrete Gravity Based Structure (GBS) in 95 meters water depth…
J.F. Lehman & Company investment affiliates acquire AMECO, provider of electro-mechanical solutions to the defense, aerospace and maritime sectors.IMECO, based in Iron Mountain, MI, is a leading independent domestic provider of turnkey marine electro-mechanical solutions for U…
Major paint & coatings company AkzoNobe & Taiwan's U-Ming Marine Transport Corp's 44 ships join the Sustainable Shipping Initiative (SSI).The SSI is facilitated by global sustainability non-profit Forum for the Future in conjunction with NGO World Wildlife Fund…
Huntington Ingalls Industries' subsidiary AMSEC contracted to support submarine & surface ship new construction.AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR). The contract is in support of design…
Farstad subsidiary, Farstad Shipping, Singapore, sells AHTS 'Lady Cynthia'.The buyers identity is not disclosed, but it is expected the vessel will be deployed in the Indian domestic market.Lady Cynthia was built in 1987 by Hart Fenton with a propulsion power output of 9…
Prospector Offshore Drilling agrees with two Chinese shipyards to extend options on 6 rig construction agreements.An agreement with Dalian Shipbuilding Industry Offshore Co. extends the expiry dates on three of its rig construction option…
Miclyn Express Offshore's Thai J/V has taken delivery of the PSV 'UM Supporter' from Poet Shipbuilding & Engineering.The vessel immediately entered into a 3 year firm contract, plus two 1 year extension options, to provide coil tubing support…
Floating Production Storage & Offloading (FPSO) vessel 'Cidade de Itajaí' arrives at the Santos Basin.Petrobras announce the FPSO's arrival at its definitive location to be integrated to the Baúna and Piracaba field production system, which is in the Santos basin post-salt area…
Low freight rates and a challenging market are concerns for ship managers as they begin 2013. A survey of members of InterManager, the international trade association for the ship and crew management industry, has identified the main concerns affecting the industry as it begins the New Year…