Many corporate strategy articles start by reminding readers that “the Chinese character for risk and opportunity are the same.” Unfortunately, capital providers – especially those layering in debt to shipping company balance sheets – do not see things that way…
Imtech Marine’s Advanced Support Agreements, which include 24/7 remote Monitoring & Maintenance, are raising interest among ship owners. Recently, Seaway Heavy Lifting (SHL) signed a support contract for a second crane vessel. The Imtech Marine support agreement covers all of the systems onboard…
The public in Portsmouth caught their first glimpse of the giant forward section of HMS QUEEN ELIZABETH today, as it was loaded out of the hall at BAE Systems’ facility at Portsmouth Naval Base in preparation for its departure to Rosyth. Using a fleet of remote controlled transporters…
International Transport Intermediaries Club (ITIC) says it has seen a noticeable increase in claims against ship managers by shipowners who are going through difficult financial times. In the latest issue of its Claims Review, ITIC notes that…
Five-year contract provides environmental expertise for maintaining the nation's waterways. Battelle has won a five-year, $15 million contract to support and consult with the U.S. Army Corps of Engineers (USACE), New England District, North Atlantic Division…
Siemens Industry, Inc. (NYSE: SI) wona contract to equip two U.S. Navy Auxiliary General Oceanographic Research (AGOR) vessels with its unique diesel electric propulsion solution at Dakota Creek Industries Inc. (DCI), located in Anacortes, Wash…
Senesco Marine, North Kingstown Rhode Island has signed a contract for the construction of a 120 x 420-ft., 7300 long ton hauling capacity Dry Dock, with Caddell Dry Dock and Repair Company, Inc., of Staten Island, NY. The announcement was made by Senesco Marine…
Following on from Drydocks World Dubai LLC and Drydocks World LLC (together the “Drydocks World - Dubai”) filing for Decree 57 on 1 April 2012, Drydocks World has confirmed that its restructuring remains on track and has the support of its lenders to its restructuring proposals by Q3 2012…
Senesco Marine, North Kingstown Rhode Island has signed a contract for the construction of a 120 x 420-ft., 7300 long ton hauling capacity Dry Dock, with Caddell Dry Dock and Repair Company, Inc., of Staten Island, NY. The announcement was made by Senesco Marine…
Aker Solutions has been awarded a contract by Murphy Sabah Oil for the delivery of a subsea production system for the Siakap North - Petai deepwater development. Contract value is undisclosed.The scope of work includes 13 subsea trees, eight manifolds…
ABS Nautical Systems Sign Two New Customer in Greece. ABS Nautical Systems has signed contracts with TMS Bulkers Ltd. and TMS Dry Ltd. for use of its NS5 Enterprise software. The Greece based bulk carrier operating companies for the TMS…
Four tank ships ordered from Ningbo East Shipyard, China are of Non Sea Water Ballast Ships (NOBS) designNingbo Dongfang Shipyard has recently won two newbuilding orders for two 6,500dwt tankers and a 4,500dwt pair from Zhejiang Huayun Shipping and Guangdong Zhanjiang Fuda Shipping…
Nordic Shipholding A/S completes sale of chemical tanker activities.In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the…
Barclays says return of industry confidence brings multi-million dollar deals in UK & US. The oil and gas team in the Barclays Corporate Banking division has announced it has been involved in deals providing funding for acquisitions and…
Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) signed a binding heads of agreement with Tongling Nonferrous Metals Group Co. Ltd ('Tongling') for the sale of the product extracted from the Company's Solwara 1 deposit located in the Bismarck Sea, Papua New Guinea ('PNG')…