The Finnish government said on Thursday it would sell 49.9 percent of the shares in defence group Patria to Norway's state-controlled Kongsberg Gruppen for 272 million euros ($308 million). Finland, which will retain the remaining stake…
Burger Boat Company announced the start of construction on Hull 510, a custom 103'-06' (31.55m) full displacement steel and aluminum Explorer Motor Yacht. The Owner and Designer, Luiz De Basto of Miami, Florida, USA, recently visited the shipyard in Manitowoc…
NYC Awards New Ferry Service Deal to HornblowerNew York City Mayor Bill de Blasio announced that the Citywide Ferry Service is on track to launch in 2017, with the selection of Hornblower, Inc. as its operator. The new service, which will…
In a meeting in the Corporate Assembly of Statoil ASA on 17 March 2016, Jeroen van der Veer was elected as a new member of Statoil's board of directors. Van der Veer was the Chief Executive Officer in the International oil and gas company Royal Dutch Shell Plc (Shell) in the period 2004 to 2009…
A number of reporting and operational errors caused the list and grounding of Höegh Osaka on January 3, 2015 according to an investigation by the Marine Accident Investigation Branch, UK.The report into MAIB’s investigation of the listing…
Tender for the Greek rail service company Trainose, steams ahead with three potential suitors, say local media. Besides Hong Kong-listed Cosco Pacific, which is certain to participate, the tender has seen the return of Russian Railways…
Cosco (Nantong) Shipyard, a subsidiary Cosco Shipyard Group Co, has won an order to build one self-elevating workover unit for an Asian shipowner, with an option for one more similar unit. Cosco Nantong and the ship owner have agreed to keep the contract price confidential…
China Merchants Group has made an informal bid for London’s Baltic Exchange, says a report in Reuters. The State-run conglomerate has made an informal offer through a subsidiary, China Merchants Securities. An acquisition of the Baltic…
Ocean Installer will undertake flexible jumper replacement operations for Norwegian operator Statoil at the Vigdis field, says a statement from the company. Ocean Installer will see it perform subsea work. The company said the option falls…
South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) has been hit by another hurdle as it faces KRW 120 billion (USD 100.5 million) in taxes, Yonhap news agency informed. HHI has been notified by the country’s tax authorities…
Donna Dunnam, a long time employee of Hapag-Lloyd's Tampa office and prior to that CP ships, has joined the Metro Group Maritime receivable management and collection team. Dunnam is looking forward to bringing her vast experience and superior collection skills to Metro Group Maritime…
Adm. Zukunft: “If you take the mariners away, what is the world going to look like 10 years from now? If we don’t have a US fleet or US shipyard to constitute that fleet, how do we prevail?” The House subcommittee on Coast Guard and Maritime…
The life of seafarers is never straightforward, and as a new report from the Swedish Club shows, the hazards and job complexities they face are very much dependent on the type of vessel they find themselves crewing. In P&I Claims Analysis…
Shown is an infographic courtesy of VesselsValue.com looking at the top five shipyards ranked by the market value of the newbuilding contacts currently on order.According to Senior Data Editor, Craig Jallal, 'The current top five shipbuilding…
Norwegian offshore shipbuilders VARD have announced a deal with French luxury cruise ship operator Ponant for the construction of four luxury expedition cruise vessels, for delivery in 2018 and 2019. The vessels will be developed by Vard…