Singapore-listed Otto Marine Limited said one of its subsidiaries – GO Marine Investments Pte Ltd – had fully redeemed preference shares from a Singapore private equity firm for S$12 million in cash. “The above transaction is not expected…
Singapore-listed Vallianz Holdings Limited, that provides offshore support vessels and integrated marine solutions to the oil and gas industry, has received an investment of $10 million from institutional investor fund United Orient Capital Pte Ltd (UOC)…
Hyundai Heavy Industries (HHI) will stop dismissing employees through voluntary retirement plans and pay each of their workers a special bonus of 1 million won ($910), the company CEO said. The Korea Times quoted a statement addressed…
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier 'Jag Arnav'. The vessel of about 81,600 dwt was built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines. With the inclusion of the vessel…
The actions of a local hero were honored by U.S. Coast Guard (USCG) Sector Long Island Sound during the East End Task Force meeting in Hampton Bays, New York, May 20. Cmdr. Jonathan Theel, Chief of Responses for Sector Long Island Sound…
Volvo Penta has developed a series of interceptor stabilization systems optimized for workboats, patrol boats and other commercial vessels. The stabilizers provide three-axis trimming to meet dynamic acceleration and cruising phases of operation…
SIU Piney Point building dedicated in honor of the late Thomas B. Crowley Sr. The Seafarers International Union (SIU) recently honored the late Thomas Crowley Sr. during a dedication ceremony that named a new administration building in his memory…
A 5-kilometer fun run to benefit The Mission to Seafarers was held at Norway’s Nor-Shipping conference on June 1. Representing Maritime Reporter & Engineering News at the charity race was Greg Trauthwein, Associate Publisher and Editor, and Dawn Trauthwein…
Eli Vassenden, COO Ship Management in Grieg Star, has been awarded the WISTA LeaderShip Award 2015 by WISTA Norway as recognition of her contribution the maritime industry, her competency and leadership skills within the traditionally male dominated role of COO…
Xodus Subsea has appointed a General Manager and Business Development Manager to drive activity in the Americas, as the company aims to challenge the largest tier one subsea engineering companies for a share of the market in the region.Amedeo…
Rotterdam-based law firm AKD says a recent revision of the Brussels I Regulation makes it possible to quickly attach assets anywhere in the EU if parties include in their contracts a choice of forum clause conferring jurisdiction on the Rotterdam court…
Lloyd’s Register approved as independent laboratory by United States Coast Guard for Ballast Water Treatment Systems approvals Lloyd’s Register (LR) has been approved as an independent laboratory (IL) and will begin testing of Ballast Water…
ABB Turbocharging Power2 800-M solution plays key role in first of new generation enginesPower and automation technology group ABB announced at Nor-Shipping 2015 the first application on a marine engine of its Power2 800-M second generation two-stage turbocharging solution…
Search and rescue (SAR) authorities and organizations in developing nations are under resourced and overwhelmed because of the size of the rivers, lakes and coastlines they have to monitor.This is one of the main conclusions from a report…
Glander International Bunkering, a bunker and lubricant trading and brokering firm, has appointed Kenneth Lim as Bunker and Lubricant Trader for the Singapore office. Lim has knowledge and experience supplying bunkers and lubricants in Singapore…