Costamare Inc. (NYSE: CMRE) announced that it has contracted with Sungdong Shipbuilding & Marine Engineering Co., Ltd. for the construction and purchase of two newbuild containerships, each of about 9,000 TEU capacity. The two newbuildings are expected to be delivered by the end of 2012…
Industry concerns over the glut of newbuilding deliveries last year may have been overplayed as the three major shipping market segments - dry bulk, container and tanker - avoided significant oversupply, according to figures released by Braemar Seascope…
Veson Nautical expanded its corporate HQ and opened a new office in Oslo, Norway, to accommodate growth of more than 410% over the past five years and 70% in the past year, according to the company. In May, the company will relocate its corporate…
While the National Iranian Tanker Company (NITC) is a proponent of weapons on commercial ships as a means to thwart piracy, it respects and stays in compliance with international and port-state mandates that reject lethal force in the hands of mariners…
The National Iranian Tanker Company (NITC) based in continues to invest significantly in its fleet of ships, aiming to grow its fleet to 74 ships and more than 18mdwt by 2013, said Captain R. Ghareh, Area Manager based in the company’s Dubai…
Resolve Marine Group and T&T Bisso have announced their coalition for Marine Firefighting services in U.S. waters. This agreement combines both companies’ extensive firefighting infrastructure to produce overlapping coverage and higher volume firefighting capacity throughout the U…
As analysts continue to try and gauge the full economic impact of the fast-evolving political and social crisis in Egypt, the concern of the shipping industry are centered on the Egypt controlled Suez Canal, a transport route for a substantial amount of the world's energy…
The 2010 good influence keeps on giving positive results for SpecTec Business in 2011 with a significant order that came in late December. The important news came from SpecTec USA, which has recently closed a contract for a large consulting project with Prestige Cruise Holdings…
When it comes to shipbuilding, welding is a vital and fundamental manufacturing process in the construction of ships and metal hull boats. At the American Welding Society (AWS) 6th Annual Charting the Course in Welding: US Shipyards Conference…
First Subsea is using innovative non-destructive testing (NDT) technology to inspect the quality of forgings used in the new range of LankoFirst fiber rope connectors for deepwater moorings. Process Compensated Resonance Testing (PCRT) undertaken…
Rolls-Royce announced the contract to supply gas turbines and waterjets for 10 of the U.S. Navy’s Littoral Combat Ships (LCS) – the Group’s largest ever marine naval surface ship contract. Designed to operate in combat zones close to the shore (littoral waters)…
Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in…
Concordia Maritime participates with 50% in time charter contracts for two Aframax tankers with high ice class (1A). The contracts are made by Stena Bulk. An Aframax vessel is around 110 000 dead weight tons and carries mostly crude oil…
Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed to the position of Executive Vice President and Chief Strategy Officer effective April 1…
Nordic Tankers A/S and WOMAR Logistics Pte. Ltd. have reached an agreement to establish a jointly owned independent pool management company with the name of “Nordic Womar”. Nordic Womar will initially manage two pools of coated chemical tankers with a total of approximately 40 vessels in the 10…