Modified EBITDA increases 86% to $1.4 million in latest Deep Down Inc. financial report.Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, report…
DNV’s summer students present results of work to develop a realistic concept for a year-round Arctic oil spill response system.The Norwegian students' project included requirements for people, vessels and equipment.DNV’s summer project is…
IHC Merwede to showcase its dredging, wet mining, and special purpose ships at forthcoming SMM 2012, Hamburg, Expo.A number of impressive scale models will demonstrate the wide range of innovative vessels engineered and manufactured by IHC Merwede…
Maersk Line's 'Maersk Illinois' makes her first homeport call in Norfolk, Virginia.The call in Norfolk affirmed the value of the Maersk-Rickmers heavy-lift service and brought together customers and constituents who rely on and support U.S…
Seven Somali's found guilty of piracy against a French fishing vessel, sentenced to 20 years.Following a terrifying attack against the MV Captain St. Vincent in October 2009 the pirates, operating in 2 attack skiffs, were located by a EU an…
Tognum has recently concluded an agreement with a bank consortium for a revolving credit line of €300 million. The credit line has a term of five years. In addition to Commerzbank as the coordinator, seven other banks are involved. Tognum…
The icebreaker 'Xuelong' made the Arctic Ocean passage from China through to Norwegian waters.The Chinese icebreaker completed the Arctic North-East Passage marking the first such voyage by a Chinese vessel and opening an Arctic route connecting…
Teekay Tankers Ltd. reports results for the three months ended June 30, 2012, pays out reduced dividend compared to Q1.Excerpts from the quarterly report follow:In June 2012, Teekay Tankers completed the previously announced acquisition…
Hong Kong-based Profit Summit Deluxe Cruise partner with Thailand's Eastime Shipping for China – Thai cruises.China’s rapidly increasing involvement in cruise shipping investment has been underlined by a recently completed first cruise voyage in the Gulf of Thailand…
Yanmar Europe to display its new V-12 marine diesel engine (12AY) at upcoming SMM 2012 trade fair.With easy installation and maintenance, the purpose-built 12AY is ideal for offshore support vessels, ferries, tugs, commercial fishing craft and other demanding applications…
As the demand for ship supply services off the island of Sri Lanka grows, so too has GAC Sri Lanka.The company has moved into new, bigger premises at Galle and Trincomaleeand opened a new branch in Hambantota to accommodate increased maritime activities and better meet its customers' needs…
Survey ship HMS Echo become the first Royal Navy ship to visit Libya since the fall of Colonel Gaddafi.HMS Echo, in the final stages of a 19-month mission to gather ocean data and update nautical charts in waters east of Suez, began her Libya…
IMO Secretary-General at Korean World Fair to reiterate organization’s commitment to sustainable maritime development.IMO Secretary-General Koji Sekimizu will be among the high-level attendees as the Expo 2012 World Fair in Yeosu, Korea, nears its close…
Recognizing the Arctic is changing rapidly the Summit convenes decision-makers on infrastructure investment, natural resources, policy and security.Rapid change in the Arctic due to melting sea ice brings new opportunities and challenges. To address the complex Arctic agenda…
Aegean Marine Petroleum Network Inc. plans expansion in Barcelona, contracts with Meroil for onshore fuel oil storage.Aegean Marine Petroleum Network has signed an agreement to secure onshore fuel oil storage capacity in Port of Barcelona and plans to start supply operations by the end of Q1 2013…