Contracts News

 

GD Bath Iron Works Gets Navy DDG1000 Contract Modification

Mar 31, 2014

Amongst the latest listing of US Department of Defense, Navy, contracts, General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $24,374,445 modification to previously awarded fixed-price incentive contract (N00024-11-C-2306) to exercise an option for DDG 1000 class services…

Damen Delivers Shoalbuster to MCS in 8 Days

Mar 28, 2014

Maritime Craft Services (MCS) recently took delivery of a new Damen Shoalbuster 2609. Damen has delivered numerous Crew Transfer Vessels, Multicats, and Shoalbusters to MCS – the two companies have a long-standing relationship. What is notable about this latest delivery…

Port Metro Trucker Dispute Resolved Says Port CEO

Mar 27, 2014

The following statement has been released by Robin Silvester, President & CEO, Port Metro Vancouver:'The governments of Canada and British Columbia and Port Metro Vancouver have reached agreement with members of Unifor and the United Truckers…

Dredging Permits for Bayport & Barbours Cut Expected Soon

Mar 25, 2014

Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items  of note were released.DredgingThe Port Commission approved a $68 million construction contract with Orion Construction L.P…

Another Mammoth Gas Ship Ordered for MHI

Mar 25, 2014

The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage.Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier…

ASRY, ABB Industries Sign Agreement

Mar 23, 2014

ABB Industries to open new workshop in ASRY, providing certified turbocharger expertise, global warranties, and onsite access to worldwide networkShip and rig repair specialist ASRY reports that it has signed a co-operation agreement with ABB Industries (LLC)…

Navy Destroyer Contracts for HII & BIW

Mar 17, 2014

The Navy has announced two separate contract awards for Fiscal Year (FY) 2014 DDG 51 destroyers to Huntington Ingalls Industries (HII) and to General Dynamics Bath Iron Works (BIW). Details as follows:Huntington Ingalls Industries Is being provided funding of $601…

New Hospital Ship to be Classed by LR

Mar 13, 2014

Lloyd’s Register (LR) says it is honored to be the classification society of choice for Mercy Ships latest endeavour, a new 36,600 GRT hospital ship scheduled for completion in 2017, and to be named 'Atlantic Mercy'.LR explain that the hospital…

Two Ocean Shipping Companies to Pay $3.4M

Mar 10, 2014

Sea Star Line LLC and Horizon Lines LLC have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico, the Department of Justice announced today…

UASC Ups Mega-Container Ship Order to 17

Mar 10, 2014

United Arab Shipping Company (UASC) says it has taken up the option with Korea's Hyundai Heavy Industries (HHI) for one additional 18,000 TEU vessels, bringing the total order to 17 ships including eleven 14,000 TEU vessels and six 18,000 TEU vessels…

State-of-the-Art Dredger Launched

Mar 09, 2014

AL BAHAR C/D HUTA 12 named, launched at IHC MerwedeIHC Merwede named and launched the 23,545 kW self-propelled cutter suction dredger ‘AL BAHAR’ C/D HUTA 12 in a ceremony on March 8, 2014 at the company’s shipyard in Kinderdijk, The Netherlands…

Goldman Sachs head of oil and ags Robijns to retire

Mar 06, 2014

Goldman Sachs' head of oil and agricultural trading, Karl Robijns, is retiring from the firm, an internal memo seen by Reuters showed.London-based Robijns, who first joined Goldman as an oil trader in 1998, has headed the bank's global oil…

Hold-harmless Clauses May Not Be So Harmless

Feb 28, 2014

ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights. A mutual hold-harmless indemnity clause should provide that each party…

Robert Allan Z-Tech Tugboats for Galveston, Texas, Harbour

Feb 24, 2014

Designers, Robert Allan, inform that Leevac Shipyards has completed the construction of the second of their  Z-Tech designed 2400 tugs. The latest, 'Zeus', has been delivered to its owners Suderman & Young Towing Company of Houston, Texas following…

Air2Work Invests £1million in UKCS Base

Feb 24, 2014

Energy sector breathing equipment specialist Air2Work has announced the appointment of new CEO Kevin O'Connor in Aberdeen, as it confirms an investment of more than £1million to expand its UKCS fleet of equipment for workers operating in hazardous environments on and offshore…

Logistics News

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

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Google sues LATAM Airlines in US over Brazilian YouTube video dispute
The 'data infrastructure market' is driving the hot M&A tech race in AI.
Imports from China to the busiest US port fell 9% in May due to tariffs of 145%