Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte. Ltd. for $27.7 million (USD).Headquartered in Singapore…
A new office in Antwerp, Belgium, is the latest addition to global shipping, logistics and marine services provider GAC Group's global network of more than 300 offices.Antwerp is the second largest port in Europe in terms of cargo throughput…
After launching its Terrestrial Broadband Network (TBN) just more than one year ago, MTN Communications (MTN) announces the number of TBN-connected cruise ships has doubled and covered regions have tripled.Since the MTN TBN kick-off in Alaska in the Summer 2013 cruise season…
DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company expects to use the net proceeds of the offering to refinance, in part, the…
ITIC has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in possession of full, confirmed information prior to the conclusion of negotiations. In the latest issue of its Claims Review…
Specialist transport intermediary insurer, ITIC, has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in possession of full, confirmed information prior to the conclusion of negotiations…
Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht CommunityThe Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc. has merged with Sea3 Systems, Inc. to form Henderson, Hanes & Associates…
Second Joint High Speed Vessel to be launched at Austal in 2014On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV 5) - the second Joint High Speed Vessel (JHSV) launched by Austal in 2014. This 103-meter high-speed catamaran represents the U…
The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry accounts for around 1/3 of the Chinese economy and is a relevant indicator to watch out for in the shipping industry…
Marorka announced it is currently expanding following a substantial injection of funds. The expansion plan was approved and Marorka will extend its worldwide network in 2014. As a result, Marorka has opened Copenhagen offices in August 2014…
MOL adds DPS and enhances safe operation by integrating expertise through mergerMitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd. effective October 1, 2014. The new company…
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), via its U.S. subsidiary GTT North America, announced the signing of an agreement with Conrad…
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has appointed Mark Emmett as Managing Director of its Singapore operations.Mark has more than 30 years experience in the Bunker and Shipping industries…
Scotland’s largest independent firm of Chartered Accountants and Business Advisers, Johnston Carmichael, has strengthened its oil and gas focus with the appointment of a new tax director.VAT specialist Fiona Weir joins the tax team where…
It may be five years before a nuclear waste dump in New Mexico closed by a radiation leak is fully operational again, and the facility will need at least $240 million to pay for the initial recovery, a U.S. Energy Department official said on Tuesday…
