BAE Systems entered into a definitive agreement with American Maritime Holdings, Inc. to acquire Marine Hydraulics International, Inc. (“MHI”), a privately held company that operates a shipyard, pier and waterfront facilities in Norfolk, Va…
The International Shipping Federation (ISF), which represents maritime employers globally, says that the low level of implementation of the International Labour Organization (ILO) Convention 185, concerning the facilitation of shore leave and crew transits…
'Tide-class' the name given to four new Royal Fleet Auxiliary (RFA) tankers to serve as part of the RN's fleet replenshment programme.The 37,000-tonne ships will come into service from 2016 to replace the RFA's single-hulled tankers, and…
Overseas Shipholding Group, Inc. starts Chapter 11 process to reduce debt & other financial obligations to create more solid financial foundation.The Chapter 11 petition for itself and certain operating subsidiaries was filed in the U.S…
Among container Carriers, Maersk Line currently has the largest number of vessels idle. A report by shipping analyst Alphaliner (Vol. 2012, Issue 46) reveals Maersk Line as the carrier with most vessels idled, currently 14 units with an aggregate capacity of 94…
Russia's Baltic Shipyard starts construction of the first LK-60 nuclear-powered icebreaker.The LK-60 will be the largest and most powerful icebreaker ever built, making commercial traffic along the Northern Sea Route possible all year around…
Yacht Path Marine Group were contracted to transport the 'Pirates of the Caribbean' 140-ft replica tall ship across two oceans.The 270-ton, 140-foot custom-build pirate ship 'Black Pearl', was loaded aboard a BBC heavy lift vessel in Barbers Point…
The need to reduce ship fuel consumption drives demand for marine coatings, says a new analysis.Increasingly stringent environmental regulations are boosting the prospects of high-value, eco-friendly coatings. Innovation has been the only constant…
The NOAA Ship Thomas Jefferson wraps up an exceptionally eventful field season.After 193 days away from home, the hydrographic survey vessel completed 14, 768.9 linear nautical miles of survey that covered 352 square nautical miles of area in Long Island Sound and Block Island Sound…
The IMO Council, meeting for its 109th session in London has endorsed, in principle, a restructuring of IMO's Sub-Committees.The Council meeting was the first “PaperSmart” meeting for the Organization, and was considered a success by delegates…
Atlantic Petroleum gains entry to Norwegian Continental Shelf energy exploration through acquisition of Emergy Exploration AS.Atlantic Petroleum has issued a voluntary offer for 100% of the shares in Emergy Exploration AS, an independent…
Aberdeen (Scotland) based global shipping and energy services firm, Craig Group, has announced healthy results for the year ending April 2012.The privately owned, family-run business has reported turnover of £123.3 million with operating profits of £14…
Multraship takes delivery of Multrasalvor 3 built by Damen Shipyards for work offshore UK.Multraship continues to invest in its diverse fleet of towage and salvage vessels to help provide the highest levels of responsive service to the international shipping industry…
Houston-based Forum Energy Technologies contracted by Cummings Consulting to supply two Sub-Atlantic Mojave Systems ROV's.Both of the Mojave ROVs (Remotely Operated Vehicles) will be equipped with job specific tooling systems such as; electric winches…
Wärtsilä subsidiary, Shipham Valves, completes development of a range of composite single plate wafer check valves.The new valves will be introduced to the market place at the Valve World Exhibition to be held in Düsseldorf at the end of November…
