According to a report on www.marketwatch.com, Daewoo Shipbuilding & Marine Engineering Co. exceeded its annual order target of $11 billion by 9%, helped by two separate contracts totaling $1.95 billion. The contracts take orders to $12 billion as of Monday…
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new bulk carrier which it repotes will enable reductions in CO2 emissions by about 25% compared with conventional averaged bulk carriers. As the first commercial application of the new design…
Odfjell entered into a contract for the purchase of MT Holly Galaxy, a 19,975 dwt chemical tanker (IMO II/III) with 22 stainless steel cargo tanks, built in 2006 at Fukuoka Shipbuilding in Japan. The vessel will be delivered in December 2011 and shall be traded regionally in South America…
Carsten Brix Ostenfeldt has been appointed Managing Director of Thome Ship Management with immediate effect. He replaces Bjorn Hojgaard who has resigned from the group to pursue other interests. Carsten becomes Managing Director of Thome…
Omar Sekkat has joined DnB NOR’s energy division at the bank’s Asian headquarters in Singapore. He comes to the role after transferring from DnB NOR in London. Mr Sekkat’s appointment as a Senior Vice President of the energy division at DnB…
Incat Crowther is pleased to announce that construction is well advanced on three new catamaran ferries to its design. Two 32-metre ferries and one 24-metre ferry will be operated by Riverside Marine to transport workers between Gladstone, Queensland and the new LNG plant on Curtis Island…
Horizon Lines has announced that Joe Rodriguez has been named Vice President, Sales and Marketing, Eastern Region, for the company's Horizon Lines, LLC operating subsidiary. Mr. Rodriguez will oversee all sales activity, pricing and marketing…
Waterfront Construction, the owner of the 75’ vessel “Justin” that sank in the Puget Sound early this morning (14 October), has contracted with NRC Environmental Services to contain the surface sheen released from the vessel. NRC Environmental…
On Tuesday, October 11, 2011 Team Elastec, a partnership of co‐inventors Elastec/American Marine and Glosten Associates, Inc., was awarded the $1 million first prize for winning the X‐Prize Foundation’s Wendy Schmidt Oil Cleanup Challenge with…
The St. Lawrence Seaway Management Corporation (SLSMC) is pleased to announce that its unionized employees, members of the Canadian Auto Workers (CAW) union, ratified a three-year labour agreement covering a period extending from April 1, 2011 to March 31…
Inland Salvage Inc. (ISI) was recently voted in as a General Member of the American Salvage Association (ASA) during the 2011 National Maritime Salvage Conference and Exposition in Arlington, VA. Inland Salvage Inc.'s CEO, Mr. Eli Zatezalo stated…
The U.S. Coast Guard has announced a series of public meetings to receive comments on a notice of proposed rulemaking entitled “Inspection of Towing Vessels” that was published in the Federal Register on August 11, 2011. As stated in that document…
Allen Marine, Inc. has announced the construction of the world's first aluminum floating dry dock. This fully self-contained, eco-friendly unit represents a major breakthrough in boat-lifting equipment. The aluminum floating dry dock is the brainchild of CEO David Allen…
In a letter responding to a Federal Register notice about the renewal of Coast Guard Form 2692, Passenger Vessel Association (PVA) President Jay Spence insisted that the Coast Guard issue new instructions clarifying the circumstances in which…
A balance has to be struck between the commercial advantages of shipowners' selecting a particular flag state and the need to discourage the use of flags that do not meet their international obligations, warns the International Chamber of Shipping (ICS)…
