It might be hard to judge now if the global shipbuilding industry is recovering, but an encouraging story is certainly taking place in China in 2010. According to Clarkson Research Services, China overtakes Korea as the world's top shipbuilder…
STX Finland Oy and Viking Line ABP signed an agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The contract price is about $315m. The…
Transpetro will launch, by the end of this month, a new bid in view of contracting eight ships to be used for the transportation of oil by-products, in the second phase of the Fleet Modernization and Expansion Program (Promef). Five of those product ships…
Alfa Laval – a leader in heat transfer, centrifugal separation and fluid handling –signed an agreement to acquire Aalborg Industries Holding A/S for a total cash consideration of $729.6m, on an enterprise value basis, from Altor 2003 Fund, LD Equity and the Company’s management…
Delta Wave Communications have teamed up with Global Rescue to combine their service with Delta Wave’s line of satellite based global personal tracking and emergency alert products.Global Rescue is an emergency services company that provides best-in-class medical…
Tsakos Energy Navigation Ltd. (TEN) (NYSE: TNP or the “Company”) today announced two 15-year time charters with a national oil major for two DP2 Suezmax shuttle tankers with delivery within 2012. These charters are expected to generate revenues of at least $520m over their corresponding periods…
Marine Resources Group (MRG), a family of companies that operate tug and barge fleets throughout the United States, is expanding into the Alaska harbor services business.MRG announced today that it is acquiring the assets of Cook Inlet Tug & Barge…
Following a record result in the first nine months of 2010 and its successful refinancing on the capital market, Hapag-Lloyd is again investing in future growth. Hapag-Lloyd ordered four large vessels with a capacity for 13,200 standard containers…
Retlif Testing Laboratories, an independent leader in EMC and Environmental testing since 1978, has announced a strategic alliance with Acme Testing (Acme, Washington). The arrangement brings Retlif’s wide array of advanced Electromagnetic…
Disney Cruise Line took possession of its newest ship – Disney Dream – from the Meyer Werft shipyard in a traditional maritime ceremony aboard the ship in Bremerhaven, Germany. The Meyer Werft flag was lowered, while the Disney Cruise Line flag was raised…
STX Finland Oy and United Shipbuilding Corporation (USC) have formed a joint venture company, which will specialize in arctic shipbuilding technology. An agreement for the formation of the new company, Arctech Helsinki Shipyard Oy, was signed…
The cooperation agreement was signed by Nils Klippenberg (left), director of Strategy and global account manager in Siemens, and Halfdan Knudsen, senior vice president for process and refining technology in Statoil. (Photo: Ole Jørgen Bratland)Statoil…
L-3 Valmarine appointed Finn Inge Langeland as its managing director. He will report directly to Klaus Lorenz, vice president of European Operations for L-3 Marine & Power Systems. Mr. Langeland succeeds Ingvald Løvdal, who will manage the Marine Navigation division at L-3 Valmarine…
The CESA Technical Advisory Committee met at the European Maritime Safety Agency on a series of items related to reduction of emissions from ships. Top industry experts in a number of different technical fields provided detailed presentations…
Governor Bob McDonnell announced today that the Bay Coast Railroad Car Barge will resume service next week as a result of a partnership between the Commonwealth, area localities, and the Bay Coast Railroad. The barge, which was removed from service last year…
