EXMAR NV and Teekay LNG Partners L.P. (Teekay, NYSE: TGP) have reached an agreement in principle whereby Teekay will purchase a 50% interest in two of EXMAR’s LNG carriers: EXCELSIOR (2005-built LNGRV) and EXCALIBUR (2002-built conventional LNG) with an economic date of 1 September 2010…
Tidewater entered into a contract with Drydocks World for the construction of four 265-ft. deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance, high-capacity, 3,200 metric ton deadweight…
While many companies in the marine industry talk a good game when it comes to 'grooming the future generation,' a Norwegian company is investing. Aker Solutions opened up the application period for its two-year International Talent Programme…
Volvo Penta India won an order for 40 D12MH-350 engines from Sesa Goa for powering their iron ore barges which will ply in Mandovi & Zuari Rivers in Goa, on west coast of India. Volvo Penta is the first imported engine manufacturer in India…
International accountant and shipping consultant Moore Stephens reports an average fall of 2.0 per cent in total annual operating costs in OpCost 2010, its unique ship operating costs benchmarking tool. This is the first time since 2002 that OpCost has revealed a fall in total operating costs…
The Carbon Trust is today launching a global competition to find world-leading solutions to the problem of transferring engineers and equipment safely from boats to wind turbines as far as 300km offshore in 3 metre wave heights. The project…
Seaspan International announced the largest tug build commitment of a single class of vessels in over 35 years. The company signed a contract with Sanmar Denizcilik Shipyard, of Istanbul Turkey; to build four state-of-the-art ship assist tugs…
DryShips's (NASDAQ: DRYS) fully-owned subsidiary Ocean Rig UDW Inc. received a Letter of Award from a U.S. exploration company for a four well contract for exploration drilling offshore West Africa for a period of about 300 days, commencing in the first or second quarter of2011…
Less than one year after beginning fabrication of Spearhead (JHSV 1), Austal has commenced construction on Vigilant (JHSV 2), the second of up to ten 103-m Joint High Speed Vessels (JHSV). Austal was selected as prime contractor in November 2008 to design and build the first JHSV…
The National Shipbuilding Research Program (NSRP) issued a new Research Announcement (RA) on September 24, 2010. The RA is posted on the NSRP website (http://www.nsrp.org/Solicitation/ra0901_solicitation.html), along with associated proposal guidance…
International Transport Intermediaries Club (ITIC) says that shipbrokers run the risk of exposure to substantial liabilities as a result of inadequate monitoring of their email communications.In the latest issue of its Claims Review, ITIC…
David Gray Parrot, 65, founder and former chief of TITAN Salvage, passed away in Maine in the comfort of family and friends. Parrot is survived by his wife Penny, sons Hunter and Gage, and a network of friends and family. A private family service is scheduled for this weekend in Maine…
“TIME CHARTER SERVICE OF A TANKER VESSEL BETWEEN 40.000 AND 55.000 M3 FOR CLEAN PETROLEUM PRODUCTS”According to article 3, second paragraph of the Chilean Merchant Marine Development Law (Ley de Fomento a la Marina Mercante – Decree Law N° 3…
“TIME CHARTER SERVICE OF A LPG TANKER VESSELS FULLY REFRIGERATED SEMI PRESSURISED BETWEEN 14.000 AND 33.000 M3 FOR LGP”According to article 3, second paragraph of the Chilean Merchant Marine Development Law (Ley de Fomento a la Marina Mercante – Decree Law N° 3…
Puget Sound Rope announce that Michael Greenwood has joined Cortland/Puget Sound Rope as Technical Sales Manager. He has more than 34 years in the rope industry, beginning with the family rope company, Tubbs Cordage Company of San Francisco in 1976…
