Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations. According to Aker Arctic Technology…
With 2020 in sight, DNV GL looked at the lessons to be learned from the update to the classification society’s “Shipping 2020” report which was published in 2012. Now, three years later, hybrid propulsion systems and connected ship solutions…
With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from June 2-5. The new design puts emphasis on increased cost efficiency…
AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies the acquisition is expected to complete by Friday 26 June 2015.FabTrol is a software business, headquartered in Eugene, Oregon…
United Arab Shipping Company's first ultra-large container vessel has entered service equipped with a MacGregor high-efficiency cargo handling system, which is designed to maximise payload potential and operational efficiency and reduce environmental…
The second edition of Wartsila's Encyclopedia of Ship Technology is to be launched at the Nor-Shipping exhibition and conference being held in Oslo, Norway from June 2 to 5. The publication provides definitions to the current terminology used in the marine industry's technical vocabulary…
The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics…
Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s currently under…
Wärtsilä completes acquisition of L-3 Marine Systems International Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wärtsilä with effect from June 1…
Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide…
Raytheon Company announced the launch of its new subsidiary, Raytheon Anschuetz USA LLC, located in San Diego, Calif. According to the company, Raytheon Anschuetz USA LLC aims to reinforce customer care and support for Raytheon Anschütz…
Shipbuilder VT Halter Marine, Inc. announced construction has started early for the second liquefied natural gas (LNG)-powered ConRo ship, Taíno, for Crowley Holdings, Inc. Taíno’s steel cutting ceremony was held May 27 at VT Halter’s Pascagoula…
The ‘FORAN new modules, new functions and FEM-Link (Hypermesh) Seminar’ was held on April 23rd in Wuhan. SENER is playing a big role in China, where it has been promoting the FORAN System for many years.Through the seminar, important new enhancements in its shipbuilding CAD/CAM System FORAN…
Company to Share Seamless Integration of Ballast Water Treatment System (BWTS); Experience in Retrofits for Small Footprint Installations at Nor-Shipping Maritime Environmental & Efficiency Management Seminar Hyde Marine, Inc., announced it will attend Nor-Shipping 2015…
Q88 LLC has opened a new office in London. Located in Soho, the cultural center of London's West End district, the office will serve as a hub for business development and client relations. The office will be headed by Q88's VP of Sales & Marketing…
