Korea-based conglomorate STX saw tough times the past year due to severe cash shortage, but is seeking a turnaround in 2013 after offloading some assests. Market analysts have mixed views for STX. Some say that its bold move will help the conglomerate get back on track…
Battling the storm a tug and a support vessel succeed in getting lines aboard the abandoned Shell drill rig 'Kulluk'.The vessels are 19 miles southeast of Kodiak Island, according to a joint statement issued by Shell, the Coast Guard and…
Last of the 65 ton blocks that make up the foundation of the extended quay wall of the 1 million TEU expansion laid in place.The Jebel Ali port expansion, scheduled to open for business in the second quarter of 2013, extends the quay wall by 400 metres to 3000 metres…
Both companies supply needs of the marine equipment market in the commercial and defense sectors.JCI, headquartered in San Diego, CA with additional operations in Pearl Harbor, HI., is a leading provider of maintenance, repair and overhaul (MRO) services focusing on habitability…
In his end of year address, president Gerardo A. Borromeo listed special projects for the InterManager Board's consideration.Excerpts from Mr Borromeo's speech follow:'As 2012 comes to a close I would like to thank you for your involvement and support of InterManager this past year…
Singapore-listed Cosco Corporation subsidiary Cosco Shipyard Group increases its investment in the registered capital of 60%-owned Cosco Qidong Offshore, China.Cosco has increased its investment by RMB300-million to RMB600-million. The…
Vendee Globe leaders Armel Le Cléac’h and his long time running partner François Gabart passed into the Pacific Ocean 9 days ago.As was widely predicted, the twosome have finally been slowed through today. It has been the two skippers which are chasing hard behind…
Malayali engineer Arun George Thomas, evacuated from an India-flagged ship off Goa coast after father obtained a court order.The evacuation was based on a High Court directive following a Habeas Corpus petition filed by Arun’s father who…
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries have won three new contracts - worth a combined value of $343mn - to bring the group's total order wins for 2012 to $8.1B. Mr Tong Chong Heong, CEO of Keppel O&M, said, 'With the strong confidence and support of new and repeat customers…
APM Terminals Apapa named “Best Terminal Operator of the Year” at Nigerian Maritime Excellence Awards in Apapa, Nigeria.APM Terminals Apapa, which assumed operational control of the facility in 2006, is now the busiest container terminal in West Africa…
Race leader 'Wild Oats XI' is set to launch into Bass Strait in the Cruising Yacht Club of Australia’s Rolex Sydney Hobart Yacht Race.There have been no retirements from the 76 boat racing fleet since it left Sydney on Boxing Day.Wild Oats XI's navigator…
Matson, Inc. agrees to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand.The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment…
Maersk Line wins 'Shipping Line of the Year' title at Supply Chain Asia (SCA) Logistics Awards 2012 in Singapore.The company was judged best in class among operators in the region – beating other finalists that included APL, Cosco, Hanjin…
Elliott Bay Design Group (EBDG) has announced that Chris Biernat has joined its New Orleans office as a Naval Architect IV. Chris is a recent graduate of the University of New Orleans. He holds a Bachelor of Science in Naval Architecture and…
VT Halter Marine, Inc. (VT Halter Marine) announced the appointment of Rear Admiral (Ret.) John J. Prendergast, III to the position of Executive Vice President (EVP).Mr. Prendergast will be responsible for a broad range of functions including Government Contracts…
