Work on the 'Endeavour' rig by local contractors in Homer nears completion prior to deployment for shallow water drilling off Alsaska coast.Before its acquisition in November 15, 2011, the Endeavour had been idle for several years, and Buccaneer and its venture partners…
The new company, CIT Maritime Finance will originate & underwrite blue water vessel financing & its managing director is Svein Engh.CIT Maritime Finance will offer senior secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels including tankers…
Container ship owners Hapag-Lloyd report increased revenue and profits in the third quarter 2012.Hapag-Lloyd was able to increase freight rates, revenue and results in the third quarter, although the market environment remains challenging…
Thuraya names Joseph R. Francis as Regional Director, North America to support the company's work in the government market sector.Mobile satellite services operator, Thuraya Telecommunications Company's new man will be based in the U.S.…
Norwegian training specialist Seagull AS signs a licensing agreement with the International Shipping Federation (ISF).The agreement allows Seagull to utilise electronic versions of the widely-used ISF Onboard Training Record Books in conjunction with the Seagull Competence Manager software…
General Dynamics NASSCO completed the complex float out operation for the first Mobile Landing Platform (MLP) ship, USNS Montford Point. Construction of the USNS Montford Point is progressing ahead of schedule, with the ship currently at 91% complete…
InterManager, the international trade association for the shipmanagement and crewmanagement industry, is supporting a survey which aims to identify how much of a burden red tape places on seafarers.The Association is urging its members to encourage their staff to take part in the online survey…
The international recruitment company Atlas Services Group and EIVA have joined forces by entering into a collaboration agreement that will include training courses on the EIVA software suite in Atlas Services Group’s training curriculum offered globally…
Executive Director Len Waterworth has implemented a reorganization of the management structure of the Port of Houston Authority designed to enhance efficiencies, drive higher profitability and ensure greater accountability, consistent with the Port Authority's vision and mission…
NYK hosts cruise aboard their Japan-based cruise ship to the region worst affected by the earthquake.The two-night, three-day cruise on Asuka II (50,142 tons; 800-guest capacity; about 470 crew) set sail from Yokohama to Sendai, and the…
Seadrill receives award for newbuild ultra-deepwater semi-submersible 'West Mira' with start-up in 2015Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment…
The best yacht sailors in the world will return to Naples, Italy from April 16-21 for the first America’s Cup World Series event of 2013.Naples originally hosted the America’s Cup World Series in April 2012, drawing over 500,000 spectators on site…
Maritime training specialist Seagull plugs the gap in training for shipboard expertise in operation of high voltage electrical systems.The wider adoption of electrical propulsion, variable speed drives and cold ironing have combined to make shipboard higher voltage systems (above 1…
In its interim third quarter financial report the company says it remains on track to attain its long-term profit target.Maersk Drilling’s profit in the third quarter 2012 was US$ 87-million compared to US$ 139-million in the third quarter of 2011…
Fidelis Group Holdings LLC offers a new US$25-million excess marine liability facility for the maritime industry.Fidelis Group Holdings LLC (FGH) through its subsidiary company Continental Underwriters, Ltd., announce details of their new US$25…
