Royal Boskalis Westminster N.V. (Boskalis) and Smit Internationale N.V. (Smit) announced that they have signed a merger protocol for a full merger of the two companies. The transaction will be effectuated through an all cash public offer of $84…
Severn Trent De Nora has entered into an exclusive licensing agreement with The Vinson Gavrel Group to use the company’s patented Ecolotron electrocoagulation (EC) reactor in the Omnipure Series 55 marine sanitation system design. The Omnipure…
The Isle of Man Ship Registry has signed a Memorandum of Understanding (MOU) with Toko Maruraku Transportation Co. Ltd in Tokyo in order to facilitate the registration and related services to its growing number of Japanese clients. The services that Toko Maruraku Transportation Co…
Athens Group announced a 64% increase in year-over-year revenue for 2009 as well as a 225% increase in booked business for 2010. Athens Group is experiencing a growing demand for its Drilling Technology Assurance (DTA) Services on newbuilds…
Tsakos Energy Navigation Limited (TEN) (NYSE:TNP) announced that it has signed a Memorandum of Agreement with a state oil company for the sale of the 2003-built aframax tankers Marathon and Parthenon for a combined price of $78m. One vessel…
PTC (Nasdaq:PMTC), The Product Development Company, and Sener announced plans to strengthen their alliance to deliver an integration between Sener’s FORAN system and PTC’s Windchill PLM software. The integration will enable Sener’s shipbuilding…
Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to extend the time charter for the Genco Muse, a 2001-built Handymax vessel, with Global Maritime Investments Ltd. for approximately 10.5 to 12.5 months at a rate of $17…
PTC, The Product Development Company, and SENER announced plans to strengthen their alliance to deliver an integration between Sener's FORAN system and PTC's Windchill PLM software. The integration will enable Sener's shipbuilding customers…
According to a Jan. 20 report from Reuters, Danish shipper Norden A/S (DNORD.CO) has agreed to buy three product tankers from a Turkish owner for about $79m to take advantage of a recovery in freight rates.(Source: Reuters)
Davie Yards Inc. (TSX:DAV) announced that Gustav Johan Nydal will be joining the corporation as President and CEO. Nydal-who has extensive experience in the marine industry-is taking over for Steinar Kulen, who will become Chairman of the Board of Davie…
Matcor, Inc., a cathodic protection and corrosion prevention engineering design firm, announced the appointment of Timothy Disney as General Manager of the Houston/Gulf Coast operations. Based out of Katy, Texas, Disney will report directly to Matcor’s President and CEO Jeffrey Stello…
Crowley Maritime Corporation, working under contract with the U.S. Transportation Command (USTRANSCOM), is unloading Haiti relief cargo in Rio Haina, Dominican Republicy. Fifty six of the 68 20-ft containers of water and meals-ready-to-eat (MREs) will be trucked across the border into Haiti…
EPS Corporation has been awarded a $200,000 contract to support the Ship to Shore Connector (SCC) cost study for the Department of Navy. The SSC is intended to provide the functional replacement for the Navy’s Landing Craft Air Cushion (LCAC) hovercraft currently in service…
In a highly volatile business environment, Liebherr’s Mobile Harbour Crane Division delivered satisfactory operational performance. In 2009, deliveries amounted to 74 Mobile Harbour Cranes and thus were 27% below those of the previous year’s period…
Wärtsilä has analysed its manufacturing footprint as announced in October. To adjust to the fundamental changes in the market Wärtsilä plans to reduce its manufacturing capacity. Wärtsilä also plans to move the majority of its propeller production and auxiliary engine production to China…
