Wärtsilä Corporation and Zhuhai Yuchai Marine Power Co Ltd, a subsidiary of Guangxi Yuchai Machinery Group Co Ltd, have jointly signed a licence agreement for the manufacture and sale of Wärtsilä RT-flex low-speed marine diesel engines by Zhuhai Yuchai Marine Power in China…
With effect from 1 November 2009, the Norwegian freight forwarder AS Fellestransport will change its name to Greencarrier Norway and merge its activities with those of the existing company Greencarrier Norway. All of its staff will become Greencarrier…
When the new Mangistau Oblast Boat Yard (MOBY) in Bautino, Kazakhstan ordered a Marine Travelift 600C mobile boat hoist for its marine repair operations, few were to appreciate the logistical challenges this particular placement would bring…
Tankerska Plovidba has eight new buildings on order with deliveries in 2010 and 2011. Recently, two separate agreements have been made with SpecTec Limited, for the supply of AMOS software and databases for two new buildings in Jiangsu Eastern…
According to an Oct. 15 Bloomberg report, ThyssenKrupp AG’s Marine Systems unit and Abu Dhabi MAR Group plan to set up a long-term partnership and a 50/50 joint venture, Abu Dhabi MAR said in an e-mailed statement.(Source: Bloomberg)
Growing work in the government sector, particularly with the US Navy and the US Coast Guard has ABS responding with changes to its Government Operations office located in Washington, DC. Key staff appointments and additional project management…
Collecte Localisation Satellites (CLS) and Iridium Communications Inc. (NASDAQ: IRDM) announced that the U.S. Coast Guard has type-approved the CLS Thorium terminal for Long-Range Identification and Tracking (LRIT). The type approval clears the way for CLS America…
Blount Boats, Inc. has signed a contract with Wendella Sightseeing Company, Inc. to construct an 89 by 30-ft steel excursion vessel. This vessel will be a sister ship to the M/V Wendella (Hull 320) built by the Blount shipyard in 2007. The…
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it named Ziad Nakhleh as the Company's Chief Financial Officer effective November 1…
Aries Maritime Transport Limited (NASDAQ:RAMS) announced that Grandunion Inc., a company controlled by Michail S. Zolotas and Nicholas G. Fistes, acquired 18,977,778 newly issued common shares in Aries in exchange for three capesize drybulk carriers…
Elliott Bay Design Group (EBDG) announced that its New Orleans staff has moved into its permanent home, 4,750 sq ft of prime office space on the 15th floor of the One Canal Place building. The staff operated out of temporary space in the same building for the past six months…
OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services for both drybulk and energy commodities, announced a new charter for the recently acquired 180,000DWT, 2005 built capesize vessel. Upon delivery, the vessel…
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed agreements with Nord LB and West LB on waiver terms for $116m and $67m respectively of our outstanding debt…
PD Ports has been shortlisted for the International Bulk Journal Awards 2009, in the category of Best Ship Loading/Unloading System. The awards, which take place in Amsterdam on 23rd November, will see PD Ports compete against four other entries…
ART Marine, an Abraaj Capital portfolio company and the Middle East's largest importer and distributor of luxury motor-yachts, announced the appointment of a highly experienced CEO from the United States to drive its expansion in the region as demand for pleasure craft begins to recover…
