Singapore-listed Otto Marine Limited said one of its subsidiaries – GO Marine Investments Pte Ltd – had fully redeemed preference shares from a Singapore private equity firm for S$12 million in cash. “The above transaction is not expected…
Hyundai Heavy Industries (HHI) will stop dismissing employees through voluntary retirement plans and pay each of their workers a special bonus of 1 million won ($910), the company CEO said. The Korea Times quoted a statement addressed…
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier 'Jag Arnav'. The vessel of about 81,600 dwt was built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines. With the inclusion of the vessel…
The actions of a local hero were honored by U.S. Coast Guard (USCG) Sector Long Island Sound during the East End Task Force meeting in Hampton Bays, New York, May 20. Cmdr. Jonathan Theel, Chief of Responses for Sector Long Island Sound…
SIU Piney Point building dedicated in honor of the late Thomas B. Crowley Sr. The Seafarers International Union (SIU) recently honored the late Thomas Crowley Sr. during a dedication ceremony that named a new administration building in his memory…
A 5-kilometer fun run to benefit The Mission to Seafarers was held at Norway’s Nor-Shipping conference on June 1. Representing Maritime Reporter & Engineering News at the charity race was Greg Trauthwein, Associate Publisher and Editor, and Dawn Trauthwein…
Eli Vassenden, COO Ship Management in Grieg Star, has been awarded the WISTA LeaderShip Award 2015 by WISTA Norway as recognition of her contribution the maritime industry, her competency and leadership skills within the traditionally male dominated role of COO…
Xodus Subsea has appointed a General Manager and Business Development Manager to drive activity in the Americas, as the company aims to challenge the largest tier one subsea engineering companies for a share of the market in the region.Amedeo…
ABB Turbocharging Power2 800-M solution plays key role in first of new generation enginesPower and automation technology group ABB announced at Nor-Shipping 2015 the first application on a marine engine of its Power2 800-M second generation two-stage turbocharging solution…
Glander International Bunkering, a bunker and lubricant trading and brokering firm, has appointed Kenneth Lim as Bunker and Lubricant Trader for the Singapore office. Lim has knowledge and experience supplying bunkers and lubricants in Singapore…
NorSea Group (UK) Limited has established a new executive team to lead the company’s growing activity across Scotland. Walter Robertson has been appointed Managing Director while Mike Munro becomes the company’s first Operations Director. Robertson…
Danelec Marine and Radio Holland, part of Imtech Marine, have teamed up to create worldwide standardized pricing for the installation of Danelec Voyage Data Recorders (VDRs) and Simplified VDRs (S-VDRs).Under the agreement, Radio Holland’s…
AAL, one of the world’s leading global breakbulk, project cargo and heavy lift shipping operators, has strengthened its foothold in the oil rich mining region of Northern Alberta, by expanding its popular ‘Pacific Service’ liner route to include the British Columbia Port of Prince Rupert…
Aker Solutions won its first order for a project offshore Mexico as it secured a contract from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field.Aker Solutions will deliver electro-hydraulic steel tube…
Is a bow really a necessity for large ships? When the vessel’s main function is walk-to-work (W2W) services in the offshore renewable sector, a heightened sterncan operateeither way,thus facilitating on-siteDP positioning.This is the idea behind the TWIN X-STERN concept vessel from ULSTEIN…
