Over the past few years, we have provided regular analysis of the maritime and offshore industry mergers and acquisitions (M&A) markets. But what goes into those decisions and transactions? This quarter, an overview of the basics of mergers and acquisitions – the players…
The mini-VSAT Broadband service of KVH Industries, Inc., has been cited in a newly published report as the market share leader in the maritime VSAT industry by vessels in service. 'The COMSYS Maritime VSAT Report, 4th Edition' estimates that KVH's mini-VSAT Broadband customers account for 17…
Wärtsilä has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe with effect from 23 March 2015. This is a remarkable continuation to the recognition Wärtsilä received from Forum Ethibel in September 2014…
Coast Guard crews rescued two fishermen from a sinking vessel 10 miles south of Newport, Rhode Island, Monday.At approximately noon, the two person crew of the 38-foot fishing boat More Misery notified watchstanders at Coast Guard Sector Southeastern New England in Woods Hole…
Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) of Statoil as of 1 April.Opedal will be responsible the corporate improvement…
Hiab, part of Cargotec, has selected the finalists who will take part in the first ever World Crane Championships at the Commercial Vehicle Show in Birmingham, United Kingdom, on 14-16 April 2015. The 18 contestants, who have won their places…
A yacht race from Hong Kong to the Philippines will take place from 1 April (Wednesday) to 6 April (Monday). About 24 yachts are expected to participate in the race. The race will commence on 1 April 2015 at 1330 hours at a place off the Causeway Bay Typhoon Shelter…
In collaboration with Autodesk, SSI's dealer in the Benelux, CADMatch, has organized CADMatch Maritime Day for April 16, 2015 in Oosterhout, NB. The day’s theme will be 'Engineering: the foundation for success.' According to the organizers…
IRClass (Indian Register of Shipping) has established a senior level advisory committee in the United Arab Emirates in an effort to increase activity and foster business links in the region.The committee comprises of 11 senior representatives…
The unmatched track record and expertise that Wärtsilä has in LNG fuel solutions for the marine industry is again emphasised with the company's launching of a new series of LNG Carrier ship designs. This series of designs is the latest addition…
Mitsui O.S.K. Lines, Ltd. today announced the graduation of 105 students in the fourth class of the '3rd Year Program,' which MOL introduced with the goal of developing crewmembers who will uphold strict safety standards in vessel operation…
Secretary of the Navy Ray Mabus arrived on Iwo To, the island formerly known as Iwo Jima, March 21 to attend the 70th anniversary commemoration of the Battle of Iwo Jima.On the island where, in 1945, the United States and Japan met in conflict…
Milaha Maritime & Logistics, a subsidiary of the Qatar based Milaha Group which delivers integrated transport and supply chain solutions in the GCC, has announced the launch of the first direct container service between Qatar and India.…
Sailors assigned to the U.S. 6th Fleet command and control ship USS Mount Whitney (LCC 20) painted a local elementary school in Rijeka, Croatia, March 11-17, 2015.The Sailors started the community relations (COMREL) project at Nikola Tesla Elementary School in Rijeka…
FMC Technologies Inc. and Technip today signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed…
