Singapore-listed Vard Holding sank deeper into the red as third-quarter losses widened to S$80.2 million. The losses were attributed to the dual challenge of a severe cyclical downturn in its core market, and managing the turnaround of its Brazilian operations…
London-listed Goldenport Holdings has sold a 2009-built bulk carrier to Zenith Shipping LP of Majuro, Marshall Islands. The 2009-built Alpine Trader was sold for a gross cash consideration of $9.3m and delivered to its new owners on November 5…
Bollinger Shipyards announces the addition of Joe Mayhall to its corporate sales and marketing team. Bollinger president and CEO Ben Bordelon made the announcement, stating, “In his new role of Vice President, Commercial Business Development…
IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016 and 2020…
NAPA has opened a German office, also hiring Sales Director Lars Nickel.With its new Hamburg office, NAPA aims to strengthen its market position in the European market and develop closer collaboration with customers, the company explained…
World Wide Metric, a global supplier specializing in the distribution of valves, flanges, piping systems and hydraulic components in JIS and DIN, and ANSI standards, is celebrating its 45th anniversary. In 1970, former ship captain Constantinos Contos…
The Singapore-listed and China-based shipbuilder Yangzijiang Shipbuilding has secured new orders worth $730m, including two very large gas carriers, between September and October. The two 84,000 cbm very large gas carriers (VLGCs) were ordered by Shanghai Zhenrong Energy…
Naftomar Shipping And Trading Co. Ltd. Inc., which is engaged in shipping and trading liquid petroleum gas, contracted China’s Jiangnan Shipyard to build two Very Large Gas Carriers (VLGC), say local media reports. The Voula, Greece-based company has ordered one 84…
Hapag-Lloyd AG, the German container shipping company, has succeeded in completing its initial public offering (IPO), after a hard campaign in which the outcome sometimes looked in doubt. It has set the final offer price for its shares at €20 ($21…
COSCO Corp (Singapore) will refund $26.3 million, or 5 percent of the contract price, plus associated interest to Sevan Drilling by December 1, 2015. Sevan Drilling and Cosco have agreed to exercise the first six-month option to extend the deferral agreement to April 15…
Caterpillar Marine’s dealer in Turkey, Borusan, has signed a Letter of Intent (LOI) with Turkish shipbuilder Sanmar Shipyards for the supply of a range of propulsion units over the next three years. The LOI covers the supply of Cat propulsion…
Dorian LPG Ltd took delivery of five vessels under our ECO-design VLGC newbuilding program, the Continental, the Constitution, the Commodore, the Cresques and the Constellation. John Hadjipateras, Chairman, President and Chief Executive Officer…
China Shipping Group's CSCL has agreed a deal to bareboat charter up to 11 units of 21,000 teu containerships, of which five will be options exercisable after six months of charter for the first six ships, says local media reports. It has confirmed the 21…
U.S. shipbuilder Huntington Ingalls Industries (HII) announced today a number of changes across its leadership team.HII’s Board of Directors has elected Christopher D. Kastner to succeed Barbara A. Niland as the company’s chief financial officer and corporate vice president…
Press release - The Lincoln Electric Company, a subsidiary of Lincoln Electric Holdings Inc., announced it is investing approximately $30 million in a new Welding Technology Center on its Euclid, Ohio campus.The Center will focus on the…
