Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s currently under…
Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide…
Shipbuilder VT Halter Marine, Inc. announced construction has started early for the second liquefied natural gas (LNG)-powered ConRo ship, Taíno, for Crowley Holdings, Inc. Taíno’s steel cutting ceremony was held May 27 at VT Halter’s Pascagoula…
The ‘FORAN new modules, new functions and FEM-Link (Hypermesh) Seminar’ was held on April 23rd in Wuhan. SENER is playing a big role in China, where it has been promoting the FORAN System for many years.Through the seminar, important new enhancements in its shipbuilding CAD/CAM System FORAN…
Although the crisis is not over in all segments, Germany's second-largest marine lender, Nord LB, said its shipping loan portfolio turned a corner in the first quarter after several years of hefty losses, says a report in Reuters. The net…
Bollinger Shipyards announces the promotion of Eric Bollinger to Vice President of Sales. President and CEO Ben Bordelon made the announcement, stating, “Eric has been a key contributor to our company’s sales efforts for over 39 years. His…
U.A.E based offshore jackup rig builder Lamprell Energy Ltd., will implement SSI's EnterprisePlatform software solution to allow its engineering team to automate manufacturing processes. Acording to SSI (developer of ShipConstructor software)…
Southern African Shipyards (SAS) has entered into a Memorandum of Understanding (MOU) with the South African National Military Veterans Association (SANMVA), an umbrella body of the Department of Military Veterans that lawfully represents the interests of military veterans…
Lloyd’s Register (LR) recently signed a significant contract with COSCO Zhoushan Shipyard in China for the classification of seven new 3,600 teu containerships. Owned by Maersk Line, the vessels will be built to Danish Flag and have a length of 200 meters and a breadth of 35…
The world’s biggest nuclear-powered icebreaker keel laying ceremony took place of at the Baltic Shipyard on 26 May 2015.Heads of Atomfflot, the Baltic Shipyard and the RS Branch Office for Nuclear Vessels signed a Keel Laying Acceptance Report of the first serial nuclear-powered icebreaker…
Wärtsilä Corporation, has received an order for ballast water management systems (BWMS) for three new container ships being built for a major European shipping company at the Jinhai Shipyard in China. The vessels will be fitted with Wärtsilä Aquarius UV systems…
Construction begins on Crowley’s second Commitment Class, LNG-powered ConRo ship for use in the Puerto Rico trade Shipbuilder VT Halter Marine, Inc. has officially started the construction of Taíno, the second of two liquefied natural gas (LNG)-powered…
BMT Isis (BMT), a subsidiary of BMT Group Ltd, has announced that it will provide safety and environmental support for JFD’s five-year contract with the UK Ministry of Defence for the provision of the NATO Submarine Rescue System (NSRS).JFD…
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company…
Hyundai Heavy Industries (HHI) has become the world's first shipbuilder to deliver its 2,000th ship. The world's largest shipbuilding company delivered a drillship, 'Ocean BlackLion,' to U.S. oil drilling firm Diamond Offshore at the Ulsan shipyard Friday…
