Vyborg Shipyard signed a License and Concept Design Agreement with the Finnish engineering company Aker Arctic Technology for two icebreaking support vessels. Two multifunctional diesels-electric- powered icebreakers 22 MW will be built at Vyborg Shipyard by order of LLC Gazprom Neft Novy Port…
Golden Ocean Group Limited has entered into several agreements concerning its fleet.Golden Ocean has agreed with Ship Finance International Ltd ('Ship Finance') a sale leaseback transaction of eight Capesize vessels currently owned by Golden Ocean…
Royal IHC is very honored to be part of the program on the King’s Birthday. Among other activities, the King and his family will be viewing a ‘Grande Maritime Parade’ in Dordrecht. The last ship in this spectacular show is the offshore vessel…
Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs). Delivery from the South Korean shipyard is scheduled for between the fourth quarter 2016 and first quarter 2017…
Huntington Ingalls Industries and Kinder Morgan Inc. decide not to pursue joint venture on Avondale redevelopment Huntington Ingalls Industries (HII) announced it has completed discussions with Kinder Morgan Inc. (KMI) to explore the redevelopment of HII's Avondale shipyard in Louisiana…
Navios Group has agreed to acquire another 14 vessels from HSH Nordbank in the second major distressed fleet deal between the two parties in the past two years. HSH Nordbank and the Navios Group have signed a binding letter of intent for…
Mitsui O.S.K. Lines, Ltd. (MOL) has signed a contract covering construction of four next-generation 'FLEXIE' car carriers at Minaminippon Shipbuilding Co., Ltd. To be delivered in 2017 and 2018, the ships will serve on on MOL's worldwide…
The Hamburg-headquartered shipping line Hamburg Süd was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela. The modest 2 percent increase in cargo volumes is attributed to the less-than-expected…
Shanghai-listed Shanghai International Port Group (SIPG) is currently considering acquiring part of the equity stakes in Shanghai Jinjiang Shipping, a container shipping company mainly engaged in China-Japan routes, as part of the group’s comprehensive development strategy…
Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide environmental stewardship initiatives. The announcement was made during a…
The Union Cabinet of India has given its approval for signing of a shipping agreement between India and Jordan. The Union Cabinet was chaired by Prime Minister Narendra Modi. An official press release said the government had decided to…
MISC Bhd is selling AET Tanker Holdings Sdn Bhd, which owns a fleet of 74 crude oil and product tankers, to US-listed Teekay Tankers Ltd, reports local media. AET is a wholly-owned subsidiary of Malaysia's MISC Bhd. and a major global…
Labor’s indecision has left shipbuilding in a precarious and uncertain state The Abbott Government is committed to a sustainable Australian naval shipbuilding industry. Sadly, years of neglect by the former Labor government has left shipbuilding in a precarious and uncertain state…
Naval Sea Systems Command (NAVSEA) headquarters officially opened its recently redesigned, renovated and renamed building with a ceremony April 20 at the Washington Navy Yard. With a nod to NAVSEA's mission, Building 197 will be known as the Humphreys Building…
Offshore construction vessel Olympic Bibby, build no. 371 from Kleven Verft, has been delivered to Norwegian shipowner Olympic Shipping. The vessel has a long term charter with Bibby Offshore, and its first job will be on the British sector of the North Sea…
