Nautical Bulk Holdings Limited, a newly formed Bermuda-based dry bulk shipping company, has raised in excess of $100 million of equity capital to fund the construction of eight ultramax, eco-friendly vessels under construction by Jiangsu Hantong Ship Heavy Industry…
The SHIPPINGInsight conference producers have finalized the agenda and confirmed speaker list for the 2013 Fleet Optimization Conference, scheduled for Oct. 22-24 at the Sheraton Stamford Hotel in Stamford, Conn.“The theme for this year’s conference is ‘Connect and Engage…
Concordia Maritime´s president Hans Norén will leave the company at the end of the year. Norén said, “After ten years as president and 18 years in total with the company, the board and I have agreed that year end 2013 will be a good time for a change on this position…
Classification Society Lloyd's Register is restructuring its marine management in China to create a more efficient operating model. The new Marine Manager for Greater China will by Maogen Xue, to be based in Shanghai. The changes in personnel are as follows:In a new area named East China…
It’s a powerful proposal. Keeping a 90-meter, 4,500-deadweight capacity platform supply vessel (PSV) stationary only a few meters from an oil and gas platform, as it transfers fluids, equipment and personnel in challenging weather conditions…
Linda P. Hudson, president and CEO of BAE Systems, Inc. since 2009, has announced her plan to retire from the company following a distinguished career in the defense industry.To ensure a seamless transition, Hudson has agreed to remain in post through the first quarter 2014…
Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company, continues its hiring boom with the recent addition of eight new naval architecture, marine engineering and administrative professionals in the company’s Seattle…
Mississippi’s Lieutenant Governor Tate Reeves and VT Halter Marine’s Executive Vice President John Prendergast are slated to deliver keynote addresses at the Gulf States Shipbuilders Consortium’s (GSSC) summer meeting scheduled August 21‐22…
Vard Holdings Limited secured contracts with joint ventures of DOF Subsea and Technip for the design and construction of four Pipe Lay Support Vessels (PLSVs), a contract which is the largest order in VARD’s history, with an aggregate order value of approximately $ 1…
Crowley Maritime Corporation announced today that it will continue to grow its fleet of petroleum vessels and enhance service to customers by contracting with Aker Philadelphia Shipyard Inc. (APSI) to build up to eight product tankers for delivery between 2015 and the end of 2017…
Eastern Shipbuilding Group, Inc. announced the christening and launching of the M/V Bravante VI for Boldini S.A., Bravante Group of Brazil. This is the second vessel in a series of five. The event was held on August 5, 2013 at Eastern’s Nelson…
Willard Marine, Inc. announced Monday that David “Smokey” Glover will join its east coast Virginia Beach facility as Director of Operations.Glover’s career in the maritime industry dates back to 1974 when he completed a four-year apprenticeship as marine machinist for Norfolk Naval Shipyard…
Program Execution Generates Operating Margin and EPS Growth•Revenues were $1.68 billion for the second quarter of 2013•Segment operating margin was 8.1%, a 70 bps improvement over Q2 2012•Total operating margin was 6.9%, up from 6.2%…
With over 20 years of maritime experience, Bryson was previously with Derecktor Shipyards, Christensen Shipyards, and Heisley Marine Corp.Bryson also served as Director of Engineering at Brunswick Corporation, overseeing approximately 50…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA).Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…
