Navico Holding AS (Navico) is to be Acquired by Goldman Sachs Merchant Banking Division and Altor Fund IV Navico – a provider of marine electronics and parent company to the Lowrance, Simrad, B&G and GoFree brands – announced that Goldman…
Vard Holdings Limited's subsidiary Vard Electro AS has secured a contract for the delivery of an engineering and electrical installation package for U.K.’s new $290 million polar research vessel under construction for the Natural Environment Research Council (NERC)…
OEM Group has secured a two-year contract worth up to £1 million with Go Marine to deliver engine support services to its fleet of vessels operating across the world for the oil and gas industry. Under the global technical support and services agreement…
Q88 LLC introduced a global support program that coordinates quick response and expert consultation for chemical spills/incidents and medical emergencies occurring onboard vessels at sea.Known as Q88 Response Center, the new program leverages the resources of Spill Center…
Moody's Investors Service confirmed the ratings of Teekay Corporation ('Teekay', or 'Parent'): Corporate Family Rating ('CFR') at B3 and senior unsecured debt rating at Caa1. Concurrently, Moody's upgraded the Speculative Grade Liquidity rating to SGL-3 (adequate)…
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, revealed its continuing efforts in organizing anchorage of maritime crafts across Dubai waters…
Norsafe Receives High Praise from Australian NavyNorsafe, global leader in marine life-saving equipment, has received a glowing recommendation from the Australian Navy for the quality of its lifeboat servicing on one of the Navy’s replenishment vessels HMAS Sirius…
Before the furious monsoon and tropical cyclones hit South East Asia, Ardent, the amalgamation of two salvage giants, has already positioned itself to tackle the growing number of accidents and casualties that become a regular feature this time of the year…
One week after the implementation of the new SOLAS regulation ‘Verified Gross Mass’ (VGM), MSC Mediterranean Shipping Company confirms an outstanding early experience of compliance rates by shippers. MSC France, which covers seven ports in the French Metropolitan area…
Team ENSTA Bretagne from France won the 11th edition SAUC-E competition, the Student Autonomous Underwater Vehicle Challenge - Europe. The 2nd prize went to the Tom Kyle team, from the University of Applied Sciences of Kiel (Germany). The UNIFI…
In the second half of 2015, Maersk Fluid Technology introduced a new version of its cylinder oil ‘Blending-On-Board’ (BOB) system, targeting medium-sized 2-stroke propulsion engines with a cylinder bore between 420 and 680 mm.Now the first…
Chairman Duncan Hunter (R-CA) Subcommittee on Coast Guard and Maritime Transportation Hearing on “An Examination of the Maritime Nuclear Smuggling Threat and Other Port Security and Smuggling Risks in the U.S.”The subcommittees are meeting…
The ISO 19030 is finally nearing publication, in a move that has the potential to save the shipping industry as much as USD 30 billion in annual fuel costs. It’s taken 12,000 hours of development work, involving 53 expert stakeholders, across more than three years…
Blackhawk Specialty Tools, LLC, an industry leader in deepwater cementing innovations, has acquired the surge reduction business line of Allamon Tool Company and its related intellectual property. The surge reduction business line includes…
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers. Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M…
