Maersk Drilling delivered a profit of USD 218m (USD 117m) in the second quarter of 2015. The result was positively impacted by continued strong operational performance, fleet growth, general cost savings and a USD 29m payment related to the divestment of the Venezuelan activities in 2014…
Pon Holdings and Parcom Capital announced they have agreed to buy Imtech Marine, the marine division of Dutch engineering services company Royal Imtech who has been declared bankrupt. No monetary figures have been shared. The final details of the takeover are yet to be worked out…
Dutch engineering services company Royal Imtech has been declared bankrupt and its Marine and Nordic divisions are being sold to private investors, the company and its administrators said on Thursday. Imtech, which employs 22,000 people…
More Cargo, Less Fuel, Greater Flexibility are Design HallmarksDeltamarin debuted a design that it dubs the first state-of-the-art container vessel of its series, the A.Delta2300. With extensive R&D the maritime design house delivers what…
APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cartagena Terminal…
More than 100 city officials, educators, community members, and representatives from the river industry attended West Kentucky Community and Technical College’s open house and ribbon cutting for its Inland Logistics and Marine Institute (ILMI) August 10…
Three continuing education courses with available CE credits will be offered for professional engineers as part of the technical program on day one of this year’s World Maritime Technology Conference to take place November 3-7 in Providence…
WFS Technology Ltd. has appointed Bill Strahan as Vice President Operations and General Manager, WFS Technologies (NI). Strahan brings to the role more than 25 years’ experience in manufacturing, logistics, engineering, strategic and quality systems roles…
Manufacturer of unmanned marine systems ASV announced that James Hailstones has joined its team as the company expands its reach into the offshore energy market. Based in Aberdeen, Hailstones will lead industry engagement as more firms…
Mitsui O.S.K. Lines, Ltd. today announced that the company continues to meet the inclusion criteria and remains a valued member of the FTSE4Good Index Series: the world's major Environmental Social and Governance (ESG)/Responsible Investment (RI) index (MOL have been selected since 2003)…
The Interlake Steamship Company proves phase one of emissions-reduction technology on Great Lakes; two additional ships to be outfitted with exhaust gas scrubber technology in 2016 Following the implementation of exhaust gas scrubbers on its self-unloading bulk carrier M/V Hon…
Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won.Keppel Offshore & Marine Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair…
BIMCO will focus on cyber security and how to handle a maritime casualty crisis at its next annual conference in Hamburg on November 18 2015 Angus Frew, Secretary General of BIMCO, said, “Hamburg is one of the shipping capitals of the world…
The U.S. Navy has ordered 56 AN/USC-61(C) Digital Modular Radios (DMRs) and related equipment from General Dynamics. The newly built DMR radios will be capable of using the Mobile User Objective System (MUOS) waveform, the digital dial tone needed to make voice calls to the U…
The judges have extending the deadline to submit entries for the 2015 SHIPPINGInsight Award from Aug. 15 to Sept. 15 to give more time for companies to participate. The annual SHIPPINGInsight Award recognizes a ship operating company and…
