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Classification society Germanischer Lloyd (GL) and Japanese shipbuilder IHI Marine United Inc. (IHIMU) have signed an agreement for a joint development project  to complete a concept study for a 13,000 TEU container vessel fueled by LNG. "IHIMU shares GL's assumption that LNG will be a key technology for addressing the challenges the maritime industry faces in ...

The Lake Carriers Association says that more than 1,200 boilermakers, welders, electricians and other craftsmen will have jobs this winter maintaining and modernizing U.S.-flag Great Lakes freighters. The major U.S.-flag operators will invest more than $75 million in their 56 vessels when they lay up between late December and mid-January so the fleet will be ready to ...

Not that long after a December 5 statement from Singapore's NOL saying that it "currently, is not making another bid for a stake in Hapag-Lloyd," Germany's TUI Group today announced "another major step on the path towards exiting container shipping."TUI currently holds a stake of around 38.4 per cent in Hapag-Lloyd. It has now decided to tender a 33.3 per cent stake ...

Lloyd's Register has announced the appointment of John Wishart to lead its diversified global energy business. He takes the helm as Energy Director at a time where higher energy prices spur asset investment and demand for technical assurance. Wishart, who joined the organization from GL Noble Denton, will be based in London and is expected to bring a wealt ...

Ballast water technology systems provider Optimarin, Stavanger, Norway, recently signed a framework agreement with offshore vessel owner DOF for high-efficiency BWT systems to be retrofit in existing ships (with options for newbuilds) over a period of three years, from 2012 to 2015. Worldwide, there is an estimated 39,000 ships that must be fitted wit ...

Germany's ThyssenKrupp AG reports that it signed a purchase and sale agreement with U.K.-based Star Capital Partners on December 11, 2011. The sale concerns the companies Blohm + Voss Shipyards, Blohm + Voss Repair (including Blohm + Voss Oil Tools) and Blohm + Voss Industries as well as their subsidiaries. Star Capital Partners will continue the operations at all sites. ...

Exports of U.S. LNG could be headed for India. Cheniere Energy Partners, L.P. (NYSE Amex: CQP) announced today that its subsidiary, Sabine Pass Liquefaction, LLC has entered into an agreement that will see GAIL (India) Limited purchase approximately 3.5 million tonnes per annum of LNG from liquefaction train four at the Sabine Pass LNG terminal. Prior to the co ...

Renee Marazon, CEO of the Maritime Academy of Toledo Foundation, has announced that Daniel Kleiboemer has been named the Director of the foundation and is expected to oversee course development and curriculum for several maritime adult job training programs as well as recertification programs for those already in the maritime industry.Among the ...

Rolls-Royce has secured an order to design and equip two offshore supply vessels for Aberdeen, Scotland, based Gulf Offshore North Sea Ltd. The value of the contract to Rolls-Royce is approximately GBP 10 million. The newbuilding order for the two vessels was ...

Singapore-based Otto Marine Ltd. is making its first foray into the Indian market. Last month it set up a 50:50 joint venture partnership with strategic partner Limin Marine Private Limited. Today, Otto Marine reported the sale of a 40 m Anchor Handling Tug (AHT), Swordfish 3 to the JV  company, Otto Limin Marine Private Limited. The AHT has been completed at Otto ...