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The Panama Canal Authority has awarded Spanish shipbuilder Astilleros Armon S.A. a $158.3 million contract  for 14 new tugs to increase the current fleet to meet the projected growth of transits on the waterway.The contract was awarded to the company offering the best value proposal. The tender was opened to wide competition with the participation of 20 co ...

The U.S. Maritime Administration has approved a $346,129,000 Title XI guarantee to Vessel Management Services, Inc., a wholly-owned subsidiary of Crowley Holdings, Inc., for the construction of three 330,000 barrel double hull tug/barge units. VT Halter Marine, Inc. in Gulfport, Mississippi is constructing the barges and Dakota Creek Industries in Anacortes, Washington has bee ...

STX OSV Holdings Limited has secured a new contract for the design and construction of one Platform Supply Vessel (PSV) for Troms Offshore Supply AS.The vessel will be of STX OSV's PSV 08 design,which includes Clean Design notation and environmentally friendly diesel-electric propulsion. The vessel, scheduled for delivery in March 2013, will have a deck space ...

U.S.-flag containership operator Horizon Lines, Inc. (NYSE:HRZ) says it has completed a comprehensive refinancing of its entire capital structure that will give the company "adequate liquidity to fund continuing operations and the ability to achieve substantial additional debt reduction.""We now have a new capital structure that eliminates the refinancing uncert ...

Federal Maritime Commission Chairman Richard A. Lidinsky, Jr. says Canadian and Mexican ports are free to compete with U.S. ports for U.S. cargo, but "they should do so on a playing field that is not artificially tilted by governments' policies. So the primary question is: are we handicapping our own ports in international competition?"Chairman Lidinsky was commenting o ...

Sweden's Rederi AB TransAtlantic is to acquires all shares in the British offshore shipping company SBS Marine (Holdings) Ltd. from Kistefos AS  for a preliminary consideration of approximately SEK 340 million. SBS Marine has a net debt of approximately SEK 480 million. TransAtlantic plans to raise SEK 550 million through a rights issue to finance the acquisition and to strength ...

The transit of Princess Cruises' Island Princess marks the beginning of the the Panama Canal cruise-line season, which officially starts today and runs through the middle of next year. According to Jaime Castillo, international trade specialist from the Panama Canal Research and Market Analysis office, at least 205  cruise ship transits are expected this season. ...

Jensen Maritime, a Crowley Maritime Corporation company, has appointed Dan Babcock as manager of business development, reporting to Johan Sperling, vice president of Jensen. In this position, Mr. Babcock is responsible for business development in support of the organization’s growth strategies. Camilla Oding, who was recently appointed marketing analyst, reports to Mr. ...

Jamie Sweeting, vice president of Environmental Stewardship, Royal Caribbean Cruises Ltd., says he is "delighted" that the cruise line is the recipient of the North American Marine Environment Protection Association (NAMEPA) 2011 Marine Environment Protection Award."Royal Caribbean is dedicated to helping to protect the marine environment, and we are committed to ...

João Cândido, the first in a series of ten 160, 000 dwt Suezmax tankers building at Brazil's Atlântico Sul Shipyard (EAS) for Transpetro, is equipped with Evac's complete wastewater system. Evac's system has also been selected for the series of five 110,000 dwt Aframax tankers being built by Atlântico Sul.The delivery of MT João Cândido is a historical milest ...