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A.E. Nomikos Shipping Inv. Ltd. and Lounia Shipping Co. Ltd. this week pleaded guilty to one count each of violating the Act to Prevent Pollution from Ships, and knowingly making false statements to the U.S. Coast Guard. As part of the plea agreement, the companies agreed to pay a $750,000 fine. Half of the fine – $375,000 – will go to the Oregon Governor's Fund for the Environment, whic ...

A ribbon-cutting ceremony has inaugurated the upgraded A-Berth facility at DCD-Dorbyl Marine's Cape Town, South Africa, ship repair facility. Designed and built to provide the local and international oil and gas industry with a multi-disciplinary engineering, repair and refurbishment facility, the state-of-the-art A-Berth is set to provide a benchmark for the industry.Based in ...

Interocean American Shipping Corp., Moorestown, N.J., is being awarded a $28,189,899 firm-fixed-price contract for the operation and maintenance of the Sea-Based X-Band Radar platform (SBX-1). SBX-1 is a converted semisubmersible, originally built in the Vyborg shipyard in Russia to serve as a MODU. SBX-1 will be deployed to the Pacific Ocean to provide ballist ...

Raymond Lord has been named President of Donjon-SMIT, LLC, effective November 8.   A native of Houston, Texas, Mr. Lord has more than 30 years of experience within the marine salvage industry, most recently serving as Vice President and Operations Manager for SMIT Americas in Houston. "We are very happy to welcome Raymond Lord to Donjon-SMIT," sa ...

Caledonian Maritime Assets Limited (CMAL) has announced that Ferguson Shipbuilders, Port Glasgow, Scotland as the preferred bidder for the contract to build the world's first two seagoing Roll-on/Roll-off vehicle and passenger (Ropax) diesel electric hybrid ferries.Ferguson will be working alongside Glasgow based ship design specialists Seatec and electrical sp ...

Arctech Helsinki Shipyard Inc. started the production of a second icebreaking supply vessel for Russian shipping company Sovcomflot at the Helsinki Shipyard yesterday. Both vessels will be delivered in April 2013. The main purpose for the vessels is to supply the Arkutun-Dagi oil and gas production platform of Exxon Neftegas Limited in the Sakhalin area in Far Eas ...

China's COSCO (Zhoushan) Shipyard Co. Ltd.,a subsidiary of , COSCO Shipyard Group Co. Ltd., has secured a contract valued at over $68 million to build two ) 82,000 dwt dry bulk carriers.Both bulkers are scheduled for delivery in the second quarter of 2013.A stock exchange announces discloses only that they are for "an Asian company."Novembe ...

Cummins Inc. (NYSE: CMI) has introduced its new QSK95 engine with over 4,000-hp (2,983 kW) output, describing it  as "the world's most powerful high-speed diesel." The 95-liter 16-cylinder QSK95 is the first engine to be introduced in a new high-horsepower diesel and gas series from Cummins. The new product line will extend up to the 120-liter 20- ...

Offshore service vessel giant Tidewater Inc. (NYSE:TDW) reported a second quarter net loss for the period ended September 30, 2011, of $4.9 million, or $0.09 per share, on revenues of $250.9 million. For the same quarter last year, net earnings were $19.4 million, or $0.38 per share, on revenues of $267.1 million. The immediately preceding quarter ended June 30, 2011, had n ...

Grand China Shipping is suspending a weekly trans-pacific containership service-- Super Pacific Express (SPX) -- that it initiated in March this year. SPX links Long Beach with the Chinese ports of Shanghai, Ningbo, Xiamen and Yantian and involves five ships. Today, Grand China Shipping said: Dear Valued Customers, Today with regret we are ...