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Norway's Ulstein Group has established a new company, Ulstein IDEA Equipment Solutions. This company will take over the activities of former IDEA Heavy Equipment b.v, a Dutch company with which Ulstein has cooperated with in recent years.Ulstein IDEA Equipment Solutions will be engaged in the development and manufacturing of innovative mission and interface eq ...

Paris-headquartered offshore services giant Bourbon reports second quarter and first half revenues that include an 18.8  percent growth in half-year revenues to 482.7 million euros at current exchange rates and an increase in utilization rate up to 84.7  percent. "The steady increase in the fleet's utilization rates, particularly in shallow water offshore, i ...

DNV Petroleum Services (DNVPS) reports that Fritz Jakob Fredriksen has joined the company as a Principal Consultant. In his new role, he will be advising shipping companies on a wide range of issues, including fuel management, regulatory and environmental matters, port operations, navigation, as well as safety training and practices.Mr. Fredriksen was Chairman of ...

Genesis Energy, L.P. (NYSE:GEL) announced today that it has completed a previously announced acquisition of the black oil barge transportation business of Mandeville, La., headquartered Florida Marine Transporters, Inc. and its affiliates (FMT). The purchase price was $141 million plus customary adjustments. The acquired business comprises 30 barges (seven of which are being sub- ...

Shipowners with vessels trading to China are going to have a relatively short time frame in which to enter into a pollution clean-up contract with a pollution response contractor approved by China's Maritime Safety Administration (MSA).The contracts must be entered into, before any ship enters a People's Republic of China (PRC) port, by owners/operators of (a) any ship carr ...

Costa Cruises has contracted  the San Giorgio del Porto shipyard in Genoa, Italy, for a major renovation of the 53,000-ton, 1,697 guest cruise ship Costa Romantica. The line, a Carnival Corporation brand, is investing approximately €90 million (about $128 million) in what it is calling a "restyling" of the ship, which entered service in 1993. San G ...

Citing sustained high fuel prices, downward rate pressure and overcapacity in the Transpacific trade, Matson reports that it is discontinuing in late August its expanded China – Long Beach Express containership service (CLX2), which includes service to and from Hong Kong, Yantian, Shanghai and Long Beach. Discontinuing the CLX2 service will have no impact on Matson's original C ...

Hillside, N.J., headquartered Donjon Marine Co. has added the 2,400 hp-class tug Caitlin Ann to its growing fleet to support the company's dredging, marine salvage, bulk material transportation and marine demolition services.The addition of the Caitlin Ann increases the Donjon towboat fleet to 14 total vessels ranging from 1,200 to 7,000 horsepower. In a ...

According to German press reports, the sale of the non-military operations of Hamburg shipbuilder and repairer Blohm + Voss to a British financial investor is getting closer. In July, parent ThyssenKrupp AG said that plans for these operations to be taken over by a joint venture with Abu Dhabi MAR would not proceed. It said then that it was working on transferring t ...

One of the ten largest megayachts in the world was recently delivered by Fincantieri's Muggiano (La Spezia) shipyard in Italy.The 134-meter-long Serene is the first megayacht built by Fincantieri, marking the Italian shipbuilder's entry into the upscale luxury yacht sector. Based on a concept by famous yacht designer Espen Oeino of Monac ...