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Norway's Farstad Shipping ASA has reached an agreement with Brazil's Petroserv S.A. that will see it buy Petroserv's 50 percent share in BOS Navegação S.A. for $56.5 million.The deal will give Farstad Shipping e 100 percent ownership of BOS (Brazil Offshore Services), which was established in June 1999 as a joint venture between Farstad and Petroserv. Today t ...

Wärtsilä has been awarded the contract to supply the main engines for a series of 25 tankers being built for Volga Shipping Co., Russia's oldest shipping company. Fifteen of the ships are to be constructed at the Okskaya shipyard in Navashino for shipowner Volga Flot Tanker, and the other ten at the Krasnoe Sormovo shipyard in Nizhny Novgorod, five for Bash Volga Tanker ...

EU Navfor says that late on the morning of July 16, the owners of the MV JUBBA XX reported that the laden tanker had been pirated in the northern Indian Ocean, on itsr regular route from the United Arab Emirates to the port of Berbera, SomaliaThe vessel was located by a Maritime Patrol aircraft  on the morning of July 17, t 100 nautical miles n ...

The first two of a new class of vessels designed by Seattle-based Elliott Bay Design Group LLC (EBDG) and built for the Port Aransas Ferry Service by Southwest Shipyard LP went into operation July 1. EBDG was selected by the Texas Department of Transportation (TxDOT), Corpus Christi District, to prepare the design for this new 160-ft double-ended ferry serving ...

Rand Logistics, Inc. (Nasdaq:RLOG)) today announced that it has signed a binding asset purchase agreement, that will see its subsidiary, Lower Lakes Towing Ltd. acquire the Maritime Trader, a Canadian flagged dry bulk carrier, subject only to final approval by the Federal Court of Canada. According to ...

Blount Boats, Inc., Warren, R.I., has reached an agreement with South Boats Special Projects, Ltd., Cowes, U.K., that makes it the exclusive shipyard to manufacture U.S. flagged aluminum catamarans of South Boats designs for the U.S. offshore wind farm industry. ...

Netherlands-based IHC Merwede and BAE Systems have entered a cooperation agreement to meet the demands of the offshore construction vessel market in the U.S.  IHC Merwede will be responsible for the design and build of the vessels and its Houston office, IHC Merwede America Corp., will be responsible for sales and business development activities.BAE Systems will ...

Lévis, Québec, shipbuilder Davie Yards said yesterday that discussions that would have seen it acquired by Fincantieri are over. "The interested parties have concluded that it is not possible to reach an agreement within the time allowed to submit a bid on July 21 for the National Shipbuilding Procurement Strategy said the President and CEO of Davie, Mr. Gustav Johan Nydal. ...

Matthew R. Devlin was charged today in Philadelphia with one count of misconduct of a ship operator causing death, in relation to the "Duck boat" accident on the Delaware River on July 7, 2010, announced United States Attorney Zane David Memeger and Special Agent-in-Charge William P. Hicks, U.S. Coast Guard Investigative Service.  In the accident, the barge The Resourc ...

Ballast water and incidental discharge management was the focus of a joint hearing held yesterday by he House Coast Guard and Maritime Transportation Subcommittee, chaired by Rep. Frank LoBiondo (R-NJ), and the Water Resources and Environment Subcommittee, chaired by Rep. Bob Gibbs (R-OH). The hearing also considered potential ways to implement cost effective and common sense approaches to ...