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Bergen, Norway, based Sartor Offshore has placed a NOK 300 million order for a Havyard 832 L platform supply vessel for delivery from the Havyard Leirvik shipyard in Sogn, Norway, in January 2012. The contract includes an option for a second PSV of the same design for delivery in June 2012."The contract is based on optimism within the industry," says Sartor CEO Roy Warebe ...

The American Salvage Association (ASA) has established an Education Committee committed to promoting general maritime industry interest with a focus on marine salvage and to help develop maritime industry expertise through interactive experience with ASA salvage professionals. The committee’s goal is to support career development in all maritime disciplines inclusive of, but not li ...

Norway's SiemOffshore Inc. says it is getting into the business for submarine cable installation, repair and maintenance projects. It has reached an agreement with the shareholders of Leer, Germany, based Five Ocean Services GmbH (FOS) that will see it acquire all shares in FOS.Siem Offshore will invest approximately $8 million as consideration for shares ...

Donjon Marine Co., Inc., along with partner SEACOR Holdings Inc. have announced the completion of the tugboat, Ken Boothe, Sr.  The 10,700 horsepower tug will work as the barge unit of an Articulated Tug/Barge to be named the Seajon ATB. "We are very pleased to see the completion of this state-of-the-art towing vessel, and to share in the success with our ...

SBM Offshore has executed a Letter of Intent (LOI) with OSX 2 Leasing BV, an indirect subsidiary of OSX Brasil S.A. and part of Eike Batista's EBX Group.SBM says the LOI will permit it to start project activities, including early engineering and procurement up to $25 million relating to the future conversion, supply and installation of a floating production, storage an ...

Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today announced its fourth quarter and twelve months 2010 results and the addition of $75.2 million in new business during the first quarter. For the quarter ended December 31, 2010, Conrad had net income of $3.3 million and earnings per diluted share of $0.51 compared ...

Shares in Jones Act containership operator Horizon Lines (NYSE:HRZ) plummeted today after it filed its 10K with the SEC. You can download the 10 K here. But here's one example of what had investors running for the e ...

A U.S. District Court in San Juan issued a temporary restraining order on Friday in favor of Crowley Puerto Rico Services, Inc. The order prevents the Puerto Rico Ports Authority from beginning security inspections of Crowley's customers' cargo coming into the island from the U.S. mainland, while not inspecting the cargo of Crowley's competitors.The Ports Authority eventually plan ...

French naval architect Stirling Design has unveiled a new design for a sight seeing vessel featuring a continuous open promenade deck and an upper panoramic lounge protected from the weather.The upper lounge is clearly separated from the vessel's catamaran hulls giving the feeling of journey in suspension above the water, inspired by cable cars. ...

Hyundai Heavy Industries, the world’s largest shipbuilder, unveiled what it says is the world’s first remote monitoring and controlling smart ship system on March 25.The IT-based smart system has been developed in association with South Korea's state-run Electronics and Telecommunications Research Institute and the Ministry of Knowledge Economy. ...