Angeliki Frangou, Chairman and CEO of Navios Maritime Acquisition Corporation (NYSE: NNA) says “we are pleased to add significant cash flow by acquiring quality vessels at a good price.” Navios Acquisition has
Aker Solutions has won a contract from Daewoo Shipbuilding & Marine Equipment to supply a complete drilling equipment package for a new deepwater drillship. The contract is worth about NOK 540 million.
Rolls-Royce said yesterday that it had received orders worth over £100 million (about $161 million) to supply propulsion systems for offshore construction and drilling vessels. The ships will be built at shipyards
Dimitrios Grifakis, 57, of Kallithea, Greece, was sentenced yesterday by U.S. District Judge Marvin J. Garbis to six months in prison, followed by two years of supervised release, for obstructing a Coast
Tug and barge giant Kirby Corporation (NYSE:KEX) today confirmed and narrowed its 2011 second quarter earnings guidance to the $.72 to $.77 per share range compared with 2010 second quarter earnings of
Wärtsilä Corporation and Metso Corporation have signed an agreement to cooperate in developing and delivering exhaust gas scrubber systems for marine applications. Metso is to supply the scrubber units, while Wärtsilä is
Ingalls Shipbuilding, a division of Huntington Ingalls Industries, Inc. (NYSE:HII), has been awarded a construction contract for the Arleigh Burke-class (DDG 51) destroyer DDG 113. The award amount is considered source selection-sensitive
Interspeed(R)5640, International Paint’s, copper-free antifouling, has received U.S. Navy approval to MIL-PRF-24647 Type I Classes 1 & 2, Grades A & B, Applications 1 & 4. This approval follows many years of
Drammen, Norway, headquartered OceanSaver says that its next generation ballast water treatment (BWT) system will reduce energy use by over 50 percent compared to its previous technology. OceanSaver’s on-going research and development
In partnership with Fleetway, Inc., Denmark’s Knud E. Hansen A/S recently signed a contract with the Government of Newfoundland and Labrador in Canada for the basic design of a series of six