Thoresen Thai ship hijacked
Somali pirate activity continues at a high level. EU NAVFOR reports that in the early hours of December 25, the MV THOR NEXUS was pirated approximately 450 nautical miles northeast of the
Author: Administrator
Bergen Group wins construction vessel contract
Norway’s Volstad Maritime has ordered a Skipsteknisk ST-259 CD design offshore construction vessel at Bergen Group Fosen. The order is worth around NOK 725 million and includes an option for a second
Keppel AmFELS delivers third Rowan jack-up
Keppel AmFELS Inc.,, Brownsville, Texas, , has delivered the third of four EXL jack-up rigs to a subsidiary of Rowan Companies, Inc. ahead of schedule and within budget. The jack-up was christened
Vigor Industrial swoops on Todd Shipyards
Todd Shipyards Corporation (NYSE:TOD) and Vigor Industrial LLC have entered into a definitive agreement under which Vigor will acquire the stock of Todd for $22.27 per share, or approximately $130 million. The
Diana Shipping to spin off container shipping subsidiary
Diana Shipping currently owns approximately 55 percent of Diana Containerships issued and outstanding common stock. Diana Shipping will distribute 2,667,066 shares of common stock of Diana Containerships, or 80 percent of Diana
IRISL P&I insurer sanctioned
U.S. Treasury sanctions are making it harder for Islamic Republic of Iran Shipping Lines (IRISL) to get P&I cover. Yesterday, the Treasury designated Moallem Insurance Company under Executive Order 13382, an authority
Keppel FELS books another jack-up rig order
The jack-up ordering spree continues. Singapore’s Keppel FELS Limited has secured its fourth order for a KFELS B Class jack-up within the span of a month. Worth about US$180 million, the order
STX Finland to build LNG-fueled mega ferry
STX Finland Oy and Viking Line ABP have now firmed up an agreement announced in October covering construction of an environmentally friendly, new generation 2,800 passenger cruise ferry for Viking Line. The
Congress approves two-yard LCS acquisition
A year-end Congressional cliff-hanger ended with the Navy getting the authority it needs to go ahead with the acquisition of 20 littoral combat ships, 10 from each of the two competing teams.
Algoma Central orders lake freighters from Chinese shipbuilder
Canada’s Algoma Central Corporation has ordered four new dry bulk lake freighters from Nantong Mingde Heavy Industries, a shipyard located in the Yangtze Delta area of China. The contract includes options for