Pacific Carriers takes 67% stake in Drydocks World SEA

OCTOBER 2, 2012 — Drydocks World LLC (DDW LLC) and Pacific Carriers Limited (PCL) have signed an agreement that gives Pacific Carriers a 67 percent shareholding in Drydocks World-Southeast Asia Pte. Limited

STX OSV books order for cable layer

OCTOBER 2, 2012 — STX OSV Holdings Limited reports that it has secured a contract for the design and construction of one cable laying vessel for an international client. The vessel will

Costamare subsidiary reaches settlement in Rena case

OCTOBER 1, 2012 –The New Zealand Government and Costamare subsidiary Daina Shipping Company (owner of the containership MV Rena) have reached what Maritime New Zealand calls “a comprehensive financial settlement in respect

NSRP to fund 12 new shipbuilding R&D projects

OCTOBER 1, 2012 —The Executive Control Board of the National Shipbuilding Research Project (NSRP) has selected 12 new R&D projects as part of the program’s core mission to reduce the costs associated

Marcon brokers another tug sale

OCTOBER 1, 2012 — Marcon International, Inc., Coupeville, Wash., has brokered the sale of the 1996-built twin screw tug King Philip to Latin American interests on a private basis. The 96.0 ft

ABB to supply systems for Russian icebreaker

OCTOBER 1, 2012 — ABB reports it has won an order worth $35 million from the Baltic Shipyard Ltd. to supply propulsion and electrical systems for a new icebreaker vessel under construction

Hoegh LNG exercises option for fourth FSRU

OCTOBER 1 — Höegh LNG has exercised an option for a fourth new floating storage and regasification unit (FSRU) to be built at Hyundai Heavy Industries Ltd. in South Korea. The vessel

Gibdock completes complex box ship crane refurbishment

OCTOBER 1, 2012 — Gibraltar ship repairer Gibdock has completed a complex containership deck crane refurbishment job that called for certification of strict welding procedures by Lloyd’s Register (LR), which approved all

UK P&I Club looks at power loss causes

OCTOBER 1, 2012 — With more ships experiencing sudden losses of power, particularly during and after switching to lower sulfur fuel, the UK P&I Club’s latest Risk Focus bulletin examines the causes

Successful trials for wind farm Turbine Access System

OCTOBER 1, 2012 —The offshore wind farm Turbine Access System (TAS) developed by the U.K.’s Houlder Ltd. and BMT Nigel Gee has successfully completed an extensive set of offshore trials. The TAS

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