Netherlands-based Vroon Group reports that it has reached a preliminary agreement on debt restructuring that will see its lenders become its majority shareholders. “For several years Vroon has been in discussions with
Putting the long in “long term,” Singapore-based NYK Shipmanagement has signed a 13-year optimized maintenance agreement with Wärtsilä. The contract is designed to ensure maximum uptime and equipment reliability, with assured maintenance
Durban, South Africa-based Sandock Austral Shipyards (SAS) is to offer clients a range of state-of-the-art high-performance tugs, following the signing of an agreement with Vancouver, B.C., naval architect firm Robert Allan Ltd.
States in the Gulf of Guinea region must take responsibility and step-up prosecution efforts when pirates are apprehended by international navies, said BIMCO today. The statement came following the release of three
The CMHI Haimen shipyard in China has floated out Jan De Nul’s giant crane ship Les Alizés. Aimed at the offshore renewables and decommissioning market, it will be the largest heavy lift
Singapore’s Sembcorp Marine has completed the Vito Regional Production Facility (RPF) for Shell Offshore Inc. To be deployed in the U.S. Gulf of Mexico some 150 miles southeast of New Orleans in
Bollinger Shipyards LLC has delivered the USCGC Clarence Sutphin to the U.S. Coast Guard in Key West, Fla. The 47th Fast Response Cutter (FRC), it is the final ship in a series
Beloit, Wis.-based Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Cincinnati, Ohio-based Federal Equipment Company (FEC). The transaction includes both FEC Military and FEC’s commercial business. FEC
Sun Feng has become the new chairman and president of China Classification Society (CCS), succeeding Mo Jianhui who has retired, while while Cai Yanxian becomes one of four vice presidents, replacing Zhu
Offshore drilling contractor Valaris Limited (NYSE: VAL) has kicked off the New Year by announcing a flurry of contracts. Today it reported that it has been awarded the following new contracts: One-well