DSME gets $6 billion bail out

MARCH 23, 2017 — Korea’s battered Daewoo Shipbuilding & Marine Engineering (DSME) is to receive a new bailout package worth 6.7 trillion Korean won, or nearly 6 billion U.S. dollars. Arirang News

DHT Holdings to acquire BW Group VLCC fleet

MARCH 23, 2017 — DHT Holdings, Inc. (NYSE:DHT) is to acquire BW Group’s VLCC in a deal that will see BW Group own approximately 33.5% of DHT’s outstanding share capital and get

VIDEO: First Citywide Ferry boat heads for NYC

MARCH 22, 2017 — The first of 20 new boats built for the soon-to-be-launched Citywide Ferry Service has departed Horizon Shipbuilding in Bayou La Batre, AL, and is on its way to

Central Gulf sale attracts $274.8 million in high bids

MARCH 22, 2017 — U.S. Secretary of the Interior Ryan Zinke today announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico attracted $274,797,434 in high bids

Liberian Registry passes 150 million gt mark

MARCH 22, 2017 — The Liberian Registry has passed the milestone of 150 million gross tons, confirming its position as the second largest ship registry in the world, behind only Panama, in

Ardent rights and refloats vessel grounded in Gota River

MARCH 22, 2016 — Ardent salvage crews have successfully used a parbuckling method to right and refloat the cargo vessel, M/V Sternö. The 1,350 dwt vessel, owned by Sweden’s Fiducia Rederi AB,

ABS to CMA delegates: Cyber risk won’t go away

MARCH 22, 2017 — “Cyber risk is a subject that is not going away,” ABS Chief Operating Officer Tony Nassif told delegates at this week’s Connecticut Maritime Association Shipping 2017 event in

Damen to build fisheries research vessel for Germany

MARCH 22, 2017 — Damen Shipyards Group has been won a contract to construct a fisheries research vessel for the German Federal Office for Agriculture and Food (Bundesanstalt für Landwirtschaft und Ernährung,

Construction underway on CityWide Ferry Brooklyn homeport

MARCH 22, 2017 — New York City Mayor Bill de Blasio recently visited the Brooklyn Navy Yard’s Pier C dock, where HunterRoberts Construction Group is at work on what the Mayor said

Schottel to supply Rudderpropellers for Rotortug sextet

MARCH 22, 2017 — Schottel is to deliver 18 SRP 430 FP Rudderpropellers, rated at 1,765 kW each, for the six Robert Allan-designed ART 85-32W Advanced Rotortugs that Damen Song Cam Shipyard

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