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New salvage tug after launching

Mitsubishi Shipbuilding launches new salvage tug

With conditions in the international marine salvage industry remaining challenging, orders for purpose-built salvage tugs have been somewhat scarce in recent years. Today, though, Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries

Going forward Penfield Marine will operate under the Maersk Tankers brand

Maersk Tankers acquires Penfield Marine

Maersk Tankers has acquired Southport, Conn., headquartered Penfield Marine. Founded in 2012 by Tim Brennan and Eric Haughn, Penfield describes itself as “a boutique commercial management company operating tankers around the world