French offshore services giant Bourbon Corporation said today that it has filed to enter court supervised reorganization proceedings (redressement judiciaire) to the Commercial Court of Marseilles. This came after the court rejected
The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management have reached announced a definitive agreement to acquire and merge Portland, Ore., headquartered Vigor Industrial LLC and Norfolk, Va., based
Underwater repair specialist Hydrex reports that last month one of its diver/technician teams carried out underwater stern tube seal repairs on a 192 meter RO/RO vessel in Rotterdam. The vessel was suffering
Nikkei Asian Review reports that a consortium of U.S. private equity firm Cerberus Capital Management and Australian shipbuilder Austal is in exclusive talks to acquire the strategically located Cebu, Philippines, shipyard formerly
The West of England P&I Club reports that Tom Davies has joined its fixed premium P&I underwriting team. Davies joins the club from Lodestar where he serviced European, Middle East and South
Island Tug and Barge Ltd.’s second new ATB push tug Island Regent entered service at the end of June pushing the double hulled refined petroleum products barge, ITB Reliant. The vessel was
America’s largest tank barge operator, Kirby Corporation (NYSE: KEX) expects to spend approximately $20 million this year on ballast water treatments for it coastal fleet. That’s good news for ballast water management
Illinois-based environmental organization Living Lands & Waters has nearly doubled the amount of garbage removed from U.S. inland rivers compared to this time last year. So far in 2019, the group, established
Spanish ferry operator Baleària reports that the Marie Curie, its fourth LNG fueled smart ship will enter service on its Valencia-Ibiza-Palma route from Friday, July 26. The ship is a twin of
Boston-based Sea Machines Robotics has entered into a cooperative agreement with MARAD to demonstrate the ability of Sea Machines’ autonomous technology in increasing the safety, response time and productivity of marine oil-spill