Adding extra underwriting expertise to its New York team and looking to enhance its growing presence in Asia, the American P&I Club's manager has recruited a well-known Asian region specialist. Chris Hall joins Shipowners Claims…
Oslo shipbroker Fearnley's now has its own ship market smartphone application for the iPhone, iPad or Android.The current App is based on Fearnley's Weekly Report and covers selected trade routes for the segments: Tankers, Dirty…
GulfMark Offshore, Inc. (NYSE: GLF) reports the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consist of two 1,000…
N.E.I. Treatment Systems announced today the receipt of its first order from Bohai Shipbuilding Heavy Industry for two Venturi Oxygen Stripping (VOS) ballast water treatment systems (BWTS) to be installed aboard two 320,000 dwt VLCCs…
Christian Lefèvre, CEO of Paris headquartered offshore services giant Bourbon SA (GBB) says the industry has "arrived at the end of a downturn that has lasted since late 2008, and the market for modern offshore…
Huntington Ingalls Industries, Inc. (NYSE:HII) reports that its Ingalls Shipbuilding division has celebrated the "start of fabrication" of the U.S. Coast Guard's fourth National Security Cutter, Hamilton (WMSL 753). The shipbuilding milestone signifies that 100…
Aluminum boat manufacturer SeaArk Marine, Inc. of Monticello, Arkansas, says that it will temporarily suspend acceptance of new boat orders until further notice.Citing "very sporadic and extremely low (new construction) sales figures for nearly 24…
Germany's NSB Niederelbe Schiffahrtsgesellschaft mbH & Co. KG has chosen Herndon, Va., headquartered GreySide Group, Inc. as its exclusive provider of armed maritime security. Initially, NSB will employ security on those vessels of its managed…
In early August, the fully loaded hopper barge 2001 sank in approximately 25 feet of water while transiting the Kill Van Kull, the waterway that connects Newark Bay to New York Harbor. The barge was…
In its Marine Transportation: Tankers e-newsletter for August 30, Dahlman Rose & Co. reports that weak day rates in the tanker market for older tonnage could lead to increased scrapping.Dahlman Rose says that spot rates…
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