OSG exits Chapter 11
AUGUST 6, 2014 — Tanker giant Overseas Shipholding Group, Inc. yesterday said that it had emerged from Chapter 11 bankruptcy as a newly reorganized company “with a strong balance sheet, focused strategy
Mermaid Marine takes delivery of AHTS from Jaya yard
AUGUST 6, 2014 — Fremantle, Western Australia, headquartered Mermaid Marine Australia (MMA) has taken delivery of the new state-of-the-art anchor handling tug supply (AHTS) Jaya Majestic. Built at Jaya’s Tuas, Singapore, shipyard,
Cape Wind signs wind farm construction contract
AUGUST 5, 2014 — Cape Wind announced today that it has signed a contract with Weeks/Manson, a Joint Venture (WMJV) to serve as the lead construction contractor for America’s first offshore wind
Panama Canal expansion means bigger insurance risks
AUGUST 5, 2014 — A marine insurer is warning of the increased risks that will arise from doubling the cargo-carrying capacity of ships transiting the Panama Canal. In a new report entitled
NVOCCs get a high-tech boost
AUGUST 5, 2014 — “It used to be all the NVOCC needed was a telephone and a tariff,” says one long time shipping industry observer, “but no more.” Though NVOCCs may be
Ezra subsea division books contracts worth $110 million
AUGUST 5, 2014 — Singapore headquartered Ezra Holdings Limited reports that its Subsea Services division, EMAS AMC, has been awarded several projects around the world worth close to US$110 million, including options.
Egypt to add parallel stretch to part of Suez Canal
AUGUST 5, 2014 — Egyptian President Abdel Fattah el-Sisi today attended a ceremony to launch what is officially called the Suez Canal Axis Development Project. The project will include building a new
MTU to showcase IMO Tier III solutions at SMM
AUGUST 5, 2014 — MTU will be using next month’s SMM event in Hamburg, Germany, to showcase its solutions for meeting the IMO Tier III emission standard that comes into force in
Sinopacific books first Mexican OSV order
AUGUST 5, 2014 — China’s Sinopacific Shipbuilding Group has signed a contract with Mexican shipping company Naviera Petrolera Integral S.A. de C.V. for the construction of three SPP17A platform supply vessels. They
EBDG awarded Staten Island Ferry design contract
AUGUST 4, 2014 — Elliott Bay Design Group (EBDG), a leading naval architecture and marine engineering firm with offices in Seattle, New Orleans and Ketchikan, Alaska, has been selected by the New