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Diamond giant orders offshore mining vessel

OCTOBER 24, 2014 — Diamond company De Beers plans to go looking for diamonds and other minerals in an area off the coast of Namibia and has enlisted Norway’s Marin Teknikk and

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Genesis Energy buys Jones Act tanker

OCTOBER 24, 2014 — Houston headquartered Genesis Energy, L.P. (NYSE: GEL) reports that it has agreed to acquire for approximately $157 million the M/T American Phoenix from Mid Ocean Tanker Company (MOTC)

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Fredriksen swoops on Flex LNG

OCTOBER 24, 2014 — Billionaire John Fredriksen is poised to add Flex LNG to his empire. Geveran Trading Co Ltd, which is indirectly controlled by trusts established by John Fredriksen for the

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DNV GL approves design of new steerable thruster

OCTOBER 24, 2014 — Classification society DNV-GL has approved the design of the Wärtsilä WST-14 thruster, indicating that the design fully complies with classification rules. This is an exceptional case since the

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John Deere expands Marine Tier 3 engine lineup

OCTOBER 23, 2013 — John Deere Power Systems (JDPS) has introduced new propulsion ratings to its EPA Marine Tier 3 engine offerings. The new PowerTech 4045TFM85 propulsion ratings expand the John Deere

Eastern Shipbuilding adds three more

OCTOBER 23, 2014 — Eastern Shipbuilding Group, Inc., Panama City, FL, has added three more vessels to its orderbook. In August, Suderman & Young Towing Company and Bay Houston Towing Company each