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Somali pirates hijack Algerian vessel

Somali pirate activity continues at a high level. The New Year opened with the hijacking on the afternoon of January 1 2011 of the MV Blida. approximately 150 nautical miles South East

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Diamond Offshore orders drillship at Hyundai Heavy

January has opened well for the world’s largest shipbuilder. After delivering its first ship of the year, Korea’s Hyundai Heavy Industries (HHI) announced it had booked a $520 million order from a

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Great Lakes Dredge scoops up Matteson for $45 million

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the U.S has acquired the assets of L.W. Matteson, Inc., a maintenance dredging, environmental dredging and levee construction

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DryShips unit takes delivery of drillship

George Economou, Chairman and CEO of DryShips Inc. (NASDAQ: DRYS) was enthusiastic about the prospects for the deepwater market today as the company reported that its 78  percent owned subsidiary Ocean Rig

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Guam floating dry dock self-submerges

Floating dry docks are supposed to submerge. But only when intended to. Guam Shipyard’s floating dry dock was being dewatered Monday after an unscheduled submersion after what shipyard President and CEO Mathews

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Freddie snaps up SeaDragon semis

John Fredriksen’s Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently

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HHI starts year by delivering VLOO to Nobu Su

The world’s largest shipbuilder, Korea’s Hyundai Heavy Industries, has kicked off the New Year by today delivering a 319,000 dwt VLOO (Very Large Ore Oil carrier) to Taiwan’s, TMT, whose owner and

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MAN Diesel & Turbo power for Chinese rescue ships

Two large rescue vessels being built for the Chinese Ministry of Transport will have complete twin-screw complete propulsion packages from MAN Diesel & Turbo based on its latest MAN L48/60CR engines, Renk

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Nissan introduces eco-friendly “bubble bow” PCC

Japan’s Kyokuyo Shipyard Corporation has delivered the 2,000 car capacity M.V. City of St. Petersburg to Nissan Motor Co. Ltd. The PCC (pure car carrier) has a semi-spherical shaped “bubble bow” said