• News

KKR and Borealis acquire nine containerships

AUGUST 28, 2014 — Investment firm KKR (NYSE:KKR) and Borealis Maritime today announced the acquisition of a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels

Coast Guard responds to capsized tug

AUGUST 28, 2014 — The Coast Guard yesterday responded to the capsizing of a tug on the Calumet River near the 106th St. Bridge in Chicago in which two crew members were

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Wärtsilä signs maintenance agreement with Harvey Gulf

AUGUST 28, 2014 — Wärtsilä has signed a five-year technical management agreement with Harvey Gulf International Marine LLC. It covers Condition Based Maintenance and Dynamic Maintenance Planning for eight new offshore supply

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Textron awarded $21.9 million LCAC contract mod

AUGUST 27, 2014 — Textron Inc., New Orleans, LA, is being awarded a $21,904,620 modification to a previously awarded Navy contract (N00024-12-C-2401) for the construction of Landing Craft, Air Cushion (LCAC) 101

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USCG vessel fires on Iranian dhow

AUGUST 27, 2014 — The USCG Mononomoy, which is attached to the U.S. Fifth Fleet in the Arabian Gulf yesterday fired on an Iranian dhow in what U.S. military officials described as

DNV GL launches sea spray icing project

AUGUST 27, 2014 — Sea spray icing is one of the major challenges facing vessels, rigs and offshore platforms operating in Arctic conditions. “Sea spray icing poses a threat on multiple levels,