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KKR forms $580 million Maritime Finance Company

AUGUST 20, 2013 — Global private equityy investment firm KKR (Kohlberg, Kravis and Roberts) today announced the formation of Maritime Finance Company, a new specialty finance company created to lend to the

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BAE Hawaii gets another $12.8 million for DDG 90 repairs

AUGUST 20, 2013 — BAE Systems Hawaii, Honolulu, Hawaii, is being awarded a $12,820,427 modification to previously awarded contract (N0024-06-C-4408) for repairs to the USS Chafee (DDG 90). This repair modification consists

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Bahri joins MOU studying Saudi super yard

AUGUST 20, 2013 — Singapore’s Sembcorp Marine has signed a Memorandum of Understanding (MOU) with Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri), one of the largest shipping companies

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Port of Long Beach cuts air pollution

AUGUST 20, 2013 — The Port of Long Beach has cut emissions of diesel particulates by 81 percent since 2005, according to an analysis released today. The results for 2012 mark six

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Floatel orders another semi from Keppel FELS shipyard

AUGUST 20, 2013— Floatel International (OSE:FLOAT) has signed a contract with Singapore’s Keppel FELS Limited to build its fifth semi-submersible accommodation vessel, due for delivery in December 2015. The value of the

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Last Avondale-built LPD completes builder’s trials

AUGUST 20, 2013 — The amphibious transport dock Somerset (LPD 25), the ninth San Antonio-class ship built at Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division, returned Friday from successful builder’s sea trials

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Siemens charters Esvagt’s Havyard newbuilds

AUGUST 19, 2013 — Siemens Energy has signed a chartering agreement with Danish shipowner Esvagt A/S for the two new 83.7 m offshore wind farm service vessels that the company ordered from

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Louisiana looks to help McDermott Morgan City workers

AUGUST 19, 2013 — Louisiana officials are working to find alternative employment for workers who will lose their jobs when McDermott International, Inc. closes its Morgan City shipyard. McDermott announced the decision