Maersk gets out of VLGC market
MAY 29, 2013 — In a joint press release, Maersk Tankers and the BW Group announced today that Maersk Tankers is exiting the VLGC (Very Large Gas Carrier) segment by selling its
Diamond Offshore orders semi at HHI
MAY 29, 2013 — Houston based Diamond Offshore Drilling, Inc. (NYSE: DO) today announced an agreement with South Korean shipbuilding giant Hyundai Heavy Industries Co., Ltd. to build a new Moss CS60E
BAE San Diego gets $49.7 million contract mod
MAY 29, 2013 — BAE Systems San Diego Ship Repair Inc., San Diego, Calif., has been awarded, a $49,796,139 modification to previously awarded cost-plus-award-fee contract (N00024-11-C-4408) to definitize the USS Russell (DDG
Greek shipping faces new tax burdens
MAY 29, 2013 — International accountant and shipping adviser Moore Stephens says changes recently approved by the Greek parliament to the country’s tax laws will impact companies engaged in the shipping industry.
MAN B&W powers Transpetro PROMEF newbuilds
MAY 29, 2013 — Brazil’s Estaleiro Atlantico Sul (EAS) has delivered the Suezmax tanker Zumbi dos Palmares to Petrobras subsidiary Transpetro. The vessel is the second ship built by EAS as part
New society will promote LNG as marine fuel
MAY 29, 2013 — A newly created Society for Gas as a Marine Fuel (SGMF) has been established to encourage the safe and responsible operations of vessels using LNG as fuel and
Jurong to build ultra high spec North Sea jack-up for Noble
MAY 28, 2013 — Singapore’s Sembcorp Marine reports that its Jurong Shipyard subsidiary has secured a US$596 million contract from Noble Corporation for a newbuild ultra-high specification jack-up rig for use in
Wärtsilä and Yuchai Marine break ground for JV plant
MAY 28, 2013 — Wärtsilä Yuchai Engine Co., Ltd, a joint venture owned 50/50 by Wärtsilä and Yuchai Marine Power Co. Ltd., today began construction of its new production facilities with a
Dole to add three new reefer box ships to owned fleet
MAY 28, 2013 — In another demonstration that depressed world shipbuilding prices can bring out the bargain hunters, Dole Food Company, Inc. (NYSE: DOLE) today announced that its Board of Directors has
TY Offshore gets private equity injection
MAY 28, 2013 — TY Offshore is to start a $9 million capital improvement plan after revamping its ownership structure and getting an equity investment from a private equity firm. Barge launch