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ABS turned in record performance in 2012

APRIL 23, 2012 — Classification society ABS hosted its Annual Meeting in New York today. Chairman, Robert D. Somerville reported that, “despite the uncertainties of the global economy and of the shipping

Japanese shipbuilding merger in works?

APRIL 23, 2013 — Japanese media report that Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co. are close to starting talks on integrating their business operations. A merger would create

Vard gets LOI for LNG-fueled PSV

APRIL 23, 2013 — Vard reports that it has entered into a Letter of Intent with Stavanger, Norway, based Simon Møkster Shipping for the design and construction of a platform supply vessel

Band-Aids for ships?

APRIL 23, 2013 — Moms keep Band-Aids in the house and the Norwegian Coastal Administration (NCA) keeps salvage patches aboard Emergency Towing Vessels (ETVs). The NCA has recently renewed its service agreement

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Navios to acquire 10 ships from HSH Nordbank debtors

APRIL 22, 2013 — Angeliki Frangou led Navios Maritime Holdings Inc. (NYSE: NM) and Navios Maritime Acquisition Corporation (NYSE: NNA) have executed a binding letter of intent to acquire ten vessels, composed