Teekay Corporation (NYSE:TK) is to sell 13 of its 17 directly-owned conventional tanker to its publicly-traded subsidiary, Teekay Tankers Ltd. (NYSE:TNK) for $455 million. The sale includes the ship’s related time-charter contracts,
The P&O Maritime research vessel Prince Madog has been on a 37 day charter assignment with Osiris Projects, carrying out a survey at the proposed North St. George’s Channel Marine Conservation Zone
Canada’s Seaspan Marine Corporation has entered into a technology support agreement with Korean shipbuilding giant STX Offshore and Shipbuilding Company Ltd. Seaspan says the partnership will optimize Vancouver Shipyard’s planned facilities upgrades
The maritime industry has lost a towering figure. Mærsk Mc-Kinney Møller has died at the age of 98. Mærsk Mc-Kinney Møller became joint owner of the company “Firmaet A.P. Møller” in 1940.
Raytheon Anschütz has recently completed the supply of its latest generation of Integrated Bridge System (IBS) to the SA Agulhas II, a new polar research ship owned by the South Africa’s Department
Mr. Ang Kok Tian, Chairman and Managing Director of Singapore based ASL Marine Holdings, Ltd., reports that the group is maintaining its order winning momentum.Today, ASL, whose shipbuilding and repair operations include
Here we go again. Another of those Antarctic “adventure” cruises has gotten a tad more adventurous than passengers may have expected. This time round, the vessel in question is the MV Plancius,
Collaboration between the Navy, U.S. Coast Guard and industry has identified numerous potential savings in the shipbuilding process. A pilot project to prioritize efficiency efforts could be implemented this year and, already,
STX OSV reports that it has secured new contracts for the design and construction of two Offshore Subsea Construction Vessels for Siem Offshore in Norway. The vessels will be of STX OSV’s
In the latest edition of his ever-useful Bryant’s Maritime Consulting Newsletter, Dennis Bryant provides an illustration of why Jones Act operation can be an expensive business, not least in the State of
