MES to build two neo Supramax 66BC bulk carriers
Japan’s Mitsui Engineering & Shipbuilding Co., Ltd. (MES) is to build two next generation “neo Supramax 66BC” bulk carriers for a customer it identifies as a “first class shipowner.” Developed as a
OMERS Private Equity to buy V.Group
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, today announces that it has signed a definitive agreement to acquire V.Group Ltd. from Exponent Private Equity for
Frangou sees signs of dry bulk fleet size rationalization
“We see signs that the market is beginning to rationalize the number of vessels in the market,” says Angeliki Frangou, Chairman and CEO of dry bulk specialist Navios Maritime Partners L.P. (NYSE:
Campbell Shipping orders fuel-efficient bulkers at Tsuji
Bahamian shipowner Campbell Shipping Ltd. has signed an order with Tsuji Heavy Industries (Jiangsu) Co., Ltd. located at Zhang Jia Gang, China for two 37,500 dwt double-hull log fitted bulk carriers, with
ABS issues regulatory update on CARB low sulfur fuel rules
ABS has issued the following regulatory update: CARB – Low Sulfur Fuel Regulations The California Air Resources Board (CARB) has posted a 15-Day Notice of Public Availability of Modified Text for the
Crowley names Cole Cosgrove VP of marine operations, liner services
Crowley Maritime Corp. reports that Cole Cosgrove has assumed the role of vice president of marine operations for its liner services groups. Mr. Cosgrove, who most recently held the role of vice
Portland to have fastest fire and rescue response boat on Columbia River
The City of Portland, Oregon, has chosen Jensen Maritime Consultants, Inc., a Crowley company, to design the fastest response fire and rescue boat on Oregon’s Columbia River. Until now, Portland Fire &
Vice Admiral Peter Daly takes helm at U.S. Naval Institute
Vice Admiral Peter H. Daly, U.S. Navy (Ret.) has been appointed Chief Executive Officer of the U.S. Naval Institute (USNI) Admiral Daly served from August 2008 until June 2011 as Deputy Commander
Dry bulk sector merger will see DryShips acquire OceanFreight
George Economou led DryShips Inc. (NASDAQ: DRYS) has entered into a definitive agreement to acquire the outstanding shares of OceanFreight Inc. (NASDAQ: OCNFD) for consideration per share of $19.85, consisting of $11.25
Zheijang Shipyard delivers first of 10 IMR vessels to Bourbon
The Ungundja, the first of 10 DP-3, 100-meter GPA 696 IMR (Inspection, Maintenance & Repair) vessels, was recently delivered by China’s Zheijang Shipyard, part of the Sinopacific Shipbuilding Group, to Paris-based Bourbon