Houston-based offshore drilling contractor Atwood Oceanics, Inc. (NYSE: ATW) reports that, on January 29, 2011, due to the civil unrest in Egypt, its customer, RWE Dea Nile GmbH gave notice to Atwood
Athens-headquartered Costamare Inc. (NYSE:CMRE) has contracted with China’s Sungdong Shipbuilding & Marine Engineering Co., Ltd. for the construction and purchase of two newbuild containerships, each of about 9,000 TEU capacity. The two
Significant tonnage oversupply in the three major shipping sectors seems to have been avoided by the delay or cancellation of some newbuilding deliveries last year, accordingto London-based shipbroker Braemar Seascope. Braemar Seascope
The payment of ransom to pirates is not illegal under U.K. law. Bryant’s Marine Consulting reports that the U.K. Court of Appeal has ruled that the owner of cargo on a vessel
Netherlands shipping company Feederlines B.V. is implementing GL Maritime Software’s fleet management software GL ShipManager and GL FleetAnalyzer on 48 of its ships in 2011. Feederlines BV was founded as part of
Building on its success with a proven tug design,Washburn & Doughty Associcates, Inc., East Boothbay, Maine, has begun construction of a 93 ft, 6,000 hp Z-drive tug for the Moran Towing Corporation,
Marking a significant in the effort to save and redevelop the legendary ocean liner SS United States, the SS United States Conservancy will announce that it has acquired title to the ship.
GAC Protective Services says a maritime security alert has been issued for Egypt amid ongoing unrest in urban areas around the country. Transits through the Suez Canal are proceeding as normal with
Houston based Atwood Oceanics, Inc.(NYSE: ATW) reports that its Atwood Oceanics Pacific Limited subsidiary has executed a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co., Ltd. to construct an ultra-deepwater
The German Federal Police is warning that strong rooms or “citadels” may not provide absolute protection for crews against Somali pirates, reports North German broadcaster NDR. The warning comes as more facts
