Maersk Line will invest $1.9 billion more in expanding its Asia-Europe containership fleet, after it exercised an option with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 more Triple-E
Genesis Energy, L.P., Houston, Tex., has a goal of becoming the premier supplier of crude oil, refined products and CO2 transportation in the U.S. Gulf of Mexico. It will bolster its crude
Brazil’s OSX Holding could receive a credit line of as much as Real 2.7 billion ($1.69 billion) to build one of the largest shipyards in the Americas, following the approval by the
MAN Diesel & Turbo SE, Copenhagen, Denmark, recently added CSSC Guangzhou Marine Engine Ltd. (GMD) as a two-stroke licensee. Part of the state-owned CSSC Group, GMD expects to produce 3 million hp
Paris-based offshore support vessel operator Bourbon has inked a five-year charter deal with oil and gas geophysical survey company CGGVeritas, Paris, France, for six new seismic support and assistance vessels that will
The U.S. Coast Guard and the U.S. Environmental Protection Agency (EPA) signed a Memorandum of Understanding (MOU) on June 27 to jointly enforce U.S. and IMO air pollution requirements for the North
In a move to enhance customer service, leading marine propulsion company Schottel Group, Spay/Rhein, Germany, recently announced the formation of Schottel Russia, a subsidiary in St. Petersburg, Russia. Sergey Chestny will be
In a move to expand capacity in its Asia-Europe service, Japan’s Mitsui O.S.K. Lines, Ltd. today announced a decision toorder two new 8,600-TEU containerships from Mitsubishi Heavy Industries, Ltd., for delivery in
DryShips Inc. (NASDAQ:DRYS), reports that its majority-owned subsidiary. has exercised its third newbuilding option to construct a seventh generation ultra deepwater drillship at Korean shipbuilder Samsung Heavy Industries. The drillship is a
The maritime industry has often been accused of being slow to catch up when it comes to modern technology. But over the course of the last few years, companies within the industry
