Farstad strengthens its position in Brazil
Norway’s Farstad Shipping ASA has reached an agreement with Brazil’s Petroserv S.A. that will see it buy Petroserv’s 50 percent share in BOS Navegação S.A. for $56.5 million. The deal will give
Wärtsilä to supply main engines for 25 Russian tankers
Wärtsilä has been awarded the contract to supply the main engines for a series of 25 tankers being built for Volga Shipping Co., Russia’s oldest shipping company. Fifteen of the ships are
Somali pirates hijack products tanker
EU Navfor says that late on the morning of July 16, the owners of the MV JUBBA XX reported that the laden tanker had been pirated in the northern Indian Ocean, on
New Port Aransas ferry starts service
The first two of a new class of vessels designed by Seattle-based Elliott Bay Design Group LLC (EBDG) and built for the Port Aransas Ferry Service by Southwest Shipyard LP went into
Rand Logistics to add Canadian flag bulker
Rand Logistics, Inc. (Nasdaq:RLOG)) today announced that it has signed a binding asset purchase agreement, that will see its subsidiary, Lower Lakes Towing Ltd. acquire the Maritime Trader, a Canadian flagged dry
Blount to build South Boats wind farm cats for U.S. market
Blount Boats, Inc., Warren, R.I., has reached an agreement with South Boats Special Projects, Ltd., Cowes, U.K., that makes it the exclusive shipyard to manufacture U.S. flagged aluminum catamarans of South Boats
IHC Merwede to build Jones Act OCV’s at BAE Mobile and Jacksonville yards
Netherlands-based IHC Merwede and BAE Systems have entered a cooperation agreement to meet the demands of the offshore construction vessel market in the U.S. IHC Merwede will be responsible for the design
Fincantieri no longer set to acquire Davie, but alternate buyer is hovering
Lévis, Québec, shipbuilder Davie Yards said yesterday that discussions that would have seen it acquired by Fincantieri are over. “The interested parties have concluded that it is not possible to reach an
Guilty plea in Duck boat case
Matthew R. Devlin was charged today in Philadelphia with one count of misconduct of a ship operator causing death, in relation to the “Duck boat” accident on the Delaware River on July
House hearing focuses on ballast water management
Ballast water and incidental discharge management was the focus of a joint hearing held yesterday by he House Coast Guard and Maritime Transportation Subcommittee, chaired by Rep. Frank LoBiondo (R-NJ), and the