Horizon Shipbuilding delivers towboat to FMT
Horizon Shipbuilding, Inc., Bayou La Batre, Ala, has delivered the third in a series of 120 ft towboats to Florida Marine Transporters of Mandeville, La. The M/V Brees joins sister ships, M/V’s
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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
Deterding named GM of Donjon Shipbuilding and Repair
Donjon Marine, Co., Inc. reports that Paul Deterding has been named General Manager of Donjon Shipbuilding and Repair, LLC, located in Erie, Pa. Mr. Deterding will oversee the daily operations of the
Ingalls Shipbuilding awarded first contract since spin-off
Ingalls Shipbuilding division of Huntington Ingalls Industries, Inc. (NYSE:HII) has been awarded its first U.S. Navy contract since Northrop Grumman spun off its shipbuilding business as Huntington Ingalls. The award is for
Austal USA holds groundbreaking ceremony
Austal USA has held a groundbreaking ceremony at its shipyard in Mobile, Alabama, to celebrate the start of work on three new facilities including Phase 2 of the Modular Manufacturing Facility (MMF);
Graig wins order to supervise newbuilding project for Chinese owner
Shanghai-based Graig China, part of the U.K.’s Graig group, has won a ten ship order to supervise newbuildings for Chinese leasing company Minsheng Financial Leasing Co Ltd. The supervision contract brings to
Rand Logistics acquires two Jones Act ATB self-unloaders
Rand Logistics, Inc. (Nasdaq:RLOG) reports that it has acquired two Jones Act compliant, self-unloading integrated tug/barge units from KK Integrated Shipping (KKIS). The acquisition was structured with $35.5 million cash paid at
Washburn & Doughty building new Moran tug
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,
Stena Bulk bulks up in MR products tanker sector
Stena Bulk is bulking up in the MR segment (Medium Range product tankers of 50,000 dwt). It is acquiring 50 percent of the Danish shipping company Weco. The move doubles the Stena
ACP starts commissioning new tugboat series
Calovebora, the first in a series of thirteen Z-Tech tugboats built for ACP (the Panama Canal Authority) by Cheoy Lee Shipyards of Hong Kong is now in Panama. The 26-engine order for