Vard books second OCSV order from Farstad

AUGUST 21, 2013 —  Vard Holdings Limited has secured a new contract worth about NOK 800 million for the design and construction of an offshore subsea construction vessel (OSCV) for Norway’s Farstad

KKR forms $580 million Maritime Finance Company

AUGUST 20, 2013 — Global private equityy investment firm KKR (Kohlberg, Kravis and Roberts) today announced the formation of Maritime Finance Company, a new specialty finance company created to lend to the

Siemens charters Esvagt’s Havyard newbuilds

AUGUST 19, 2013 — Siemens Energy has signed a chartering agreement with Danish shipowner Esvagt A/S for the two new 83.7 m offshore wind farm service vessels that the company ordered from

Clarksons: “trading in line with expectations”

AUGUST 19, 2013 — London based shipping services giant Clarkson PLC (LSE:CKN) today released half year results for the period ended June 30, 2013 that saw revenues down slightly to £89.1 million

Hamburg based JV to acquire ships now for later resale

AUGUST 13, 2013 — Two “well financed” Hamburg, Germany, headquartered shipping companies have founded a joint venture, Quayside Maritime Partners, to acquire ships in the present market for later sale at an

Management best practices top Intermanager agenda

JUNE 12, 2013 — InterManager, the international trade association for in-house and third party ship managers, is pledging to work with industry stakeholders as well as governments and flag state administrations to

GAC launches Android app

JUNE 12, 2013 — Android users can now download a free app giving them instant access to GAC contact details around the world with the launch of the Android version of its

SSA’s Esben Poulsson elected ICS Vice Chairman

JUNE 11, 2013 — Singapore Shipping Association Honorary Secretary and International Committee Chairman Esben Poulsson has been elected as a Vice Chairman of the International Chamber of Shipping (ICS). His election took

ICS Chairman spells out costs of green legislation

JUNE 4, 2013 — Impending new legislation to protect the environment potentially presents shipping with an additional industry-wide cost of more than half a trillion US dollars between 2015 and 2025.  This

BIMCO President: Shipping “under environmental siege”

MAY 30, 2013 — The new president of BIMCO Mr. John Denholm has identified environmental pressures facing the shipping industry as some of its most significant current challenges as he embarks upon

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