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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 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc., which is 78 percent owned by DryShips. The Ocean Rig shares received by the OceanFreight s ...

The Ungundja, the first of 10 DP-3, 100-meter GPA 696 IMR (Inspection, Maintenance & Repair) vessels, was recently delivered by China's Zheijang Shipyard, part of the Sinopacific Shipbuilding Group, to Paris-based Bourbon Offshore.Classed by Bureau Veritas, the vessels were designed by naval architectural and and marine engineering firm Guido Perla &a ...

Malaysia-based OSV shipbuilder Nam Cheong has sold three of nine 5,150 bhp Anchor Handling Towing Supply vessels that are currently being built for stock. Contracts worth a total $38 million have been secured for the vessels with a new Singapore customer, Sentinel Marine Pte Ltd.Though Nam Cheong's main shipbuilding facility is in Malaysia, the  ABS class AHTS ves ...

Galliano, La., headquartered oilfield services contractor Grand Isle Shipyard, Inc. (GIS) has been purchased by NANA Development Corporation. Founded in 1948, GIS has 1,400 employees and provides a variety of contract services, primarily focused on maintenance and repair of more than 700 offshore platforms off the Louisiana Gulf Coast. Its primary customers are both large and smal ...

Sharjah, UAE, headquartered Gulmar Offshore Limited reports that its diving/ROV support vessel Gulmar Atlantis is now on its maiden voyage from Singapore to start a minimum 6 months contract in Brazil."Brazil is a very dynamic market for Offshore Oil and Gas. This contract will be an opportunity to display the versatility and high-end capabilities of the vessel, in terms of ...

Jonathan Whitworth, CEO of Seaspan Marine Corporation, says Seaspan is "both pleased and thankful" for the level of support it has received for its bid to win one of two work packages offered in Canada's $35-billion National Shipbuilding Procurement Strategy (NSPS). Today British Columbia's Minister of Jobs, Tourism and Innovation, Pat Bell, said that the Seaspan ...

SeaRiver Maritime, Inc., Houston, Tex., an affiliate of ExxonMobil, has signed a letter of intent (LOI) with Aker Philadelphia Shipyard, Philadelphia, Pa., to build two U.S. flag, 115,000 dwt Aframax size crude oil tankers. The LOI is expected to be finalized in the third quarter of this year.The double-hull tankers will be built in partnership with ...

Heavy lift specialist Dockwise confirms its first contract for the new Type 0 vessel. By the end of 2012 and immediately upon delivery of the vessel by the shipbuilder, Hyundai Heavy Industries, the vessel will transport the Jack St. Malo platform hull from Korea to the U.S. Gulf of Mexico. While initially in the form of an intent, the selection of the Type 0 v ...

Mitsui O.S.K. Lines, Ltd.(MOL) is adopting a new low-friction hull paint, Seaflo Neo, developed by Chugoku Marine Paint, Ltd. After analyzing the results of an onboard test with a newbuilding vessel, MOL confirmed that the new paint offers improvements in fuel efficiency compared to conventional paints. This will contribute to the reduction of CO2 emissions from vessels. ...

The Board of Directors of the Passenger Vessel Association (PVA) has unanimously voted to oppose enactment of a bill in the U.S. House of Representatives that would allow foreign-flagged passenger vessels to directly compete with their American-flagged counterparts. The PVA Board action reaffirmed support of the Passenger Vessel Services Act (PVSA) which reserves the commercial carr ...