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There could be some consolidation ahead in the Arabian Gulf rig building, repair and fabrication business. Lamprell plc issued a stock exchange announcement today that confirmed that it has entered into a letter of understanding with Maritime Industrial Services Co. Ltd Inc in respect of a potential offer to purchase 100% of the shares in MIS at a price of NOK 38 per share ...

During the early morning of  April 6, the Finnish Navy minelayer FNS POHJANMAA identified a suspected Pirate Action Group (PAG) consisting of a dhow and 2 attack skiffs approximately 250 NM South East of Salalah, Oman.The PAG is believed to have been responsible for an unsuccessful attack on a merchant vessel in the area the day before.  ...

Kjell Inge Røkke's Aker Solutions is dusting off the time honored Kværner name. Back in 2008, what was then Aker Kværner was rebranded as Aker Solutions in a move said to "represent a simplification and strengthening of our corporate identity and outline our offering of comprehensive industrial solutions." Today, Aker Solutions announced that it is establishing a s ...

Regulation V/19 of the SOLAS Convention sets out navigational equipment to be carried on board ships, according to ship type.  Under the regulation, ships fitted with AIS shall maintain AIS in operation at all times except where international agreements, rules or standards provide for the protection of navigational information.IMO Resolution ...

Kleven Maritime has delivered the AHTS Siem Amethyst to Siem Offshore. The delivery completes the largest offshore service vessel  contract in Norwegian shipbuilding history. This vessel is the tenth and last in a series of large anchor handling vessels delivered from Kleven Maritime to Siem Offshore Inc. Thus far. Kleven Maritime has delivered 15 offshore support vessels ...

U.S. Transportation Secretary Ray LaHood yesterday released a report that, he says, "will serve as a roadmap to the future in creating and further strengthening the nation’s marine highways" Prepared by Marad, the report  is required by Sections 1121 and 1123 of the Energy Independence and Security Act of 2007 (Energy Act). Section 1121 directs the Secretary of ...

Maersk Drilling has signed a contract with Samsung Heavy Industries in South Korea for the construction of two ultra deepwater drillships. The drillships are scheduled for delivery in the third and fourth quarters of 2013, respectively. The total project cost for the two drillships is close to $1.3 billion. This includes a turnkey contract with the shipbuilder, own ...

It looks like one finished Jones Act tanker will come out of AHL Shipping's failed plan to build three 49,000 dwt tankers in the U.S. using a "virtual shipyard" approach. Mid Ocean Tanker Company, a joint venture of private equity firm Alterna Capital Partners and Mid Ocean Marine, has contracted with BAE Systems Southeast Shipyards in Mobile, Alabama for work required to launch ...

Pasha Hawaii's second ship from VT Halter Marine will not be a clone of its first, the RO/RO Jean Anne. The new ship, the Marjorie C, will be a a combination container and roll-on/roll-off vessel. It is scheduled to enter service in Fall 2013 and will serve the Mainland to Hawaii trade lane on a fortnightly basis, providing the only regularly scheduled direct calls to Kahului ...

Mitsui O.S.K. Lines, Ltd. (MOL) today announced the joint development along with Akishima Laboratories (Mitsui Zosen) Inc. of an optimum trim system for vessels,A pilot test of the system, using a 6,400-unit car carrier, showed an increase of up to 4 percent in fuel efficiency compared to a conventionally equipped vessel. The added efficiency in turn contribu ...