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Daewoo Shipbuilding & Marine Engineering Co., says it has secured orders worth $850 million to build four liquefied natural gas (LNG) carriers for the George Economou Group. The 159,800 cu.m ships will have dual fuel…
China's Yangzijiang Shipbuilding is taking a 60 percent equity interest in Singapore marine technology and ship design consultancy CS Marine Technology Pte Ltd (CSMT). CSMT's wholly-owned subsidiary in China, Barber-CS Marine Technology (Shanghai) Co. Ltd.,…
Marcon International, Inc., Coupeville, Wash., has brokered the sale and delivery of two 5,630 BHP new ASD sister-tugs from Turkish shipbuilders, Bogazici Denizcilik to owners in the United Arab Emirates. The tugs were designed by…
Four corporations involved in owning and operating a fleet of vessels regularly visiting New Orleans were today sentenced to pay a $1 million penalty and banned from doing business in the United States for the…
Incat Crowther reports the launch of Topaz Zenith. Launched by Topaz Shipbuilding's Fujairah, UAE, shipyard, this innovative 27.6 m wave piercing catamaran crew boat has been designed to support offshore energy installations.Part of the development…
Japan's Mitsui Engineering & Shipbuilding Co., Ltd. (MES) is to build two next generation "neo Supramax 66BC" bulk carriers for a customer it identifies as a "first class shipowner." Developed as a low fuel consumption,…
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, today announces that it has signed a definitive agreement to acquire V.Group Ltd. from Exponent Private Equity for an enterprise value…
"We see signs that the market is beginning to rationalize the number of vessels in the market," says Angeliki Frangou, Chairman and CEO of dry bulk specialist Navios Maritime Partners L.P. (NYSE: NMM). "Non-deliveries continue,…
Bahamian shipowner Campbell Shipping Ltd. has signed an order with Tsuji Heavy Industries (Jiangsu) Co., Ltd. located at Zhang Jia Gang, China for two 37,500 dwt double-hull log fitted bulk carriers, with an option for…
ABS has issued the following regulatory update: CARB – Low Sulfur Fuel Regulations The California Air Resources Board (CARB) has posted a 15-Day Notice of Public Availability of Modified Text for the Proposed Regulation “Fuel…
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