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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…
Crowley Maritime Corp. reports that Cole Cosgrove has assumed the role of vice president of marine operations for its liner services groups. Mr. Cosgrove, who most recently held the role of vice president of the…
The City of Portland, Oregon, has chosen Jensen Maritime Consultants, Inc., a Crowley company, to design the fastest response fire and rescue boat on Oregon's Columbia River. Until now, Portland Fire & Rescue's response fleet…
Vice Admiral Peter H. Daly, U.S. Navy (Ret.) has been appointed Chief Executive Officer of the U.S. Naval Institute (USNI) Admiral Daly served from August 2008 until June 2011 as Deputy Commander and Chief of…
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…
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