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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…
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…
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…
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…
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…
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…
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…
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…
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…
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