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The Council of the International Maritime Organization (IMO) has unanimously endorsed the decision of a Panel of Judges that the 2011 IMO Award for Exceptional Bravery at Sea should go to Captain Seog Hae-gyun of…
Publicly traded Kirby Corporation, Houston, Tex., finalized its $604 million acquisition of K-Sea Transportation Partners L.P., East Brunswick, N.J., greatly expanding its presence in the coastwise marine petroleum refined products transportation business. K-Sea, which operates…
ThyssenKrupp AG said Friday that restructuring of its ThyssenKrupp Marine Systems is largely complete. But it also revealed that it will not proceed with the planned the sale of the civil shipbuilding business of Blohm+Voss…
In the wake of the Deepwater Horizon incident last year, the U.S. Coast Guard is increasing its existing safety inspection regime for foreign-flagged vessels operating in U.S. waters with an additional layer of risk-based safety…
Asia Offshore Drilling Limited (AOD) recently exercised its first of two options worth $184 million to build a high-specification KFELS B Class jackup rig at Singapore's Keppel FELS shipyard. AOD must still enter into a…
Private equity firm J.F. Lehman & Company, New York, N.Y., which has holdings in the defense, aerospace and maritime sectors, announced today that it has acquired US Joiner LLC and Turnbull LLC in partnership with…
Shipping recruiter Faststream is warning that shipowners that are ordering new LNG carriers could face serious difficulties in finding experienced superintendents to run their new ships in the coming months and years, particularly in Europe. …
General Dynamics NASSCO, San Diego, Calif., announced today that it has received a $60 million contract from the U.S. Navy to purchase long-lead materials for the construction of a third Mobile Landing Platform (MLP) ship.…
Celebrity Cruises' newest cruise ship, the 2,850-passenger, 122,000 gt Celebrity Silhouette today set sail—in reverse—from the Meyer Werft shipyard in Papenburg, Germany, in preparation for official naming ceremonies in Hamburg and its inaugural cruise this…
The U.S. Military Sealift Command will charter a U.S.-flag, Ice Class-certified double-hulled product tanker from Maersk Line, Ltd., Norfolk, Va., under a one-year $15,348,703 firm-fixed-price contract. The product tanker will be used in worldwide bulk…
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