Latest News
APRIL 8, 2014 — CIT Maritime Finance has provided a $55 million senior secured credit facility to Tanker Solutions LLC, a joint venture between Prime Tanker Management and Castlelake, L.P. The facility supports the purchase…
APRIL 8, 2014 — Crowley Maritime Corporation reports that it has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd. The Accord acquisition will be managed by Crowley's ship…
APRIL 8, 2014 — Rolls-Royce is to deliver deck machinery and engines for the arctic Anchor Handling Tug Supply vessel (AHTS) recently ordered from Vard by Bourbon Offshore Norway (see earlier story). The contract has…
APRIL 8, 2014 — Wärtsilä has received service level recognition for its Propulsion Condition Monitoring Service (PCMS) from DNV-GL, making Wärtsilä the first company to attain this type of recognition from three of the major…
APRIL 8, 2014 — Ålesund, Norway, headquartered Golden Energy Offshore has entered into a shipbuilding contract with Nantong Rainbow Offshore & Engineering Equipments Co., Ltd. (ROC) in China for the construction of two Ulstein PX121H…
APRIL 8, 2014 — An articulated tug barge being built by VT Halter Marine for Bouchard Transportation is being fitted with Hyde Guardian ballast water treatment systems. The system being installed on the ATB tug…
APRIL 7, 2014 — Caterpillar Marine reports the first shipment of Cat 3500 series marine gas engines from its Lafayette, IN, manufacturing facility. The five Cat G3516 marine engines will power the LNG-Hybrid Barge that…
APRIL 7, 2014 — AGL Resources Inc. (NYSE: GAS) reports has signed a definitive agreement to sell its Tropical Shipping business to a subsidiary of Saltchuk Resources, Inc. of Seattle, WA. After-tax cash proceeds and…
APRIL 7, 2014 — Underwater sounds consistent with the pings from aircraft black boxes have been picked up by an Australian Defense Vessel originally ordered as an offshore construction vessel (OCV) by DOF Subsea (see…
APRIL 7, 2014 — Rotterdam headquartered Imtech Marine says that a hybrid propulsion system supplied for the first diesel electric, hybrid ferries built for Scottish state-owned ferry operator, Caledonian Maritime Assets Ltd (CMAL) are producing…
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