News


TORM Sells Two Bulk Newbuilding Contracts

TORM has entered into an agreement to sell two Kamsarmax bulk newbuilding contracts. The two vessels contracted in 2007 were scheduled for delivery in the fourth quarter of 2012 and the first quarter of 2013 respectively.

BSEE: Unannounced Spill Drill to Test Subsea Containment Response

      The Bureau of Safety and Environmental Enforcement (BSEE) has completed the first unannounced oil spill drill since the reorganization of the former Minerals Management Service was completed on Oct.

EBDG Adds Staff

Elliott Bay Design Group (EBDG) said that Darren Monzingo has re-joined Elliott Bay Design Group.  Darren first joined EBDG in 2003, bringing marine engineering experience in both the military and commercial marine  sectors.

Keppel Wins $809m Contract from Sete Brasil

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., has secured a contract worth approximately $809m from Urca Drilling B.V., a subsidiary of Sete Brasil Participações S.

24m Catamaran Ferry Launches

Incat Crowther announced the launch of the 24m Catamaran Ferry Titiroa by Q-west Boatbuilders in Wanganui, New Zealand. The vessel has completed sea trials, and has been delivered to Real Journeys, who will operate the vessel on New Zealand’s South Island.

Aberdeen Harbor Plans to Invest $37.6m

The import and export of goods by sea remains a vital part of the regional economy of the north-east of Scotland and this has been demonstrated more than ever this year, with a positive rise in activity levels at the port.

Wärtsilä to Design for Brazil Pipe Laying Vessels

Wärtsilä will supply the design and propulsors/positioning system for a series of two new flexible pipe laying vessels (PLVs) for advanced operations. The vessels are to be built at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in the Republic of Korea.

DNV, KEMA Create Energy and Sustainability Company

DNV has acquired 74.3% of KEMA’s shares, creating a world-leading consulting and certification company within the cleaner energy, sustainability, power generation, transmission and distribution sectors.

Bulk Carrier Charter Agreement With Morgan Stanley Capital Group

Paragon Shipping Inc. (NYSE: PRGN) entered into a fixed rate time charter agreement for its Panamax Vessel, M/V Coral Seas, with Morgan Stanley Capital Group Inc.  The M/V Coral Seas, a 2006 build, 74,477 dwt Panamax bulkcarrier, has been fixed to Morgan Stanley Capital Group Inc.

Launch Date Set for Two New Job Training Programs

Renee Marazon, CEO, The Maritime Academy of Toledo Foundation, said that applications for people interested in the Cruise Ship Professional Development and STCW Basic Safety Training Programs have been sent out, and that a launch date of  January 16, 2012 for the new programs has been set.

Exmar to Accelerate Payment with LLOG

EXMAR said that following the terms of the Asset Purchase Agreement, LLOG and EXMAR have reached an agreement in principle whereby LLOG will accelerate the payments due on the sale of the OPTI-EX. EXMAR

NWTC, MMC Shipbuilding Training Agreement

Hundreds of current and future shipbuilders will be trained in Marinette pursuant to a contract signed today by Northeast Wisconsin Technical College (NWTC) and Marinette Marine Corporation (MMC). “At Northeast Wisconsin Technical College,