Converteam Delivers First Aircraft Carrier Motor for the Queen

Power conversion specialist Converteam has completed delivery of the first of the propulsion motors for the Royal Navy's Queen Elizabeth Class (QEC) aircraft carriers as a part of the company's contract to design and supply major components of the electric propulsion...

Posted on 4/04/2011 / 0 comments / Read More

VIDEO ZIM Shekou blocked Suez Canal

On April 3 2011 Suez canal traffic was blocked for 3 hours after boxship ZIM Shekou ran aground due to engine failure. Vessel ran aground at 43 km mark, with no damages reported. [Read More] Source: Sea N...

Posted on 4/04/2011 / 0 comments / Read More

Singapore takes over counter piracy task force

Singapore has taken over command of a multinational counter-piracy task force in the Gulf of Aden. This is the second time Singapore is commanding the task force, known as the Combined Task Force (CTF) 151. [Read More] Source: Channelnews...

Posted on 4/04/2011 / 0 comments / Read More

New European container company by Maersk

Maersk Line has launched a new inter-European container shipping company called Seago Line, based in Copenhagen, that will cover all Europe, the Baltic Sea and the Mediterranean. [Read More] Source: Greenmed Jour...

Posted on 4/04/2011 / 0 comments / Read More

Rescue of pirated ship marks watershed in UAE policy, analyst says

DUBAI // The Saturday rescue of the UAE-owned bulk carrier the MV Arrilah-I marks the opening salvo of a tougher Federal tack against piracy, a Dubai-based security expert has said. [Read More] Source: The Natio...

Posted on 4/04/2011 / 0 comments / Read More

German shipper to resume calls at Tokyo port, radiation fears ease

Hapag-Lloyd , the world's fifth biggest container shipper, will resume operations to the ports of Tokyo and Yokohama this week as radiation worries from Japan's quake-crippled nuclear plant eased. [Read More] Source: Reut...

Posted on 4/04/2011 / 0 comments / Read More

European Group Launches Standard Shipping Contract

The United Kingdom's Freight Transport Association unveiled a standard maritime contract on Monday the shipper-focused group believes can bring more structure to shipper-carrier relationships that have been strained under a volatile market. [Read More] Source: Journal of Comme...

Posted on 4/04/2011 / 0 comments / Read More

DryShips Announces Proposed Private Offering of Senior Unsecured Bonds by Ocean Rig UDW Inc.

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today that its majority-owned subsidiary Ocean Rig UDW Inc....

Posted on 4/04/2011 / 0 comments / Read More

PARAGON SHIPPING INC. ANNOUNCES FILING OF IPO REGISTRATION STATEMENT BY ITS WHOLLY-OWNED SUBSIDIARY BOX SHIPS INC.

Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes and containers, announced today that its wholly-owned subsidiary, Box Ships Inc. ("Box Ships"), has filed a registration statement with...

Posted on 4/04/2011 / 0 comments / Read More

Dry bulk market down on first day of second quarter

The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 percent and ending the session down to 1,498 points, or about half of where it stood a year back. [Read More] Source: Hellenic...

Posted on 4/04/2011 / 0 comments / Read More

Maersk Oil acquires shares in three production licences in Norway

Maersk Oil has acquired shares in three production licences in Norway from Marathon Petroleum Norge A/S, a wholly-owned subsidiary of Marathon Oil Corporation (NYSE: MRO), in exchange for Maersk Oil’s financial contribution to the Earb South exploration well. Marathon...

Posted on 4/04/2011 / 0 comments / Read More

AMEC to programme manage BP’s North Sea projects

Aberdeen, United Kingdom (4th April 2011) - AMEC, the international engineering and project management company, has been selected by BP Exploration and Production to programme manage their existing portfolio of onshore and offshore projects in the North Sea, estimated...

Posted on 4/04/2011 / 0 comments / Read More

K Line: Acquires 100% Ownership of SAL Group

Kawasaki Kisen Kaisha, Ltd. ("K" Line) via its European subsidiary company possesses 50% share of SAL Group in 2007, which engages in heavy lift transportation headquartered in Germany, and 2 executive officers were dispatched from "K" Line to work with the...

Posted on 4/04/2011 / 0 comments / Read More

Ithaca Announces UK North Sea Asset Acquisitions

Ithaca Energy Inc. (TSX Venture: IAE, LSE AIM: IAE) announces that the Company has entered into an agreement to acquire a 28.46% non-operated interest in the Cook oil field (“Cook”) and a 7.41% non-operated interest in the Maclure oil field (“Maclure”) from Hess...

Posted on 4/04/2011 / 0 comments / Read More

Aibel: Major Ekofisk contracts

ConocoPhillips has awarded Aibel several contracts for modification work at the Ekofisk field. The value of the contracts is approximately NOK 280 million. Aibel is carrying out modifications on several of the platforms at the Ekofisk field in order to hook up...

Posted on 4/04/2011 / 0 comments / Read More

EMGS to mobilise third crew

Electromagnetic Geoservices ASA (EMGS) has entered into an agreement with North Sea Shipping to charter the vessel Atlantic Guardian for six months from 25 April 2011, with optional extensions of up to six months. EMGS will equip the Atlantic Guardian with its...

Posted on 4/04/2011 / 0 comments / Read More

FAIRSTAR HEAVY TRANSPORT N.V. Wins New Contracts for FJORD and FJELL in 2011

Fairstar Heavy Transport N.V. (FAIR) has signed two marine heavy transportation contracts with GAC in Aberdeen Scotland. Fairstar's semi-submersible vessels FJORD and FJELL will transport a flotilla of 42 tug boats from Singapore to Maracaibo, Venezuela in April...

Posted on 4/04/2011 / 0 comments / Read More

Wärtsilä to support Crisis Management Initiative as Lead Partner

Wärtsilä, a leading provider of power solutions to marine and energy markets, has entered into co-operation with Crisis Management Initiative, an independent Finnish non-profit organisation, which works to resolve conflicts and to build sustainable peace. As lead...

Posted on 4/04/2011 / 0 comments / Read More

Agreement for the Construction of Two Additional Tankers at Aker Philadelphia Shipyard Successfully Closed

Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), announced today that yesterday the transactions contemplated by the agreement signed in mid-December 2010 between APSI and the Philadelphia Shipyard...

Posted on 4/04/2011 / 0 comments / Read More

Brittany Ferries and STX France team up to develop eco-friendly superferry

Leading French ferry operator, Brittany Ferries, and shipbuilder, STX France, are embarking on a joint project to develop a new generation of environmentally-friendly passenger ferries. Powered by dual fuel engines, which will burn liquefied natural gas (LNG)...

Posted on 4/04/2011 / 0 comments / Read More

Pride International, Inc. agreed with Samsung to extend of option for drillships

Pride International, Inc. (NYSE: PDE) today announced that the company has reached agreement with Samsung Heavy Industries, Ltd. to extend Pride's option for the construction of a sixth ultra-deepwater drillship by 30 days. The extension of the option period does...

Posted on 4/04/2011 / 0 comments / Read More

Veolia Water Solutions & Technologies is Awarded the Contract for two FPSO Seawater Treatment Packages Offshore Angola

VWS Westgarth, a subsidiary of Veolia Water Solutions & Technologies (VWS), has been awarded a multi-million dollar contract by Daewoo Shipbuilding & Marine Engineering Co. (DSME) for the design, supply and delivery of an Ultrafiltration system and a Sulphate...

Posted on 4/04/2011 / 0 comments / Read More