Green Marine
DNV GL and KGJG to Co-Develop Marine Cybernetics
Following DNV GL’s recent acquisition of Marine Cybernetics, the Kristian Gerhard Jebsen Group (KGJG) will reinvest in order to co-develop the company. KGJG will own an increased 30% stake, with DNV GL as the majority (70%) shareholder. Marine Cybernetics is the leading company for third-party testi
ACM, Braemar Confirm Merger
ACM Shipping and Braemar Shipping Services announced today that they have reached agreement on the terms of a recommended merger pursuant to which Braemar will acquire the entire issued and to be issued ordinary share capital of ACM. Under the terms of the merger, ACM Shareholders will be entitled t
BW Adds Ten Chemical Tankers
Following yesterday’s announcement that BW Group was purchasing ten Medium Range product tankers, the company’s buying spree continues with a new deal for ten additional vessels. Under the deal signed with Stream Tankers, BW will acquire ten chemical tankers comprising of two ships built in 2008 and
Höegh Jacksonville Officially Named
The latest addition to Höegh Autoliners’ fleet was named “Höegh Jacksonville” during a ceremony held in Hamburg, Germany on 16 May, 2014 . Mrs. Doris Trunzer, the wife of Mr.Mario Trunzer (Managing Director Commercial of the LIEBHERR Werk-Ehingen GmbH.) acted as Lady Sponsor. The ceremony was hosted
ALE Takes Heavy Lifting to Another Level
ALE has achieved another world record with the load-out of the 47,830t Arkutun Dagi topside. This weight, which was the combination of the 42,695t topside positioned on a 5,135t load-out support frame is the heaviest to be loaded-out in the world. ALE’s full scope of work included the stand jack pul
Port of Tallinn Opens New Cruise Ship Quay
The Port of Tallinn opened the new 9.34 million Euro cruise ship quay on Saturday, May 17. The quay will allow larger cruise ships than before to be docked, thus increasing Tallinn’s attractiveness for cruise operators. The official ceremony of quay opening took place at 14:15 on Saturday. The quay
GDF SUEZ Returns to the Brest Shipyard
Damen Shiprepair Brest (France) has received its 10th LNG carrier repair order from GDF SUEZ in-house technical vessel manager Gazocean. The 73,646M3 capacity vessel, to undergo extensive maintenance works, was delivered under the name of Gaz De France Energy in 2006 at Chantiers de L’Atlantique in
Newlead Modernizes Its Fleet
A 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, Newlead Albion was delivered to NewLead Holdings’ fleet on Monday, May 19, 2014. Newlead Albion is trading on the spot market and is expected to generate $2.0 million EBITDA per year assuming $1.73 million yearly OPEX. The vessel is one
Moonen Unveils the Caribbean Range
Moonen Shipyards in the Netherlands has introduced the new Caribbean series of motoryachts. Leveraging on the success of its classic looking superyachts over the last two decades and offering a refreshingly modern twist, the Caribbean range combines a distinctive and timeless style with all the attr
IRClass Announces New Appointments in Singapore and London
Indian Register of Shipping (IRClass), one of the world’s leading ship classification societies, has announced three new senior appointments aimed at boosting its presence in key international maritime centres. The new appointments in Singapore and London are part of IRClass’ strategic plan to expan
Ardmore’s Fleet Additions Reap Higher Charter Revenue
Ardmore Shipping, the Ireland-based product and chemical tanker company, posted a $5m increase in time charter revenue in the first quarter of 2014, thus exceeding analysts’ expectations. According to Fearnleys, the results are slightly better than expected, predominantly thanks to spike in time cha
IMO Oks Cathelco’s Ballast Water Treatment System
Cathelco have received IMO Type Approval for their ballast water treatment system which is based on a combination of filtration and UV technology. This has been achieved after 5 years of research and development followed by rigorous testing on land and sea. Although Cathelco have served the marine i
British PM Tours Port of Tyne
The British Prime Minister David Cameron popped into the Port of Tyne on Friday, May 16th. Accompanied by Martin Callanan MEP, the Prime Minister took in a bird’s eye view of the Port from the top of a 70m high container shipping crane. The new gantry crane, costing £6m, was installed at the end [
VARD Bags PSV Design Order
Vard Holdings Limited (VARD), one of major global designers and shipbuilders of offshore and specialized vessels, has secured another contract for the design and construction of one Platform Supply Vessel (PSV) for Carlotta Offshore Ltd. The vessel is a multifunctional PSV of VARD 1 08 design with