TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed two separate contracts with Hyundai Heavy Industries in South Korea worth approx $19.7 million. The new agreements concern delivery of Cargo Access Equipment for two new Post-Panamax Car Carriers under construction, as wel
Tsakos Energy Navigation Ltd. (TEN), a Greece-based crude, product and LNG tanker operator, said on Thursday that its public offering of 11,000,000 common shares was priced at $7.30 per share. Entities affiliated with the Tsakos Holdings Foundation, which is the company’s largest shareholder, have a
Damen is to construct a new ASD 3212 tug for Scafi, the Italian shipping group that includes a number of international towing companies. The contract cements their already strong business relationship that goes back 20 years and represents the first Damen ASD 3212 for Italian waters. This is the fif
The new-build subsea support vessel, named MV Deep Helder, was launched at De Hoop’s Foxhol Yard in Groningen on 23rd April. Deep Helder will be equipped with Survey and ROV systems, an offshore crane and 3 moonpools. The vessel will be ready for operations by July this year. A total of 50 personnel
Nantong COSCO KHI Ship Engineering (NACKS), a few days ago, held a christening ceremony for COSCON’s state-of-the-art 13386-TEU container ship, the COSCO ITALY. Ms. Yu Tao, Assistant Managing Director of COSCON, christened the new ship on April 18. Mr. Han Chengmin, President of NACKS, Mr. Deng Huan
SurePure, Inc., a specialist in liquid photopurification, announced a breakthrough in the microbiological purification of contaminated marine diesel fuel, using SurePure’s technology as an alternative to biocide addition or excessive micro-filtration. The contamination of diesel fuel is a significan
CMM (Compagnie Maritime Monégasque S.A.M.) has taken delivery of a Damen Platform Supply Vessel 3300. The 80-metre long, 3,300t deadweight vessel CMM Gravity will be deployed in the Brazilian waters from June 2014 on a 4+4 year contract with Petrobras. The vessel will be compliant to Petrobras speci
Navigator Holdings Ltd. has exercised its option to build an additional three 35,000 cubic meter ethylene/ethane capable semi-refrigerated liquefied gas carriers, in addition to the one vessel of the same size already under construction. The three additional vessels will be built at Jiangnan Shipyar
The new Wärtsilä NOx Reducer will be fitted to two new fishing vessels under construction at the Celiktrans yard in Turkey. The ships are owned by HB Grandi, one of Iceland’s largest fishing vessel operators. Delivery of the equipment is scheduled for the second and fourth quarter of 2014. The Wärts
SINOPACIFIC Shipbuilding Group (SINOPACIFIC) held a christening ceremony for a newly built AHTS SPA80 at its Zhejiang Shipyard on April 22nd 2014. Guests from the Export-Import Bank of China, ICBC Financial Leasing Co., Ltd. and BOURBON were present at the ceremony to celebrate the delivery of the n
Sumitomo Corporation has arranged the manufacturing and outfitting of the world’s first long rail transport vessel. The ship will be used for transport of 150 m long steel rails manufactured by Nippon Steel & Sumitomo Metal Corporation (NSSMC) at its Yawata Works facility. For many years, Sumitomo C
Baku Shipyard LLC has secured a contract worth $378 million from BP Exploration (Shah Deniz) Ltd. to design and build a Subsea Construction Vessel (SCV). When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field, which lies some 70 kilometres offshore in the Azerba
April was a very busy month for Hanjin Heavy Industries Corporation Philippines (HHHIC-Phil) during which 11 newbuilding orders were secured. HHHIC-Phil’s Subic Shipyard has won a contract to build four Very Large Crude Carriers (300,000 DWT) for Navig8 and two VLCCs + two 11,000 TEU container ships
The U.S. Navy has awarded General Dynamics’ wholly owned subsidiary American Overseas Marine LLC (AMSEA) a $32.7 million contract modification to operate and maintain seven large, medium-speed, roll-on / roll-off ships (LMSR) for the Military Sealift Command. Under the terms of the modification, AMS
