Thrustmaster of Texas, Inc., a thruster manufacturer, expanded their product lineup to include waterjets after acquiring the technology of DOEN Pacific on Wednesday. DOEN, a designer and manufacturer of waterjet propulsion systems for the past 48 years, is one of five marine waterjet manufactures in
The 2014 started with a new acquisition for the Palumbo Group. On Monday, February 3rd the Commercial Court of Marseille declared Palumbo Group the winner of the Tender for the Acquisition of International Technic Marine (ITM) in Marseille. There were two players at the final stages of the Tender, t
MAN Diesel & Turbo’s recent market introduction of its new generation of waste heat recovery (WHR) systems is already notching up important milestones. Concurrent with the successful commissioning of the TCS-PTG22 units in Panama, a further TCS-PTG20 has successfully passed its factory acceptance te
KfW IPEX-Bank has committed to finance the third Quantum-class cruise ship commissioned by Royal Caribbean Cruises Ltd. (RCCL) to be built at the Meyer Werft shipyard in Papenburg. The purchase price of the ship is similar to that of the first two Quantum vessels. The financing, to be paid out in US
Focal Marine & Offshore has secured two contracts, one for DP-2 ROV/diving support vessel of FOCAL 532 design and another for FOCAL 531 ERRV design. The first contract was signed with Focal’s regular Middle East client for diving support vessel with LOA of 90m, diesel electric propulsion, AHC crane
Keppel FELS Limited (Keppel FELS), a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 (L) Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd. (UMW Oil & Gas), for a KFELS B Class jackup rig worth US$218 million. It will be the thir
Serdijn Ship Repair (SSR) and Zwagerman Offshore Services established a new company under the name Rotterdam Offshore Group BV (ROG). Both companies have a strong reputation for finding innovative solutions for complex jobs. Their ideas and activities are complementary, so a complete portfolio can b
Ardmore Shipping Corporation has signed a commitment letter for a new $172 million credit facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB (“SEB”). The proceeds from the new facility are expected to be used to finance up to 65% of the purchase price of
Amedeo Resources plc, an investment company, confirmed that Jiangsu Yangzijiang Offshore Engineering Co. Ltd. (YZJ Offshore) has been contracted to build two semi-submersible drilling platforms for Primepoint Drilling. In addition, an option on two additional semi-submersibles has also been agreed s
International classification society Bureau Veritas has entered into a technical and commercial co-operation agreement with French hydrodynamic specialist HydrOcean. Under the agreement, HydrOcean will provide advanced Computational Fluid Dynamics (CFD) services to BV’s shipping and offshore clients
IHC Merwede has secured orders worth € 350 million (approx. USD 473.2 million) for a wide range of dredging and offshore vessels and equipment. The company’s Dredging division has confirmed new contracts for the delivery of a large custom-built trailing suction hopper dredger, 13 units that will be
China Merchants Energy Shipping (CMES), a subsidiary of China Merchants Group, has exercised options to construct additional four ultramaxes at Chengxi Shipyard, the company announced in a Shanghai Stock Exchange filing. Financial details of the contract were not disclosed. The ordered vessels are f
The Navy’s newest amphibious transport dock ship, Pre-commissioning Unit Somerset, (LPD 25) departed Huntington Ingalls Industries (HII) Shipbuilding site in Avondale, La., Feb. 3, beginning its maiden voyage to it’s commissioning site in Philadelphia, March 1. “The commissioning ceremony marks an i
The amphibious assault ship America (LHA 6) returned to Huntington Ingalls Industries’ Ingalls Shipbuilding division Friday following successful acceptance sea trials in the Gulf of Mexico. Ingalls’ test and trials team successfully demonstrated more than 220 test events to the U.S. Navy’s board of
