China Rongsheng Heavy Industries announced yesterday its plan to issue Convertible Bonds in an aggregate principal amount of HK$1,400,000,000 (approx. $180 million) that will be used for working capital and general corporate purposes, in particular, to support the Group’s strategic development in th
Strategic Marine, a leading specialist shipbuilder in Asia, today announced that Njord Offshore, UK fleet operator of Crew Transfer Vessels for the growing European offshore windfarm sector, has officially confirmed the option for two more high performance crew transfer and service vessels, taking t
Signet Maritime Corporation announced delivery of its newest vessel, a Robert Allan designed AZ 25/60 Class towing and escort tug, M/V SIGNET MAGIC, on July 26, 2013 from Signet Shipbuilding & Repair, Pascagoula, Mississippi. This Signet owned state-of-the-art ASD will be used at multiple Gulf of Me
The board of directors of China Rongsheng Heavy Industries Group Holdings Limited announced today that Mr. Zhang Xu Sheng has resigned as an independent non – executive director of the company with effect from 31 July 2013 due to health reasons. Upon his resignation as an independent non – executive
Teekay GP LLC., the general partner of Teekay LNG Partners L.P., announced today that it has issued approximately 0.93 million common units in a private placement to an institutional investor for proceeds of approximately $40 million (excluding its general partner’s proportionate capital contributio
Gibdock has underlined its growing reputation in the offshore vessel sector by securing its first dry docking contract from Technip, a world leader in project management, engineering and construction for the energy industry. Wellservicer, a multi-role diving support vessel with subsea lift capabilit
TTS Group has through its subsidiary TTS Marine GmbH in Bremen signed three contracts for deck equipment with a value of approx. 46 MNOK (approx. USD 7,7 million). Two of the contracts are signed with a Korean shipyard and concerns anchor and mooring winches for seven new ships under construction fo
As container carriers continue to struggle with shippers to gain acceptance for rate increases, the conventional reefer shipping and logistics sector is about to witness the launch of a radically new reefer ship design at the Cool Logistics Global 2013 conference in Rotterdam, 24-26 September. “Whil
The National Shipping Company of Saudi Arabia (Bahri) announced that in connection with the fleet replacement program for the general cargo the company has sold its general cargo vessel (Saudi Hofuf), on 30 July 2013, for scrapping after completing her useful life for a sum of SAR. 28,305,845 genera
Helix Energy Solutions Group, Inc. announced today that it is proceeding with the construction of a second newbuild semisubmersible well intervention vessel, to be named the Q7000. Owen Kratz, Helix’s President and CEO, stated, “Based on strong market demand and our proven success for delivering spe
BigLift Shipping announced that on Sunday July 28th, Happy Sky started her maiden voyage from Shanghai to Cape Lambert, Australia. She is transporting three large modules – 1 x 935 mt / 1 x 818mt / 1 x 777 mt – to be installed as part of the Port B, Phase B project in Cape […]
Deltamarin Ltd has signed a contract with the Chinese Tianjin Xingang Shipbuilding Heavy Industry for Approval and Detail Design work for the two (plus two options) Post Panamax Car Carriers ordered by the Swedish shipowner Wallenius Lines. Prior to this contract, Deltamarin has already developed th
Danish company Sea Consult ApS has taken delivery of its first Damen Twin Axe as the company prepares to enter the offshore wind market. Based in Marstal, Sea Consult is a new customer to Damen and this will be the first Fast Crew Supplier (FCS) 2610 to be operated by a Danish company. The vessel [&
Following a $1.1 million grant from the United States Department of Transportation (DOT) Seacraft Shipyard, LLC, in Amelia will be able operate more efficiently. Namely, the grant will enable Seacraft Shipyard, LLC, to procure a new 400-ton marine travelift, allowing for the shipyard to accommodate
