State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and Federal State Unitary Enterprise the Krylov State Research Center (the Krylov KSRC) have entered into an agreement on cooperation. The agreement aims to establish long-term and effective cooperation in implem
The acting head of the U.S. Maritime Administration (MarAd) said his agency is taking a “leading role” in developing a new blueprint to revitalize the industry. Paul “Chip” Jaenichen addressed the Maritime Trades Department (MTD), AFL-CIO on Sept. 6, and he offered a realistic look at the tough chal
HB Grandi has signed a contract for two new pelagic vessels. The first is to be delivered in early 2015 and to be followed by its sister ship in the autumn of the same year. The first newbuilding is expected to replace a pair of 53-year old vessels, Víkingur and Lundey. Decisions on the future [&hel
From October 2013, the telemagenta ‘Lottie Holly’ will brighten the Welsh waters working the mussel beds of Myti Mussels Ltd. Since its inception in 1982 this will be the fifth new mussel dredger that this family firm has commissioned and the fourth from Maaskant Shipyards Stellendam, part of the Da
Norwegian shipyard Fjellstrand has delivered three 25 meter-long wind farm vessels out of six ordered by Denmark’s World Marine Offshore (WMO). As confirmed by Fjellstrand, the fourth vessel will follow by the end of September, whereas the two 30-meter vessels will be delivered in May and June 2014
Success is based on how well people adapt to situations they simply can’t control. That’s why, when it comes to holding a drillship on-site, as winds whip the sea and the underwater currents into a frenzy, oil companies and their contractors turn to GE’s Power Conversion business. GE represents watc
Stream Tankers AS, have entered into newbuilding contracts with Fukuoka Shipbuilding Co. Ltd. and Shitanoe Shipbuilding Co. Ltd. in Japan for up to five advanced 19,900 dwt. chemical tankers with cargo tanks in stainless steel. The vessels will be of the new Fukuoka/Shitanoe eco-design hulls and com
Keppel Shipyard Ltd (Keppel Shipyard) has secured two Floating Production Storage and Offloading (FPSO) conversion contracts from repeat customers worth a combined value of S$190 million (approx. USD 150.8 million). These contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Limit
Oceanfoil, the maritime technology company pioneering proven aerofoil technology, has announced the formation of partnerships with naval architects Owen Clarke Design LLP and University College London’s Energy Institute (UCL-Energy). Oceanfoil will work with naval architects Owen Clarke Design LLP d
The agreement for the construction of platforms P-75 and P-77 was signed on Monday (Sept. 16), at Palácio Piratini, in Porto Alegre, with the RIG Consortium, which is formed by Queiroz Galvão, Camargo Correa, and IESA. The ceremony was attended by the President of Brazil, Dilma Rousseff, and our CEO
Northrop Grumman Corporation has received a $25.2 million contract from the U.S. Navy for additional Littoral Combat Ship (LCS) Mission Modules. The company will deliver three mission module packages – two for surface warfare missions and one for mine countermeasures. “Northrop Grumman continues to
Norwegian Kleven yard, seated in Ulsteinvik, launched the first vessel designed by Salt on 14 September 2013. The ceremony was attended by Ugland and Salt Ship Design representatives, along with the shipyard staff. This project has been an exciting collaboration between Salt Ship Design, Ugland and
Seacat Services, the class leading offshore wind transfer vessel operator, and South Boats IoW, the UK’s foremost manufacturer of wind farm crew transfer vessels, have signed a £10m, three workboat deal. The agreement represents one of the largest single wind farm workboat orders ever placed by a ch
The Japan Bank for International Cooperation (JBIC) has signed three buyer’ s credit agreements totaling up to about $40.5 million (JBIC portion) for funding the purchase of three bulk carriers with U-Ming Marine Transport (Singapore) Private Limited (UMS) in Singapore. UMS is a wholly-owned subsidi
