Statoil has declared their one year option to extend the contract for the PSV Far Serenade (2009, UT 751 CD, 5,944 DWT). Saipem has declared their one year option to extend the contract for the CSV Far Samson (2009, UT 761 CD, 32,640 BHP / 250 t Crane). Peterson Den Helder B.V. has declared their […]
Matson, Inc., a leading U.S. carrier in the Pacific, announced yesterday the issuance of $100 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on November 6, 2013. The Notes have a weighted average life of approximately 14.5 years and bear interest at a rate of 4.35%, payable semi-annually. […]
Metal Shark Aluminum Boats is expanding its operations and has acquired a large waterfront parcel to accommodate the production of larger vessels. The builder has signaled its entry into the shipbuilding sector with the purchase of a 25-acre waterfront tract located in South Louisiana’s St. Mary Parish. Plans for the new facility call for over […]
Horizon Survey and Geotechnical Companies (Horizon) announced the delivery of their new build DP2 Geotechnical Drill Ship, ‘Quest Horizon’. The 65m vessel was commissioned and designed specifically to support Horizon’s geotechnical drilling projects. The ‘Quest Horizon’ can also be utilised for survey, ROV and light construction activities. The vessel is currently located in the United […]
January 17, 2014 | Posted in
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Port of Oakland Executive Director Chris Lytle just announced maritime industry leader John C. Driscoll as the Port’s new Director of Maritime. Port Executive Director Chris Lytle said, “We are positioned to expand our maritime business and we are fortunate to have John, a proven leader in the industry, join our senior management team at […]
January 15, 2014 | Posted in
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Wartsila Corporation commented on the recent speculation regarding potential transaction between Rolls-Royce Plc and Wärtsilä by saying that there are no longer ongoing discussions with Rolls-Royce. According to the speculation, Rolls-Royce is in talks to buy the marine propulsion unit of Finland’s Wartsila, Bloomberg reported, citing three people familiar with the subject. The sources also […]
Scorpio Tankers Inc. yesterday announced that it will recognize a net gain from sales and write downs of approximately $14.0 million due to the gain on the previously announced VLGC transaction and the write down of some of the older vessels in the fleet as the Company has designated these vessels as “Held for sale”. […]
Minister for Transport, Tourism and Sport, Leo Varadkar TD has announced the publication of the Merchant Shipping (Registration of Ships) Bill 2013. The Bill is one of the Minister’s legislative priorities and is part of an overall objective to update and enhance the national maritime legislative code, and ensure the safety of maritime transport services. […]
Infocast, the leading business intelligence and networking events producer in the water management industry, has announced its inaugural Ballast Water Management Summit, scheduled for February 25 – 27, 2014 in Long Beach, CA. New regulations for ship ballast water management are being implemented by the US Coast Guard within the year that are projected to […]
December 25, 2013 | Posted in
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Kinder Morgan Energy Partners, L.P. today announced it has entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Management for $962 million in cash. APT and SCT are engaged in the marine transportation of crude oil, condensate and refined […]
