Monthly Archives: January 2017

Hyundai Merchant Marine (HMM) has reached an agreement with its compatriots Heung-A Shipping and Sinokor Merchant Marine to form an HMM + K2 consortium. The HMM + K2 consortium will commence operations in March after signing a formal contract next month.

Carmanah Technologies Corporation  has completed the acquisition of the EKTA marine aids to navigation assets from Cybernetica AS of Estonia. The company had previously announced its intention to acquire the EKTA branded products and contracts on November 29th, 2016.

DryShips Inc has signed definitive documentation with Sifnos Shareholders Inc for the previously announced refinancing of the majority of its outstanding debt under the new senior secured revolving facility. Under the terms of the New Revolver…

Rail freight shipping and freight transport services across the U.S., Canada, and Mexico 2017 market expected to grow at compound annual growth rate (CAGR) of 5.57%. The analysts at WiseGuyReports forecast the rail freight transportation market…

U.S. President-elect Donald Trump on Tuesday named Robert Lighthizer, an official in the Reagan administration and harsh critic of China's trade practices, to be his chief trade negotiator, responsible for better deals aimed at reducing U.S. trade defi...

In September, 2016, an U.S. shipyard and the Canadian design business of an Italian-owned Norwegian shipyard won the largest vessel procurement contract in U.S. Coast Guard history. Now, Eastern Shipbuilding will build nine — and possibly many more — Vard Marine designs in its Panama City…

SCA’s Matt Paxton weighs in on the state of domestic shipbuilding – workboat building & everything in between. As President of the Shipbuilders Council of America, the national trade association representing the U.S. shipyard industrial base…

South American river tugboats need robust rudder bushings: some 20 tug boats on the Parana River, running through Brazil, Paraguay and Argentina, have been equipped with Vesconite rudder bushings. In the challenging waters of South American rivers…

Wanax AS, a wholly owned subsidiary of S.D Standard Drilling Plc, will  invest USD 5.215mln in platform supply vessels  (PSV) Opportunity III DIS. The investment will be done through subscription of ownership interests in PSV Opportunity  III…

2017 will see another year of die-hard competition, which now includes tankers, says International shipping association Bimco. The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest...