Monthly Archives: May 2017

A Damen Cutter Suction Dredger (CSD) 350 has been delivered from Damen Dredging Equipment in Nijkerk, the Netherlands, to start work on a canal dredging assignment in the province of Groningen, in the north of the country. In order to execute the project…

ABS partners with HHIC to advance safety and set standards in new FSRU design concept. Working with Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) as it completed a new Floating Storage and Regasification Unit (FSRU) design concept…

Effective May 1, Lasse Petterson has assumed the role of chief executive officer (CEO), a provider of dredging, environmental and remediation services. In his over 35-year career, Petterson has gained extensive experience in the engineering, constructi...

Emergency responders are working to keep a disabled tug and barge from running aground off of Texas. U.S. Coast Guard response and incident management teams are coordinating with G & H Towing and T & T Marine Salvage to prevent a disabled tug and barge from running aground on Galveston Island…

Five people died and about 20 were injured when a crane collapsed at a Samsung Heavy Industries shipyard in South Korea during construction of an oil platform for French energy company Total, the two companies said on Monday. The yard in Geoje…

Royal Caribbean Cruises has announced board authorization for a $500 million share repurchase program. The company said that it received board approval to implement a program to repurchase up to $500 million of its common stock. The plan will…

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$14…

Japan's top three  shippers -Nippon Yusen KK (NYK), Mitsui OSK Lines and Kawasaki Kisen Kaisha - appear on course for net profit in fiscal 2017, buoyed by better market conditions and restructuring efforts, Reuters reported. The brighter outlook…

Eimskip has secured 80% financing of the contract price of the vessels with a 15 year tenor in Euros taken upon delivery. The lender is the German bank KfW IPEX-Bank GmbH. The loan is secured by China Export & Credit Insurance Corporation (Sinosure).