Marine and offshore vessel management and support services provider V.Group said it has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for new build supervision and ship management of dry bulk vessels.
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Sailing, Sailing, over the Grassy Waves
It is a tram or a train? Neither, it's a boat. Pleasure craft using Poland's Elblag Canal can appear to be seen as sailing through grassy plains as they follow tracks on land in an unusual solution for dealing with elevation on the waterway.
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Conrad Reports 2Q Profit of $1.4 Mln
For the quarter ended June 30, 2017, U.S. shipbuilder Conrad Industries, Inc. reported a net income of $1.4 million and earnings per diluted share of $0.27, up from $1.3 million and earnings per diluted share of $.25 for the second quarter of 2016.
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Damen Stock Tugs Shipped to Rotterdam
Shipbuilder Damen said its latest transport of newbuild vessels has arrived in the Port of Rotterdam in the Netherlands. The multiple vessel shipment carried on board the SAL Heavy Lift vessel MV Lone comprises various Damen Tugs and one Multi…
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Sakhalin II LNG Export Plant Awards 3-cargo Tender
Russia's Sakhalin II liquefied natural gas (LNG) export facility has awarded its three-cargo tender to Royal Dutch Shell, Gazprom and Mitsui, trade sources said. The plant offered three October cargoes loading on Oct. 5, 7 and 15, they said.
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Baltic Index Rallies as Larger Vessel Rates Surge
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped more than 4 percent on Friday as demand for capesize and panamax vessels remained strong. The overall index, which factors in rates for capesize…
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Migrant Rescue Boat Goes to Aid of Anti-migrant Vessel in Mediterranean
A German humanitarian rescue ship said it was heading on Friday to the aid of a vessel run by a group of far-right activists who are at sea to disrupt the work of charity boats helping migrants in the Mediterranean. The Sea-Eye charity's founder…
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Two AIDA Ships to Participate in German Maritime Festival
For the fourth time in a row, AIDA Cruises has agreed to sponsor a ship for one of these major public attractions of one of Germany’s biggest maritime festivals. Thanks to the support of the cruise company based in Rostock, the venerable Russian…
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Cochin Shipyard Shares Jump After $225 mln IPO
Shares in India's Cochin Shipyard Ltd rose more than 20 percent on their trading debut on Friday after the state-run company's 14.42 billion rupees ($224.7 million) initial public offering. The stock was trading at 528.15 rupees by 0432 GMT…
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Cargo Ship Runs Aground in Saint Mary River
The St. Marys River is closed to commercial vessels from the Soo Locks to 6 Mile Point, after a 629-foot U.S. cargo ship ran aground on the north side of Sugar Island, Wednesday, at about 11:40 p.m. The merchant vessel, Calumet, departed Essar Steel in...
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