Telford Offshore increases fleet size with latest acquisition

Telford Offshore increases fleet size with latest acquisition

International offshore service company, Telford Offshore, has concluded a recent acquisition which has resulted in the almost tripling of the number of its offshore assets. The Dubai headquartered business has …
Feb 11, 2019 /  Vessels
StormGeo and DNV GL announce creation of new fleet performance management powerhouse

StormGeo and DNV GL announce creation of new fleet performance management powerhouse

StormGeo and DNV GL announced today that they have signed an agreement to consolidate their fleet performance solutions under one banner. The agreement will combine DNV GL’s ECO Insight and Navigator Insight …
Feb 7, 2019 /  Curious
Standard Drilling (SDSD): Fleet update and utilization for fourth quarter 2018

Standard Drilling (SDSD): Fleet update and utilization for fourth quarter 2018

Standard Supporter, one of five large platform supply vessels (PSVs) owned by Standard Drilling (SDSD), has on 21 January commenced on a 1 well contract, at levels well above operating cost. The contract length is …
Jan 22, 2019 /  All
Algoma Central Corporation Provides Update on Status of Fleet Renewal

Algoma Central Corporation Provides Update on Status of Fleet Renewal

Algoma Central Corporation (Algoma) (TSX: ALC), a leading provider of marine transportation services, Friday announced that it has received full refund of all instalment payments made in connection with the now-cancelled …
Jan 21, 2019 /  Curious
Seaspan to Increase its Pool of Unencumbered Assets to 32 Vessels

Seaspan to Increase its Pool of Unencumbered Assets to 32 Vessels

Seaspan Corporation (Seaspan) (NYSE: SSW) announced that it has prepaid a credit facility which was secured by eight of its vessels. Upon completion of the collateral release documentation in respect of this facility …
Jan 17, 2019 /  Vessels
Stena Line invests £5M in fleet upgrade

Stena Line invests £5M in fleet upgrade

Leading ferry company Stena Line has started work on a £5m refit programme of its local ferry fleet at Belfast’s Harland and Wolff shipyard. The 10-week upgrade schedule will see five Stena Line vessels dry …
Jan 11, 2019 /  Finance
Cammell Laird Shortlisted with UK Team for Fleet Solid Support Shipbuilding Project

Cammell Laird Shortlisted with UK Team for Fleet Solid Support Shipbuilding Project

Cammell Laird has been shortlisted as part of a syndicate of British firms, to compete to build three Fleet Solid Support ships for the UK Ministry of Defence. Defence Minister Stuart Andrew announced the shortlist …
Dec 3, 2018 /  Naval
Eagle Bulk Shipping Inc. Expands Fleet Scrubber Initiative

Eagle Bulk Shipping Inc. Expands Fleet Scrubber Initiative

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (Eagle Bulk) announced that is has exercised its options to purchase 15 additional exhaust gas cleaning systems (“scrubbers”) which are to be retrofitted on vessels …
Nov 20, 2018 /  Curious
Fleet Cleaner wins Maritime Innovation Award 2018 (Video)

Fleet Cleaner wins Maritime Innovation Award 2018 (Video)

At the Maritime Awards Gala organized in Amsterdam, The Netherlands on November 12th, Fleet Cleaner has been awarded with the prestigious Maritime Innovation Award 2018! The respected jury calls it a true maritime …
Nov 16, 2018 /  Curious
Kirby Corporation Signs Agreement To Purchase CGBM's Inland Tank Barge Fleet

Kirby Corporation Signs Agreement To Purchase CGBM's Inland Tank Barge Fleet

Kirby Corporation (Kirby) (NYSE: KEX) yesterday announced the signing of an agreement to acquire substantially all of CGBM 100, LLC's (CGBM) inland marine tank barge fleet for an undisclosed amount. Under the terms of …
Nov 13, 2018 /  Curious