SEACOR Marine Expands Fleet in Share Transaction

SEACOR Marine Expands Fleet in Share Transaction

SEACOR Marine Holdings Inc. (NYSE: SMHI) (SEACOR Marine) Thursday announced the acquisition of three Fast Support Vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic …
Jan 11, 2019 /  Vessels
Aker Arctic delivers bronze propellers for ice operations

Aker Arctic delivers bronze propellers for ice operations

Bronze has been the preferred material for open water and low ice class ship propellers for decades. Few years ago, Aker Arctic began investigating the possibility of using it also in high ice class vessels. In November …
Dec 29, 2018 /  Curious
DOF awarded a contract by Ithaca for the vessel Skandi Barra

DOF awarded a contract by Ithaca for the vessel Skandi Barra

Norwegian supply shipping company DOF has been awarded a contract by Ithaca for one of its platform supply vessels (PSVs). Caption: Offshore Tug/Supply Ship Skandi Barra - Image courtesy of captom   DOF …
Dec 29, 2018 /  Vessels
Swissco Sells Vessels to Allianz Middle East

Swissco Sells Vessels to Allianz Middle East

Singapore’s Swissco Holdings, currently under judicial management, announced that it is disposing of a substantial part of its offshore support vessels division, which is expected to help reduce the group's …
Dec 10, 2018 /  Curious
Jan De Nul wins another award for innovation and sustainability

Jan De Nul wins another award for innovation and sustainability

Prestigious Environment Award for its newest Ultra-Low Emission Vessels Jan De Nul Group pockets another award for its sustainable and innovative approach. Lloyd’s List, a world leading online source of maritime …
Dec 5, 2018 /  Vessels
What Are the Crucial Parts of a Modern Day Sea Vessel?

What Are the Crucial Parts of a Modern Day Sea Vessel?

Ships have been used for aeons to cross the vast watery expanse which makes up most of the planet we call home. Starting of as small, light, wooden craft, they have gradually grown and morphed into the giant masterpieces …
Dec 4, 2018 /  Curious
Rolls-Royce to supply MTU generator sets for refurbishment of UK Type 45 naval vessels

Rolls-Royce to supply MTU generator sets for refurbishment of UK Type 45 naval vessels

8 MTU gensets to replace existing diesel gensets for electricity supplies to main propulsion and on-board consumers Rolls-Royce is to supply 18 MTU Series 4000 diesel generator sets to BAE Systems as part of the Power …
Nov 26, 2018 /  Naval
Seaspan to Increase its Pool of Unencumbered Assets to 24 Vessels

Seaspan to Increase its Pool of Unencumbered Assets to 24 Vessels

Seaspan Corporation (Seaspan) (NYSE: SSW) announced that it has prepaid a credit facility which was secured by six of its vessels. Upon completion of the collateral release documentation, this will expand Seaspan's …
Nov 26, 2018 /  Curious
Standard Drilling increases ownership in four mid-size PSV

Standard Drilling increases ownership in four mid-size PSV

S.D. Standard Drilling Plc (SDSD) has entered into an agreement to acquire  2,673,749 shares in New World Supply Ltd. (NWS), corresponding to approximately 8.23% of the total outstanding shares in NWS. Prior to the …
Nov 23, 2018 /  Vessels
Cosco Shipping Specialized Carriers order pulp vessels

Cosco Shipping Specialized Carriers order pulp vessels

Cosco Shipping Specialized Carriers has signed an agreement with Cosco Shipping Heavy Industry for the construction of up to nine multi-purpose, 62 000 DWT pulp carriers. Caption: COSCO' General cargo ship Da Kang - …
Nov 21, 2018 /  Vessels