BP Order 13 New Tankships

BP Plc confirms an order for 13 of the vessels, 2012’s largest tankship shipbuilding order. According to information obtained by Bloomberg the order, placed with Changwon, South Korea's STX Offshore & Shipbuilding…

Shipbuilding

Lehman Acquires IMECO

J.F. Lehman & Company investment affiliates acquire AMECO, provider of electro-mechanical solutions to the defense, aerospace and maritime sectors. IMECO, based in Iron Mountain, MI, is a leading independent domestic…

Technology

Thousand Ships Stuck in East China Sea Ice

Unusually thick sea ice on Laizhou Bay in east China's Shandong Province strands coastal ships. Zheng Dong, chief meteorologist at the Yantai Marine Environment Monitoring Center under the State Oceanic Administration…

People & Company News

Two Major Firms Join Sustainable Shipping Alliance

Major paint & coatings company AkzoNobe & Taiwan's U-Ming Marine Transport Corp's 44 ships join the Sustainable Shipping Initiative (SSI). The SSI is facilitated by global sustainability non-profit Forum for the Future…

People & Company News

HII Subsidiary AMSEC Wins US Navy Contract

Huntington Ingalls Industries' subsidiary AMSEC contracted to support submarine & surface ship new construction. AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy's Space and Naval Warfare Systems Command…

Contracts

Prospector Offshore Keeps its Options Open

Prospector Offshore Drilling agrees with two Chinese shipyards to extend options on 6 rig construction agreements. An agreement with Dalian Shipbuilding Industry Offshore Co. extends the expiry dates on three of its rig…

Contracts

Gulf of Thailand PSV Charter Fixed

Miclyn Express Offshore's Thai J/V has taken delivery of the PSV 'UM Supporter' from Poet Shipbuilding & Engineering. The vessel immediately entered into a 3 year firm contract, plus two 1 year extension options, to…

Contracts

FPSO Arrives at Petrobas Offshore Brazil Site

Floating Production Storage & Offloading (FPSO) vessel 'Cidade de Itajaí' arrives at the Santos Basin. Petrobras announce the FPSO's arrival at its definitive location to be integrated to the Baúna and Piracaba field…

Contracts

New Ship EEDI & All Ships SEEMP Now in Force

IMO inform that regulations to improve the energy efficiency of international shipping entered into force 1, January 2013. The EEDI is a non-prescriptive, performance-based mechanism that leaves the choice of…

Legal

Nam Cheong Sells PSV & Two AHTS

Nam Cheong, Malaysia’s largest Offshore Support Vessel (OSV) builder, ends year with record number of sales. Sales of the Platform Support Vessel (PSV) and the two Anchor Handling Towing Supply Vessels (AHTS) are worth a…

Shipbuilding

China Eximbank & CCS Ink Cooperation Agreement

The Export-Import Bank of China (Eximbank) joins hands with China Classification Society (CCS) to support the country's shipping industry. China Eximbank and CCS agree to conduct more cooperation in future on financing…

Contracts

STX Group Seeks 2013 Turnaround

Korea-based conglomorate STX saw tough times the past year due to severe cash shortage, but is seeking a turnaround in 2013 after offloading some assests. Market analysts have mixed views for STX. Some say that its bold…

People & Company News