Arctic Shipping Future: ICS Sets Out Its Position

The International Chamber of Shipping (ICS), representing + 80% of the world merchant fleet, issues a new position paper on Arctic shipping. As the Arctic becomes more accessible, ICS has set out some key principles with…

Legal

Carnival Report Better Than Expected Financial Results

Carnival Corporation & plc reports fourth quarter and full year earnings 2012. Carnival Corporation & plc Chairman and CEO Micky Arison noted that fourth quarter earnings on a non-GAAP basis were better than anticipated…

Atwood Gets Jack-up Rig Contract Extension

An Atwood Oceanics, Inc. subsidiary awarded year's contract extension by Salamander Energy for the jackup 'Atwood Mako'. The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako…

Contracts

Fincantieri to Take Controlling Interest in STX Offshore

Fincantieri signs agreement for the acquisition from STX Europe of 50.75% of STX OSV, leading offshore vessel constructors. With 21 shipyards in 3 different continents, nearly 20,000 employees and revenues of Euro 4…

Shipbuilding

Huge Rudder for Container Vessel Delivered

Van der Velden Barkemeyer GmbH delivered a Timon rudder for MSC Athens, a containership built at Sungdong Shipbuilding & Marine Engineering in Korea for Greek company Costamare. The rudder covers an area of approximately…

Technology

Container Ship Sold by Greece's Goldenport

Container & dry bulk vessel operators, Goldenport Holdings, sells the 1993-built container vessel 'Bosporus'. The sale, to an unaffiliated third party, Liberty Resources Inc. of Nassau, Bahamas, was for a cash…

People & Company News

Maersk Ships to Have 'Nose Job'

Maersk Line to cut off some container ship bulbous bows as part of initiatives already implemented across its fleet to reduce fuel costs. Research carried out by Maersk Maritime Technology found that the bulbous hull…

Technology

Offshore Accommodation Rig Order for COSCO

COSCO Corp. (Singapore} subsidiary COSCO Qidong Offshore Co to build the accommodation rig for European joint venture company. The contract, valued at US$200-million.is for the construction of a harsh environment…

Contracts