Diana Containerships Inc. Announces the Delivery of Two Panamax Container Vessels and the Drawdown of US$75.5 Million

Diana Containerships Inc. (Nasdaq:DCIX), a global shipping company specializing in owning and operating containerships, today announced that the Company took delivery of two Panamax container vessels, m/v “Cap San Marco” and m/v “Cap San Raphael”, on Monday, February 6, 2012.

MHI to License Shipbuilding Technology to L&T Group of India

Mitsubishi Heavy Industries, Ltd. (MHI) has agreed with L&T Shipbuilding Limited (LTSB), the shipbuilding arm of India’s Larsen & Toubro Limited (L&T), under which MHI will provide a broad range of technological support to LTSB for construction of commercial vessels. The two companies will sign the technical collaboration agreement tomorrow. MHI has recently been proactively […]

GL Updates Rules for Inland Navigation Vessels

To ensure the continuing safety and promote the efficiency of inland waterway transport, Germanischer Lloyd

Damen Shipyards launches DAMEN.NL

As of November 1st, the new Damen website, www.damen.nl, has officially gone live. The site has been structured according to Damen’s 10 Product-Market Combinations and navigation has been designed to be fast, simple and user-friendly. The new website aims to personalize content, enable infosharing and enhance client interaction.

Rolls-Royce Wins First Order For Award-Winning Environship

Rolls-Royce, the global power systems company, has received its first order for vessels based on the Group’s award-winning, highly efficient, Environship concept. Rolls-Royce will design and provide integrated power and propulsion systems for two technologically advanced cargo vessels, which have been purchased by Norwegian transportation company, Nor Lines AS.

Wärtsilä opens new Services workshop in Helsinki

Wärtsilä, a global leader in complete lifecycle power solutions and services, opens new workshop facilities in Helsinki, Finland. The new facilities enable Wärtsilä to offer a wide range of workshop services with rapid response times. Operations in Helsinki began in the beginning of August 2011.

Kirby Corporation Completes Purchase of K-Sea Transportation Partners L.P.

Kirby Corporation (”Kirby”) (NYSE: KEX) announced today the completion of the acquisition of K-Sea Transportation Partners L.P. (”K-Sea”) (NYSE: KSP), with K-Sea becoming a wholly owned subsidiary of Kirby.  K- Sea is an operator of tank barges and tugboats participating in the coastwise transportation primarily of refined petroleum products in the […]

Mermaid’s Associate Asia Offshore Drilling Limited exercises first option for construction of newbuild jack-up drilling rig

Mermaid Maritime Public Company Limited (“Mermaid”) refers to its previous announcement concerning the USD 80 million private placement of new shares (“Private Placement”) by its associate Asia Offshore Drilling Limited (“AOD”) which will result in Mermaid and Seadrill Ltd. each having a 33.75% equal shareholding ownership in AOD.

Sustainable Marine Technologies (SMT) Reveals New Plat-O Project to Enable Tidal Marine Energy to Become Commercially Viable

Innovative integration engineering company Sustainable Marine Technologies (SMT) today (Tuesday 18 May 2011) reveals plans for PLAT-O, a major new project designed to help enable tidal and ocean current marine energy to become a commercial reality.

Sustainable Marine Technologies Nominated For International Tidal Energy Award

Monday, Nov 22, 2010
Sustainable Marine Technologies (SMT), the innovative company creating practical engineering solutions for the marine renewable energy industry, has been nominated for ‘Newcomer of the Year’ in the inaugural international tidal energy awards 2010.