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Ardent, Vernicos, EPE Partner

Ardent, Vernicos, EPE have combined forces to form a partnership for future operations within Eastern Mediterranean and the adjacent waters Photo Ardent Global

Ardent, Vernicos Tugs and Salvage, a Greek-based tug & salvage service provider and Environmental Protection Engineering (EPE) a Greek-based Oil Spill Response provider, have formally partnered for future operations within Eastern Mediterranean and the adjacent waters. The three companies signed a

Radio Holland, Lars Thrane Team

LT-3100-System Photo Radio Holland Group, PR

Radio Holland Group and Lars Thrane A/S concluded a global distribution agreement for the LT-3100 Iridium system. As a ‘kick-off’, mid-March Peter Thrane (CEO & Co-founder) and Thomas Flinth (Sales Manager) visited the Rotterdam office of Radio Holland Netherlands for a sales presentation, a commercial and a technical training.

JPM shifts its Ballast

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

Revisiting its maritime stocks' coverage, JPMorgan downgrades Gaslog Ltd,, Navios Maritime Holdings Inc and Navios Maritime Midstream Partners to "underweight" from "neutral."   Broker raises tanker co DHT Holdings Inc to "overweight" from "neutral."   GLOG, NM, NAP down early Fri by ~5 pct, ~8 pct and ~3 pct, respectively.

Future Frigates: Naval Group Starts Equipment Acquisition

Image: Naval Group

Naval Group has started to select the first equipment suppliers for the five future intermediate-size frigates (FTI) intended for the French Ministry of Defense.   In the framework of the execution of the contract awarded by the French Defence Procurement Agency in April 2017, Naval Group initiated

Coal Carrier Enters Service for Okinawa Electric Power

The second-generation Shinryo Maru Photo NYK Group

A new coal carrier, Shinryo Maru, was delivered at Oshima Shipbuilding Co. Ltd. on March 9. The new coal carrier is the second ship to take the name Shinryo Maru. The first-generation vessel was delivered in 2003 and began transporting coal for OEPC 15 years ago. The new ship, which replaces the previous one,

Wilhelmsen Ship Management Pact with WestEast Marine

Photo: Wilhelmsen Ship Management

 Wilhelmsen Ship Management (WSM) has sealed a strategic newbuilding supervision partnership with WestEast Marine Consulting (WEM) to strengthen WSM’s newbuilding supervision offering.   Wilhelmsen Ship Management’s experienced newbuilding team will offer newbuilding supervision services to the mass

Diana Shipping TC Contract for New Orleans with SwissMarine

M/v New Orleans. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v New Orleans.  The gross charter rate is $21,000 per day, minus a 5 percent commission paid to third parties,

Qatari Coastguard Orders 9 More Newbuilds

(Photo: BMT)

Turkey’s ARES Shipyard and partner BMT have secured a new order from the Qatari Coastguard to produce nine additional patrol boats on top of the 17 vessels already ordered.   The new order, which was officially signed during DIMDEX (Doha International Maritime Defense Exhibition and Conference) last week,

Statoil Awards Askeladd Development Contracts

The LNG plant at Melkøya. (Photo Ole Jørgen Bratland Statoil)

Statoil is awarding a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development.  "The Askeladd project is being developed in a period of several key milestones for Statoil in North Norway. The Aasta Hansteen field in the Norwegian Sea will come on stream at the end of the year.

Saipem Buys Lewek Constellation Vessel

Lewek Constellation sets pipelay record-in-GoM Photo courtesy of  Saipem

Italian oil and gas contractor Saipem said it has reached a deal to purchase the pipelay, heavy lift and construction vessel Lewek Constellation for $275 million. The 2013-built DP3 rigid and flexible pipeline construction vessel had been previously owned by bankrupt EMAS Chiyoda Subsea.   Saipem

NOVATEK wins Payutskiy License, Gydan

Courtesy NOVATEK

PAO NOVATEK announced that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the bid for a geological survey, exploration and production license for the Payutskiy subsoil area.  The Payutskiy license area has estimated hydrocarbon resources of 354 million barrels of oil equivalent according

Naval Group Engages KBR in SEA1000 Project

Photo: Naval Group Australia

 Naval Group has formally signed a Design Services Subcontract (DSSC) with local engineering company, KBR, to assist with the concept design of the proposed Future Submarine (SEA1000) construction yard at the Osborne Naval Shipbuilding precinct in South Australia.   The submarine construction yard

Port of Leixoes Orders Pilot Boat from Safehaven

(Photo: Safehaven Marine)

 Irish boat builder Safehaven Marine said it has signed contracts with the Port of Leixoes in Portugal to supply a 48-foot pilot boat due for delivery in 2019.   The vessel will be the 15th Interceptor 48 Pilot supplied to ports worldwide and the builder’s 39th pilot boat overall.   The Interceptor 48 is 15 meters long overall, with a 4.

American Pride: Working Hard in the US Dredging Industry

World Marine of Alabama (WMA) completed work on a contract valued at over $14 million to drydock and repair the Dredge Wheeler, a hopper dredge owned and operated by the USACE. (Photo: WMA)

We have had a great first couple of months at the Dredging Contractors of America. As the new CEO and Executive Director, I have begun to visit the companies, their facilities and associated dredging projects. So far, I have surveyed the beach re-nourishment project in Ocean City, Md. undertaken by Great Lakes Dredge and Dock.

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