Pakistan to develop new modern shipyard [Shipbuilding]
The Pakistan government has recently announced its plan to develop Gwadar Shipyard to meet increasing domestic needs for merchant ships. According to foreign presses and industrial sources, the plan on a fast-track basis does not only aim to m...
2017-08-03 07:02:44
Seaspan announces leadership transition [General]
Seaspan Corporation (NYSE: SSW) announced on July 30 that Gerry Wang, its Chief Executive Officer, Co-Chairman and Co-Founder, will retire from Seaspan effective December 31, 2017 to focus on family business investments and his ongoing charitable...
2017-08-02 07:41:22
OTS supports cable transport [Equipment]
Following the letter of intent in May, Oceanteam Solutions (OTS) has recently signed a contract with a European cable manufacturer regarding the supply of a transport vessel, turntable and auxiliary equipment for the transport of cables from Sout...
2017-08-02 07:37:04
DeepOcean takes out Searov Offshore [Offshore]
DeepOcean announced on July 30 that the company has acquired French company Searov Offshore SAS and has expanded its presence in West Africa. Searov, established in 2008, is an agile and cost effective ROV service provider with a strong focus ...
2017-08-02 07:34:27
d’Amico buys tanker built at HMD [Shipbuilding]
d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the “Company” or “DIS”) announced on July 31 that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”) signed a memorandum of agreement and bare...
2017-08-02 07:32:45
DMCA holds workshop on Smart Survey Simulator [Equipment]
The Dubai Maritime City Authority (DMCA) recently held a workshop on the use of the Smart Survey Simulator, an advanced training solution for vessel survey inspections, in cooperation with Norway-based international classification society DNV GL....
2017-08-02 07:29:00
Marine Technics wins navigational equipment [Equipment]
“Marine Technics” and FSUE “Atomflot” have signed the contract for supplying navigational equipment (gyrocompasses) for nuclear-powered icebreakers “50 let Pobedy” and “Vaygach”. At the end of June MT supplied to the customer t...
2017-08-02 07:27:02
Sanoyas turns to black in Apr-Jun [Finance]
Sanoyas Holdings has recently released its business results for the first quarter of financial year (FY) 2017 (April-June, 2017).  During the three months, the Japanese shipbuilder posted revenue of JPY 11.974bn (approximately $187m), up ...
2017-08-02 07:24:23
DSME's public offering to be started [Finance]
Daewoo Shipbuilding & Marine Engineering will offer stocks for public subscription for a debt-for-equity swap.  After the Supreme Court of Korea rejected an individual bondholder's suit against the debt rescheduling program drawn up b...
2017-08-02 07:22:40
MHI won a single order in 1Q [Finance]
Japan's Mitsubishi Heavy Industries (MHI) recently announced its earnings for the first quarter of fiscal year 2017 (April-June 2017). MHI recorded new orders worth a total of JPY 698.1bn (about $6.3bn) during the same period, showing a decrea...
2017-08-02 07:21:44
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