Huntington Ingalls Industries (NYSE: HII) announced today that its Technical Solutions division was awarded a contract to provide engineering, technical, repair and logistical support to the U.S. Navy’s Coastal Riverine Forces. The five-year, fixed-fee contract has a value of $34 million if all options are exercised. Services for Coastal Riverine Groups One and Two include…
MacGregor, part of Cargotec, has secured orders from Hyundai Mipo Dockyard (HMD), in South Korea, to design and deliver complete hatch cover sets and container fixed fittings for eight 1,800 TEU container ships. MacGregor’s cargo system expertise will ensure that the vessels are equipped with efficient, optimised and safe cargo handling systems. The order is…
The “Floating LNG Power Vessel Market by Component (Power Generation System and Power Distribution System), Power Output (Up to 72 MW, 72 MW-400 MW, Above 400 MW), Vessel Type (Power Barge and Power Ship), and Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering. The floating LNG power vessel market is projected to reach USD…
Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services announced today the receipt of a $113 million base contract award on the Jacksonville Harbor Construction Dredging Contract ‘B’ 47-Foot Project. Great Lakes expects the U.S. Army Corps of Engineers…
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party. As part of the transaction, the Company will sell a 2016 Japanese built Ultramax dry bulk vessel, SBI Hermes, for a consideration…
The International Maritime Organization (IMO) observes 70 years since the Convention establishing the organization was adopted. This year’s theme is, “IMO 70: Our Heritage — Better Shipping for a Better Future.” In addition to commemorating the day, the National Maritime Policy Implementation Committee launches its website, ‘Maritime Matters’ www.bahamas.gov.bs/maritimematters The objective of the website is to…
The FCS 2710 builds on the success of its predecessor, Damen’s FCS 2610. The new design is upgraded to deliver more flexibility, more tank capacity, greater deck space, increased comfort and more accommodation. Damen has achieved much of this by increasing the length and height of the vessel above water by 1 metre. The increased height…
APL was named ‘Containership Operator of the Year’ at the Lloyd’s List Asia Pacific Awards 2018 last evening. The Award marks an acknowledgment of APL’s robust service network, commercial advancement, operational excellence and responsible environmental management. APL Chief Executive Officer, Nicolas Sartini said, “This Award is symbolic of APL’s pioneering spirit that has delivered excellence….
On 31 August, the All India’s 9th Maritime and Logistics Awards (MALA) was held in Mumbai. This premier event has carved a niche for itself as the definitive recognition of excellence in the Indian Maritime the Logistics sector. Höegh Autoliners was a proud recipient of the “Shipping Line of the Year – Ro Ro Operator”…
The technology group Wärtsilä’s hybrid power module, the innovative Wärtsilä HY, has been granted Approval in Principle (AIP) by ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries. This AIP follows another issued by ABS in 2017 for Wärtsilä’s hybrid propulsion tug designs. The Wärtsilä HY was developed…
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