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Stena Bulk Becomes Majority Shareholder in Golden Stena Baycrest

Tanker shipping company Stena Bulk announced it has acquired an additional shareholding in Golden Stena Baycrest Tankers (GSB) from Bay Crest, becoming the majority shareholder in the joint venture. Following the transaction,

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Nam Cheong Sells 3,000 DWT Platform Support Vessel for $19.8m

Nam Cheong Limited, one of Southeast Asia’s leading Offshore Support Vessel (OSV) providers based in Sarawak, Malaysia, has announced that the Group has entered into a sales agreement with an Indonesian customer

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BIO-UV Group, Microwise to Tackle Port-Side Ballast Water Treatment

BIO-UV Group has announced a strategic partnership with water-monitoring specialist MicroWISE to develop new ballast-water treatment and verification solutions designed to address rising enforcement pressures and the anticipated growth of port…

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Fincantieri Launches Italian Navy’s Hydro-Oceanographic Ship

Fincantieri has launched Italian Navy’s newly built hydro-oceanographic ship (N.I.O.M.) Quirinale at its integrated shipyard in Riva Trigoso, marking a milestone in Italy’s maritime research and monitoring capabilities.The vessel, designated N.I.O.M.

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Golden Energy Sells Two Offshore Support Vessels

Norwegian vessel owner and operator Golden Energy Offshore Services has signed binding agreements to sell two offshore support vessels for a combined gross price of about $57.25 million, completing a previously announced

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Stolt-Nielsen Looks for Partner in LNG Venture

Stolt-Nielsen, through its subsidiary Stolt-Nielsen Gas, has confirmed it is in discussions with a strategic buyer, regarding the potential sale of up to 50% of its interest in Avenir LNG.Avenir LNG is

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Ship Recycling Industry Playing “Musical Chairs”

Indian sub-continent ship recycling markets have been reflecting on what has been escalating on the international stage of late, reports cash buyer GMS. The company notes extremely turbulent effects emanating week after

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HII Names Daniel Marks Vice President of Contracts and Pricing at Ingalls Shipbuilding

HII announced that Daniel Marks has been appointed vice president of contracts and pricing at its Ingalls Shipbuilding division. Marks succeeds Stephen Fitts, who has been appointed vice president of supply chain

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Denmark, Germany Agree to Proceed with Bornholm Energy Island Wind Project

Denmark's Prime Minister Mette Frederiksen said on Monday that her country has agreed with Germany to jointly proceed with the Bornholm Energy Island, a large offshore wind project.Frederiksen was speaking at a press conference at an energy conference