OCTOBER 21, 2014 — Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) reports that the Suez Canal Authority Chairman Mohab Mohamed Hussein Mamish has signed a $540 million contract with a consortium consisting of Great Lakes (25%) and Dredging International NV (75%) for Lot 6 of the Suez Canal widening and deepening project. The contract is valued at $540 million and is part of a larger project to expand global trade and strengthen the economy in Egypt.
OCTOBER 21, 2014 — Spanish shipbuilder Astilleros Amon has delivered the 30 m catamaran ferriers Macôco and Panguila to Instituto Marítimo e Portuário de Angola for operation by subsidiary TMA Express.
The two ferries are the first of five Incat Crowther designed vessels in an aggressive Angolan infrastructure-building project that also includes a pair of 36 m ferries that will shortly also be delivered from Astilleros Armon and a 20 m catamaran buoy workboat under construction
OCTOBER 21, 2014 — Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME) has concluded a licensing agreement with China's Changzhou Zhonghai Marine Propeller Co., Ltd. (CZZH) under which MHI-MME provides CZZH the manufacturing and marketing rights to its marine propellers. MHI-MME has previously licensed a variety of its marine machinery to Chinese companies — including two-stroke low-speed engines, marine auxiliary boilers, marine turbines and steering gears, but this agreement marks the first time the company
OCTOBER 21, 2014 — "The global offshore vessel market flattened in the third quarter as fewer offshore drilling rigs were utilized than anticipated, and as oil producing companies continued their focus on reducing costs," said Gulfmark Offshore (NYSE:GLF) President and CEO Quintin Kneen, as the company yesterday reported third quarter results that fell short of analysts' expectations. "These factors resulted in generally favorable, but slower than anticipated markets in the U.S. Gulf of Mexico and the
OCTOBER 20, 2014 — Houston headquartered LNG America has reached an agreement with Buffalo Marine Service, Inc. to cooperate on the design of an LNG bunker fuel network for the U. S. Gulf Coast region.
LNG America is developing a hub-and-spoke delivery system for LNG as fuel for the marine market and other high horsepower applications. Ultimately, LNG America intends to establish a robust delivery infrastructure to ensure the secure and safe delivery of LNG as
OCTOBER 20, 2014—Students and professionals at SUNY Maritime, Throggs Neck, NY, will now be able to train on the latest state-of-the-art tug & barge simulator, thanks to the generosity of Bouchard Transportation Co. Inc., Melville, NY.
Last week, SUNY Maritime President, Rear Admiral Michael A. Alfultis hosted a ribbon-cutting ceremony at Fort Schuyler on the SUNY Maritime campus, home to the new Bouchard Transportation Co., Inc. Tug & Barge Simulation Center.
OCTOBER 20, 2014 — Foss Maritime reported yesterday that its ocean-going tug, the Barbara Foss, was towing the 9,405 dwt Russian cargo vessel, Simushir, which lost power late Thursday night off the west coast of Haida Gwaii (formerly known as the Queen Charlotte Islands).
The Barbara Foss was traveling at 5.5 knots and was expected to arrive at the Port of Prince Rupert, B.C. with the Simushir in tow at approximately 10:00 p.m. Pacific Time
OCTOBER 20, 2014—The Virginia Department of Transportation (VDOT) recently awarded a contract to Alion Science and Technology to design a new 70-vehicle-capacity, double-ended ferry for service on the James River from Jamestown to Scotland, VA. The ferry would replace VDOT’s oldest boat, the 78-year-old Virginia.
According to Laurie Simmons, VDOT spokesperson for the Hampton Roads District , the new ferry is expected to be similar in design to the 1995-built Pocohontas, VDOT’s newest, largest capacity boat.
OCTOBER 20, 2014 — The Gijón shipyard of Spanish shipbuilder Astilleros Armon is to build a new 75 m stern trawler for Norwegian fishing company Ramoen. It will be built to Rolls-Royce type NVC 372 design and will carry out traditional fishing operations for whitefish and shrimps. It will be equipped for both bottom and pelagic trawl.
To achieve the best possible operating economy and environment-friendly profile, the vessel will have an optimized hybrid propulsion system