business

Marco Delivers Caterpillar-Powered North Pacific Freezer Longliner

The latest addition to the Alaska fishing fleet is a new, longer version of Marco Shipyard's successful North Pacific freezer longliner design. The 141-foot Lilli Ann, recently christened in Seattle, Wash., was designed and built by Marco for Deep Pacific Fishing Co.

 

Stolt-Nielsen Adds Two Inland Tankers; Acquires Comex Services

Purchase Forms World's Largest Subsea Contracting Group For Oil & Gas Industries The third and fourth in a series of five 2,100-dwt stainless steel chemical tanker for the transport of bulk liquids along the Rhine River and its tributaries have been delivered to Stolt Stinnes.

Teekay Enters LNG With Tapias Acquisition

Teekay Shipping Corporation has entered into a definitive agreement to acquire Naviera F. Tapias S.A.. a leading independent owner and operator of LNG carriers and crude oil tankers in Spain. Teekay has also entered into an agreement with the shareholders

Bath Iron Names Three Vice Presidents

Bath Iron Works (BIW), Bath, Maine, president John F. Sullivan recently announced the promotion of three of his department managers to vice presidents. Named were Royce A. Young Jr., vice president of production, Robert M. Smith, vice president of industrial and community relations,

Wider Remit for Dutch Matchmaker

Owned by its member shipyard companies, Groningen-based sales, marketing and design firm Conoship International (CI) encapsulates the spirit of the industry in the Netherlands' northernmost provinces, where the maritime cluster continues to demonstrate resilience and an ability to innovate.

Estonians Raise the Ferry Stakes

A stylish entrant to the rapidly-growing ferry traffic across the Gulf of Finland between Tallinn and Helsinki denotes the opening of a new chapter in the development of the Estonian fleet, and could also act as a spur to fresh investment by Nordic operators.

Global Ocean Carriers Considers U.S. Yards, Title XI For Fleet Expansion

Global Ocean Carriers Ltd. announced two fleet expansion projects are currently being considered, and that the company is evaluating the possibility of taking advantage of the Title XI financing available. The company reports it is contemplating ordering new container feeder vessels,

IMA To Publish Assessment Of Future U.S. Marine Market Growth —Commercial And Naval—

A 200+ page report providing the most comprehensive assessment yet made of the marine market will be published in December by International Maritime Associates, Inc. The report assesses the growth to occur in the future U.S. commercial marine and naval market.

Innovation on the Irish Sea

Nordic prowess in ferry technology, coupled with Irish business verve, is set to take the sector to a new highpoint as regards the concentration of wheeled freight capacity in a RoRo passenger vessel. Built in the cruise ferry mold, Irish Ferries' 50,

As Banks Step Down, Equipment Finance Companies Step Up

Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,

 
 
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