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
Having emerged in recent years among Europe's top echelon of builders of RoRo vessels, Flensburger Schiffbau- Gesellschaft (FSG) has put down a newmarker for the industry by anticipating demand for a future generation of RoRo ferries incorporating a capacity for 6,000 lane-m of freight.
The responsibility of melding, developing and profitably leading one of the world's most prolific high-technology marine companies is, to say the least, a daunting task. Assuming the post with no marine industry experience would seemingly make the job all the more difficult.
With the completion of operations in the Persian Gulf, the ships of the Ready Reserve Fleet (RRF), which had supported the lift of material to the operations area, are returning and will need to be deactivated. This deactivation is critically important
South Korean bulk transport company Pan Ocean Shipping Co. Ltd. has begun a life extension program of its Cape-size bulk carrier and OBO fleet in response to a growing concern over the number of losses of this type vessel in recent years. One of the company's vessels,
Puerto Rico has won U.S. Farmers Home Administration approval of a $9-million loan which paves the way for immediate construction of the Island's first shipbuilding yard, to be located at a 68-acre site on Guanica Bay. This new venture into heavy industry
Rolls-Royce has launched a new series of tunnel and azimuth thrusters to cover marine applications. Tunnel thrusters will be sold under the Kamewa Ulstein name, and will cover powers from 200 to 3,700 kW. Azimuth thrusters will carry the Ulstein Aquamaster name,
Coal-fired steamships will be returning to the high seas, powered by Combustion Engineering marine boilers. C - E ' s l i c e n s e e in Italy, Franco Tosi S.p.A., has been awarded the world's first contract in 20 years for two coal-fired boilers by Italcantieri S.
The plans for the next generation of Carnival's cruise ships are being overseen by Ted Arison, retired chairman and head of the company's newbuilding program since founding Carnival 20 years ago. In the search for new designs for the 21st century, Mr.
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.