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
Maersk Durban (Jennifer Rickmers) is the series vessel adopting a new panamax length design of 964.7 ft. (294 m). Hanjin has developed and designed the vessel themselves, and have attracted orders 32 units, making it one of the most popular design in its class.
A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.
Swan Hunter Shipbuilders of Great Britain has delivered the RRS (Royal Research Ship) James Clark Ross to the Natural Environment Research Council (NERC). The 325-foot-long by 61.8-footbeam vessel is designed as a multirole ship, to be capable of operating safely in Polar waters,
—Literature Available Grow Group, Inc. has acquired the Napko Protective Coatings Division of the O'Brien Corporation, according to an announcement by Russell Banks, president and chief executive officer of Grow Group. Napko Corporation, with headquarters in Houston,
Scott Watterworth has been named vice president-operations for General Steamship Corporation, Ltd. of San Francisco. His new responsibilities will encompass overall management direction of full cargo vessel operations handled by the company's offices in California, Oregon, and Washington.
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
Algoma Central Railway of Sault Ste. Marie, the third largest Canadian Great Lakes operator, recently christened the 13th vessel in its fleet in honor of the town of Collingwood with the launching there of the M/V Algowood. Mrs. Douglas A. Berlis,
BSM Joint Venture of Houston, Texas announced the contract signing between its client, Global Industries, Ltd. of Lafayette, La. and Aker Gulf Marine of Ingleside, Texas, for construction of a variable draft SWATH Diving Support Vessel (DSV) designed by BSM Joint Venture.
One hundred seventy members and guests attended the spring meeting and social affair of the New England Section of The Society of Naval Architects and Marine Engineers at Blount Marine Corporation, Warren, R.I. Following a tour of the shipyard shipyard,