Pirates have kidnapped 19 crew members from a crude oil tanker off Nigeria in an area where acts of piracy are on the rise, an official with the ship's operator said on Thursday.The loaded vessel, the Nave Constellation, was attacked 77 nautical miles off Bonny Island on Tuesday and 18 Indians and one Turk from the crew were seized, the official said.
General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), was awarded a contract by the U.S. Navy worth up to $1.6 billion for the construction of the sixth and seventh ships of the Expeditionary Sea Base (ESB) program, as well as an option for ESB 8.The contract, announced by the Department of Defense today, provides $1.
A pigment package designed by the U.S. Naval Research Laboratory (NRL) to slow discoloration of the exterior coating on surface ships has started to make its way into the fleet and is producing early, positive results.NRL researchers created the pigment combination to satisfy the fleet requirement for the Navy standard "haze gray" paint that will remain color stable for longer than current
The international law firm Watson Farley & Williams (WFW) advised Bremen-based Breakbulk shipping line Zeaborn Group (ZEABORN) on its acquisition of Claus-Peter Offen Tankschiffreederei (CPO Tankers).ZEABORN acquired CPO Tankschiffreederei from the Offen Group, which specialises in the management of oil and product tankers.
As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly
CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds of which were used to refinance certain debt secured on the vessels.
Hoegh LNG on its first ever sale and leaseback deal with China Construction Bank Financial Leasing (CCBFL) for its tenth Floating Storage Regasification Unit (FSRU), the Hoegh Galleon, which was delivered yesterday (August 27) and has been taken back on charter by Hoegh LNG for twelve years.
Greek-Euro Towage Maritime Company (GMC), a joint venture company operated by Italian tug owners Rimorchiatori Mediterranei, Fratelli Neri and Rimorchiatori Laziali, is set to acquire 80% of the assets and operational interests in Zouros Group.Zouros retains the remaining 20% stake, with the two companies’ fleet of tugs to be brought together under their joint operational responsibility.
Teekay Offshore Partner, a marine energy transportation, storage & production company, has signed for a shipping export credit agency (ECA)-backed US$414m debt facility to fund four LNG-fuelled newbuild shuttle tankers.Watson Farley & Williams (WFW) is advising its long-standing client Teekay on this ECA-backed newbuild loan, noted a release.
As Maritime Partners LLC built out its modern fleet of new tank barges, quality coatings and responsiveness to last-minute color changes supported that fleet expansion. Sherwin-Williams was there to meet the challenge.The hulking silhouette of a tank barge is instantly recognizable to anyone who has spent time on the shores of an inland waterway in the United States.
Marittima Emiliana, a company owned by the Amoretti family’s Armatori Group, has placed an order for the 4,500 dwt tanker duo at Ningbo Xinle Shipbuilding, a Chinese shipyard specialising in small chemical construction.Watson Farley & Williams (WFW) advised Crédit Agricole Italia on two financings for Marittima Emiliana for the construction of the two chemical tankers.
Container shipping giant Mediterranean Shipping Company (MSC) has secured a USD 439 million financing to fit 86 exhaust gas cleaning system (EGCS) or scrubbers to its fleet.BNP Paribas (BNPP) was the co-ordinating bank and agent on the agreement, together with a syndicate of four other banks as lenders, said the law company Watson Farley & Williams (WFW).