Wartsila, Convert Tanker to LNG Ops Sunday, 05 September 2010 11:01 Wartsila has signed a turnkey contract with Tarbit Shipping of Sweden to convert a product tanker to LNG propulsion, and to supply the ship with a Wartsila LNGPac system for the safe and convenient storage of LNG onboard. This is the first order for a Wartsila LNGPac system. The 25,000 dwt product tanker 'Bit Viking' is operated by Statoil along the Norwegian coastline, and the conversion will enable the vessel to qualify for lower NOX emission taxes under the Norwegian government's NOX fund scheme. Read more...

.Abu Dhabi Mar takeover of ThyssenKrupp shipyards approved by EC Sunday, 05 September 2010 10:31 The European Commission has given the go ahead for deal that will see some of the most iconic names in German shipbuilding come under the control of a company based in the United Arab Emirates. A proposed merger between Abu Dhabi Mar and ThyssenKrupp Marine System has been cleared by the \Commission under the EU Merger Regulations. The Commission concluded that the transaction would not significantly impede effective competition in the areas of civil and naval shipbuilding and repair in the European Economic Area (EEA) or any substantial part of it. Read more...   Drydocks World Builds Second 3-D Seismic Vessel Monday, 02 August 2010 21:33 Drydocks World – Dubai has built the seismic vessel NB65 for its client WesternGeco. A naming ceremony for the vessel, now called ‘WG Cook’ was held at the Dubai yard on July 1, 2010. The ultra modern high capacity 12-streamer 3-D seismic vessel is the second built at the yard for WesternGeco, a business segment of Schlumberger and one of the world's leading geophysical services company. Read more...   Danaos Corp. Cancels Three Newbuildings Sunday, 30 May 2010 18:36 Danaos Corporation (NYSE: DAC) announced that it has entered into an agreement with Hanjin Heavy Industries & Construction Co. Ltd. to cancel three 6,500 TEU newbuilding containerships, initially expected to be delivered in the first half of 2012. Read more...   Crude Carriers acquires 2 more tankers Thursday, 22 April 2010 05:27 Crude Carriers Corp. announced that it has agreed to acquire two modern sistership Suezmax-class oil tankers. Crude Carriers acquires two Suezmax tankers and expands its revolving credit facility. Crude Carriers Corp. yesterday announced that it has agreed to acquire two modern sistership Suezmax-class oil tankers, the M/T Amoureux (150,393 dwt) and the M/T Aias (150,096 dwt) from unrelated third parties, for a total purchase price of $66.2 million per vessel. Read more...

More Articles... Frontline Ltd. announce the acquisition of two double hull VLCC tanker The M/T Alexander the Great Delivery of Crude Carriers VLCC STENA BULK ADD TWO NEW SUEZMAX TO THE SONANGOL POOL WAITING FOR THEIR FIRST NEWBUILDING TO ARRIVE Wartsila 32 engines for a Polar Supply and Research Vessel

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