Contracts
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MTU Engines First Choice for Emirates Boatbuilder
MTU distributor Al Masaood and Arabian yacht builder Gulf Craft sign preferred partner agreement. Under the agreement, the Arabian shipyard Gulf Craft will soon offer MTU Series 2000 and 4000 engines in its Majesty…
Wärtsilä Gains €25-million on Sato Sale
Wärtsilä Corporation has sold all of its 1.987.940 shares in housing investment company Sato Oyj. Wärtsilä will record a capital gain of approximately EUR 25 million on this sale. The tax on the capital gain is…
Hecules Offshore Buy KS Energy Liftboat 'Titan 2'
Hercules Offshore executes a definitive agreement to acquire the liftboat 'Titan 2' from a subsidiary of KS Energy Ltd. The purchase price is $42 million in cash. The Titan 2 is a 280 foot class vessel, constructed in…
Johnson Controls' Batteries to Power All-Electric Boat Motors
Johnson Controls, Inc. to produce Li-ion battery packs from its Holland, Mich. plant for Torqeedo's all-electric boat motors. Torqeedo, a German-based manufacturer, will use Johnson Controls' Li-ion automotive battery…
NATO Submarine Base to Become Rig Haven
Norwegian Ministry of Defense approves sale of Olavsvern naval base outside Tromsø. The sale is to the investor group Triko AS which includes Odfjell Drilling, PSW Rig Service and in cooperation with Petro Support Group…
General Dynamics Awarded Navy SUBSAFE Contract
General Dynamics Electric Boat awarded submarine safety and maintenance contract. The U.S. Navy has awarded General Dynamics Electric Boat a contract to perform submarine safety program (SUBSAFE) and intermediate…
Shipyards in NE England Buzzing with Activity
The month of January 2013 was again a very busy month for A&P Shipyards in the northeast of England. On the River Tyne there have been a number of dockings / undocking’s: Longstone (Andrew Weir Shipping) - undocked early…
