Hyundai Heavy Industries Co., Ltd.

Philippine creditors are close to selling a strategically located but debt-laden shipyard north of the capital Manila, government officials said on Tuesday, with a North American company cited as being an investor in the deal.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in 2019 defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Talks with investors were almost complete, presidential spokesperson Harry Roque told a news conference.

Apply Now for the MN100

5 hours ago

The application period for this year’s MN100 edition is officially open and underway!Each year, Marine News magazine profiles 100 of the top firms in brown water, workboat space.Here's your chance to tell Marine News why your company is one of the best in the business. The selected 100 companies will be featured in the October edition of the largest BPA-audited b-to-b publication in this genre. OEMs, service providers, shipyards, operators and the full gamut of marine-related businesses are eligible. But, only those who apply will be considered for inclusion.Is your firm one of the best in your niche? Click here to get started. The deadline to apply is August 10, 2021.

Seaway 7 Books Siem Offshore Vessel for Seagreen Wind Farm Work

57 minutes ago

Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide walk-to-work services as part of the construction phase of the Seagreen offshore wind farm, in the UK North Sea, 27km offshore Scotland.Under the contract, the vessel will remain with Seaway 7 for a period of 300 days. This is the largest contract for a Siem OSCV since 2018. Seaway 7 will have extension options.

Transatlantic Journey: BC Ferries' New Hybrid Electric Ferry Reaches British Columbia (VIDEO)

an hour ago

BC Ferries’ new Island Class ferry arrived late last week in British Columbia, Canada, having departed Damen Shipyards Galati yard in Romania on May 19.The vessel, temporarily named Island 3, arrived under its own power, after a 64-day, approximately 10,700 nautical miles transatlantic journey. The Island Class are battery-equipped ships designed for future full electric operation. The ships are fitted with hybrid technology that bridges the gap until shore charging infrastructure and funding becomes available in B.C. From the exterior details to the engines, the design of the new vessels reduces underwater radiated noise, and lowers emissions.

Seanergy Takes Delivery of 2009-built Bulk Carrier. Secures Charter with NYK Line

3 hours ago

Seanergy Maritime Holdings Corp. has taken delivery of the M/V Friendship bulk carrier.The vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan. "The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date," the company said.Seanergy also said that the has been fixed on a time charter with Japan's NYK Line, which is an existing charterer of Seanergy. The charter is expected to commence immediately, upon finalization of the customary transition process and will have a term of a minimum of 17 to a maximum of 24 months from the delivery.