Dutch marine services and towage firm KOTUG has closed the acquisition of Seaways, first announced in April. The fee was not disclosed."The acquisition of Seaways brings together the assets, expertise and people of two leading companies that…

Tug boats refloated an oil tanker that was briefly stranded in Egypt's Suez Canal late on Wednesday due to a technical fault with its rudder, the Suez Canal Authority (SCA) said.The vessel, Affinity V, had been blocking the southern section of the canal, two navigational sources said, but SCA source

Fincantieri Marinette Marine announced on Wednesday that it has officially started construction on the U.S. Navy’s first Constellation-class guided missile frigate in Northeast Wisconsin.The future USS Constellation moved into the next stage…

Wärtsilä said it will supply the engines, waterjets and fuel storage and supply system for a new high speed catamaran ferry. The vessel is being built at the Incat yard in Tasmania, Australia on behalf of Argentinian ferry operator, Buquebus.