Safe Bulkers, Inc. Announces Acquisition of One Newbuild Kamsarmax-Class Drybulk Vessel

Safe Bulkers, Inc. (the “Company”) (NYSE:SB – News), an international provider of marine drybulk transportation services, announced today that it has entered into a shipbuilding contract for the construction of a Chinese-built, drybulk Kamsarmax-class vessel of approximately 82,000 deadweight tons at a contracted price of $34 million, with an expected delivery date in the fourth quarter of 2011.

Polarcus to Build Seismic Vessels at Ulstein

Polarcus, a leading provider of marine geophysical services, is building two seismic vessels of the new generation type SX134 at the Ulstein Verft shipyard. ULSTEIN has designed and built a number of state-of-the-art seismic vessels the past few years, and the contracts attest to the company’s leading role in designing and building seismic ships.

MAN Sets World Record

By achieving ATEX certification for a newly developed 18 MW high-speed electric motor, MAN Diesel & Turbo reached a crucial step in further enhancing its compressor technology for the worldwide Oil & Gas industry, extending the company’s lead in the field of hermetically-sealed motor-compressor units. The current step of development is a result of MAN…

Maersk Wins European Business Award 2010

Based on its environmental agenda, the A.P. Moller – Maersk Group won the “Environmental Awareness Award” Tuesday at an event in Paris. Maersk became one of 10 winners from a field of entrants that ranged from fish farming to renewable energy and light aircraft to skincare. Together, the entrants employ more than 3.5 million people…

Cargotec Service Certified by Lloyd’s Register

Cargotec’s Marine Service organisation has recently been assessed and certified as an Approved Service Supplier by classification societies Lloyd’s Register EMEA and Italian RINA (Registro Italiano Navale). “In practice, this means that shipowners and operators can be certain that inspections and repair services performed by Cargotec’s Marine Service are supplied in compliance with class and statutory requirements,” says Per-Olof Eliasson, director of Cargotec’s Marine Service operations. “This heralds a new era within our organisation.”