Breaking News

October 30, 2014
Carnival Cruise's Cahill to retire
OCTOBER 30, 3014 – Gerry Cahill, president and CEO of Carnival Cruise Lines, announced today that he is retiring, effective November 30, after 20 years of service. Carnival Corporation said today that no replacement for Mr. Cahill is being...
October 30, 2014
North Sea fishing vessels to be Wärtsilä equipped
OCTOBER 30, 3014 – Two 78 m purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä main propulsion and control equipment. The ships have been contracted by Lunar Fishing, Peterhead,...
October 30, 2014
Red ink tide rises at Hyundai Heavy
OCTOBER 30, 3014 – The world's largest shipbuilder, South Korea's Hyundai Heavy Industries has reported a record quarterly operating loss of 1.93 trillion won ($1.83 billion). Though it expects to return to operating profit in the fourth...
October 30, 2014
Fincantieri inks agreement with Vittoria Shipyard
OCTOBER 30, 3014 – Shipbuilding giant Fincantieri has signed a cooperation arrangement with a somewhat smaller Italian player, Vittoria Shipyard. Based in Adria, about midway between Venice and Ravenna, the shipyard is located on the Canal...
October 29, 2014
Shipyard pays, whistleblowers collect
OCTOBER 29, 2014 — The U.S. Department of Justice says that North Florida Shipyards, Jacksonville, FL and its president, Matt Self, will pay $1 million to resolve allegations that they violated the False Claims Act by creating a front company,...
October 29, 2014
Canada buys replacement ferry for Bay of Fundy service
OCTOBER 29, 2014 — The Canadian Government has signed an agreement with Attica Holdings S.A. of Greece to acquire the RoPax ferry Blue Star Ithaki tfor a total cash consideration of EUR 31.2 million (about Canadian $44.6 million). It will...
October 29, 2014
Cruise ships calling Halifax can now plug in to shore power
OCTOBER 29, 2014 — A shoreside power system to allow cruise vessels to plug in when calling the Port of Halifax, Nova Scotia, Canada, is now complete and fully operational. Shore power is a highly effective way to reduce marine diesel air...
October 29, 2014
Electric Boat gets $83.7 mod to Ohio Replacement contract
OCTOBER 29, 2014 — General Dynamics Electric Boat Corp., Groton, CT, is being awarded an $83,797,108 cost-plus-fixed-fee modification to a previously awarded contract (N00024-13-C-2128) to manufacture tactical missile tubes to support the...
October 29, 2014
Former Semcorp Marine finance director jailed
OCTOBER 29, 2014 —  Sembcorp Marine Ltd. (SMM)’s former finance director Wee Sing Guan has been sentenced to 39 months in jail by a Singapore court after pleaded guilty to nine charges of defrauding the company in unauthorized...
October 29, 2014
Piracy trends down, but oil thefts continue
OCTOBER 29, 2014 — Though pirate attacks worldwide have fallen for the third consecutive year, small tanker hijacks by armed gangs are escalating in Southeast Asia, according to the latest piracy report from the International Maritime Bureau...

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