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June 24, 2016

Positive results for The American Club

JUNE 24, 2016—On the cusp of celebrating its centennial in 2017, P&I insurer The American Club continues to prosper, reporting positive results for 2015 despite a challenging market at its annual meeting for members held in New York last...
June 24, 2016

Conrad ‘s new business unit aimed at LNG market

JUNE 24, 2016—Shipbuilder Conrad Shipyard, Morgan City, LA, has formed a new business unit focused on developing designs and building vessels for the Liquefied Natural Gas (LNG) market. As you might recall from our earlier reports, Conrad...
June 24, 2016

Gladding Hearn books another pilot boat order

JUNE 24, 2016 — Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, MA, reports that it has won an order from the Alabama Pilot, Inc., in Mobile, AL, for a Chesapeake Class pilot boat. Delivery is scheduled for mid-2017.With a length...
June 24, 2016

$2.9 million investment in B.C. shipbuilding training

JUNE 24, 2016 — The Dennis & Phyllis Washington Foundation, in conjunction with Seaspan, has announced a multi-year, multi-million dollar investment in the future of British Columbia's marine industrial sector. Totaling $2.9 million, it...
June 24, 2016

Largest MAN B&W ever powers 19,437 TEU box ship

JUNE 24, 2016 — The largest and most powerful engine ever from MAN Diesel & Turbo has entered service. Built by Doosan Engine in Korea and rated at 75,570 kW (103,000 horsepower), the engine is an MAN B&W 11G95ME-C9.5 two-stroke type...
June 24, 2016

UK Chamber of Shipping comments on Brexit

JUNE 24, 2016 — The UK Chamber of Shipping is calling for the establishment of a "Free Trade Commission" in the light of the result of the "Leave" victory in yesterday's referendum on British membership of the European Union. The UK Chamber of...
June 23, 2016

Austal to build 109 m high speed cat for Mols-Linien

JUNE 23, 2016 — Austal Limited (Austal) (ASX: ASB) has secured another significant order for its Henderson, Western Australia, shipyard. Worth about A$100 million (about US$74 million) the contract covers design and construction of a 109 m...
June 23, 2016

Former DoD official cops plea in Fat Leonard case

JUNE 23, 2016 — In the latest development in the massive bribery and fraud scandal known in Navy circles as the "Fat Leonard affair," a former Department of Defense (DoD) supervisory contracting officer, Paul Simpkins, 61, of Haymarket, VA,...
June 23, 2016

OSG to return to NYSE "Big Board"

JUNE 23, 2016 — Tanker giant Overseas Shipholding Group, Inc. (NYSE:OSG) says it has been approved by the New York Stock Exchange ("NYSE") to transfer its stock listing to the NYSE from the NYSE MKT. The company's common stock, which will...
June 23, 2016

Ulstein delivers X-Stern wind farm SOV

JUNE 23, 2016 — Bernard Schulte Offshore today took delivery of the first of two 88 m x 18 m wind farm service operation vessels ordered from Norway's Ulstein Verft in 2015. Built to Ulstein's SX175 design, they are the first built by the...

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