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November 20, 2014
Chouest, Island OCV newbuilds will be longer and wider
NOVEMBER 20, 2014 — Production is in full swing at Norway's Ulstein Verft on the first of the two giant SX165 design construction vessels ordered by Edison Chouest Offshore and Island Offshore through Island Ventures II LLC. Sections for the...
November 20, 2014
Shell launches new range of EALs
NOVEMBER 20, 2014 — Shell has launched a new range of Environmentally Acceptable Lubricants (EALs), including Shell Naturelle S4 Stern Tube Fluid 100. The Shell Naturelle range of products enables ships entering U.S .waters to comply with the...
November 20, 2014
Two shipyards face OSHA penalties
NOVEMBER 20, 2014 — Colonna's Shipyard, Inc., Norfolk, VA, and Austal USA LLC, Mobile, AL, have both been given citations by the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) and face penalties. OSHA says that...
November 20, 2014
Sewol operator CEO gets 10 year prison sentence
NOVEMBER 20, 2014 — South Korea's Gwangju District Court has imposed a 10 year prison sentence on Kim Han-Sik, CEO of Chonghaejin Marine Co., the operator of the ferry Sewol, which sank April 16 with the loss of more than 300 lives. Yonhap...
November 20, 2014
World's biggest box ship has world's biggest engine
NOVEMBER  20, 2014 — The world's largest containership, China Shipping Container Lines 19,000 TEU CSCL Globe (CSCL) is also noteworthy for being powered by what is, physically, the largest engine ever constructed – a low-speed MAN B&W...
November 19, 2014
Seaspan orders two LNG fueled ferries
NOVEMBER 19, 2014 — Seaspan Ferries Corporation (SFC), Delta, B.C., Canada, has awarded Sedef Shipyard of Istanbul, Turkey a contract for the construction of two new dual-fueled (diesel and liquefied natural gas) ferries. The 148.9 m ferries,...
November 19, 2014
Stena to operate 1,500 passenger ferry on methanol
NOVEMBER 19, 2014 — One of the world's biggest ferry companies, Sweden's Stena Line, says it is to become the first operator in the world to run a large 1,500 passenger ferry on methanol, drastically reducing emissions compared to today's...
November 19, 2014
Gulf Island to build third 8,000 bhp towboat
NOVEMBER 19, 2014 — Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today that, through its subsidiary Gulf Island Marine Fabricators, L.L.C., it has received notice to proceed with an option for the fabrication of a third 8,000 bhp...
November 19, 2014
CIT finances Blue Wall bulker acquisitions
NOVEMBER 19, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility supports the purchase of dry...
November 19, 2014
Idled rigs hinder Transocean's 2015 earnings
NOVEMBER 19, 2014—Equity research firm Cowen and Company says publicly traded offshore drilling contractor Transocean’s November Fleet Update Summary has “negative implications for the stock.” Traded on the New York Stock Exchange under the...

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