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red-ink-tide-rises-at-hyundai-heavy
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...
fincantieri-inks-cooperation-agreement-with-vittoria-shipyard
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...
whistleblowers-collect-as-shipyard-settles-false-claims-act-case
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,...
canada-buys-replacement-ferry-for-bay-of-fundy-service
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...
cruise-ships-calling-halifax-can-now-plug-in-to-shoreside-power
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...
electric-boat-gets-7-mod-to-ohio-replacement-contract
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...
former-semcorp-marine-finance-director-jailed
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...
piracy-trends-down-but-oil-thefts-continue
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...
adm-takes-delivery-of-bulker-with-air-lubed-hull
October 29, 2014
ADM takes delivery of bulker with air lubed hull
OCTOBER 29, 2014 — Agribusiness giant Archer Daniels Midland Company (ADM) has taken delivery of Harvey Frost, the first of three 95,000 dwt bulk carriers featuring an air lubricated hull. The newly delivered bulk carrier is the first of three...
wartsila-design-and-equipment-picked-for-ahosv-duo
October 29, 2014
Wärtsilä design and equipment picked for AHOSV duo
OCTOBER 29, 2014 — Two new 150 ton bollard pull anchor handling offshore support vessels (AHOSVs) being built at the Colombo Dockyard in Sri Lanka have been designed by Wärtsilä and will be powered by Wärtsilä integrated propulsion...

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