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July 01, 2016

Tallink christens LNG fueled ferry at Meyer Turku

JULY 1, 2016 — Estonia's Tallink Grupp today christened its LNG-fueled fast ferry Megastar in a ceremony at the Meyer Turku shipyard in Finland. The ship was christened by former president of Finland Tarja Halonen. Tallink Grupp CEO Janek...
July 01, 2016

Latest Red Funnel cat completes sea trials

JULY 1, 2016 — The latest addition to the U.K.'s Red Funnel ferry fleet, Red Jet 6, successfully completed it first sea trials last month and will go into service in July between the Isle of Wight and the U.K. mainland. The high-speed...
July 01, 2016

More panamax containerships head for demolition

JULY 1, 2016 — Does the opening of the Panama Canal to larger neopanamax vessels sound the death knell for the panamax containership? Copenhagen headquartered BIMCO, the world's largest international shipping association, reports that...
July 01, 2016

Danish Shipowners Association launches CO2 emissions study

JULY 1, 2016  — The Danish Shipowners' Association supports global efforts to reduce CO2 emissions from shipping and Danish shipping companies are already undertaking a number of initiatives to limit these emissions.  However, when it comes to...
July 01, 2016

Senate confirms three as Federal Maritime Commissioners

JULY 1, 2016  —The United States Senate has confirmed the nominations of three individuals to serve as Federal Maritime Commissioners. Rebecca F. Dye and Michael A. Khouri, both of whom currently serve as Commissioners, were renominated by the...
June 30, 2016

Ingalls and NASSCO each land major Navy contracts

JUNE 30, 2016 — The Navy announced two significant shipbuilding contracts today, each potentially worth more than $3 billion. Huntington Ingalls Inc., Ingalls Shipbuilding Division, Pascagoula, MS, is being awarded a $272,467,161...
June 30, 2016

Damen signs MOU with Australian shipyard

JUNE 30, 2016 — Damen Shipyards Group and Rozelle, NSW, Australia, based Sydney City Marine have signed a Memorandum of Understanding (MOU) outlining the future cooperation of the two companies on the repair and maintenance of Damen-built...
June 30, 2016

Wartsila acquires Eniram in deal valued at EUR 43 million

JUNE 30, 2016 —  Wärtsilä today signed an agreement to acquire Eniram, a Finnish-based technology company providing the marine industry with energy management and analytics solutions. The deal is valued at EUR 43 million (enterprise value)....
June 30, 2016

Austal halts trading in its shares

JUNE 30, 2016 —  According to an Australian Securities Exchange  (ASX) announcement, the securities of Austal Limited have been placed in Trading Halt Session State at the request of the company, pending the release of an announcement by the...
June 30, 2016

Paris MOU countries banned fewer ships last year

JUNE 30, 2016 — In its latest annual report, the Paris MOU on Port State Control reports that 2015 saw a large decrease in refusals of access ("bans") within the region: 11 bans compared to 20 in 2014. '= The detention percentage, however,...

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