Breaking News

six-year-prison-term-handed-down-in-navy-bribery-case
December 03, 2016

Six year prison term handed down in Navy bribery case


DECEMBER 3, 2016 — Another hefty prison sentence has been handed down in the bribery case known in Navy circles as the "Fat Leonard affair." Former supervisory contracting officer Paul Simpkins, 62, of Haymarket, Virginia, was sentenced to 72...
wartsila-energoprofin-now-available-for-cpp
December 02, 2016

Wartsila EnergoProFin now available for CPP


DECEMBER 2, 2016 — Wärtsilä EnergoProFin is now available for controllable pitch propellers (CPP) as well as fixed pitch propellers (FPP). The specially designed propeller cap has hydrofoil-section fins on the downstream side of the propeller,...
osg-completes-spin-off-of-international-seaways
December 02, 2016

OSG completes spin-off of International Seaways


DECEMBER 2, 2016 —Tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) says that it has completed the previously announced separation of OSG into two independent, publicly traded companies: Overseas Shipholding Group and International...
uscg-issues-first-us-bwm-type-approval
December 02, 2016

USCG issues first U.S. BWM type approval


DECEMBER 2, 2016 — The U.S. Coast Guard today issued the first U.S. type-approval certificate for a ballast water management system. The Coast Guard Marine Safety Center issued the certificate to Optimarin after its application for U.S. type...
lcs-senate-panel-hears-contrasting-views
December 02, 2016

LCS: Senate panel hears contrasting views


DECEMBER 2, 2016 — Testimony given yesterday at a hearing before the Senate Armed Services Committee underscored continuing differences of opinion on the Navy's Littoral Combat Ship (LCS). Some of the sharpest criticism came in testimony from...
rolls-royce-to-shed-800-more-marine-jobs
December 02, 2016

Rolls-Royce to shed 800 more marine jobs


DECEMBER 2, 2016 — Rolls-Royce yesterday announced what it called "plans to accelerate the transformation of its marine business as a result of continuing weakness in the maritime market." Among other things, that translates into trimming the...
derecktor-to-build-hybrid-organic-food-transporter
December 01, 2016

Derecktor to build hybrid organic food transportation vessel


DECEMBER 1, 2016 — Derecktor Shipyards of Mamaroneck, NY, is to build its third hybrid vessel: a catamaran organic food transportation platform. It has teamed with Harbor Harvest of East Norwalk, CT, a food market that describes itself as...
pollution-princess-cruises-to-pay-record-criminal-penalty
December 01, 2016

Pollution: Princess Cruises to pay record criminal penalty


DECEMBER 1, 2016 —The Department of Justice reports that Princess Cruise Lines Ltd. has agreed to plead guilty to seven felony charges stemming from its deliberate pollution of the seas and intentional acts to cover it up. Princess will pay a...
james-murray-joins-gulfstream-shipbuilding
December 01, 2016

James Murray joins Gulfstream Shipbuilding


DECEMBER 1, 2016 — Gulfstream Shipbuilding, Freeport, FL, has added James Murray, a second generation boat builder and operator/owner, to its Sales Management Team. James Murray is the son of Jim Murray, who originally opened the shipyard 35...
conrad-holds-keel-laying-for-young-brothers-tugs
December 01, 2016

Conrad holds keel laying for Young Brothers tugs


DECEMBER 1, 2016 — Conrad Shipyard (OTC Pink Sheets: CNRD.PK) has held a keel laying ceremony for the four Kāpena Class tugs now under construction for Young Brothers, Limited of Hawaii. The 6,000 horsepower, 123 ft x 36.5 ft vessels are...

News from NASDAQ