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Celebrity Cruises' new Celebrity Silhouette has been floated out from Meyer Werft's covered shipbuilding facility in Papenburg, Germany, where numerous area residents lined up to be among the first to see the fourth in Celebrity's  five-ship Solstice Class fleet.Celebrity Silhouette is scheduled to make its Ems river passage from the shipyard under tow to Eemshave ...

Aker Philadelphia Shipyard, Inc., the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), has entered into a loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a construction loan facility and contingent floor plan loan facility totaling $80 million. Under the agreement, Cat Financial will fund up to $40 million per s ...

Harley Marine Services (HMS) has been awarded the 2011 Marine Environmental Business of the Year for environmental initiatives by the Port of Seattle and Seattle Propeller Club. The award was presented at last month's Seattle Maritime Festival Luncheon held onboard Holland America Line’s Zaandam at Smith Cove Terminal. Deborah Franco, Vice President of HR, QSE and Administration accepte ...

Carnival Corporation & plc's Seabourn cruise brand took delivery of the new 450-guest Seabourn Quest yesterday at the T. Mariotti shipyard in Genoa, Italy. The intimate, all-suite ship is the third vessel constructed by Mariotti for Seabourn’s fleet, completing a three-year expansion that increased the ultra-luxury line’s capacity by more than 200 percent ...

MTU Detroit Diesel Inc. today announced a name change to Tognum America Inc., effective June 1, 2011.  Tognum America, like MTU Detroit Diesel before, is a subsidiary of the Germany-based Tognum Group and is responsible for the sales and service of MTU engines and MTU onsite energy distributed energy systems in North and Latin America. Tognum America has offices in Detroit, Houston, ...

MAN Diesel & Turbo is adding more bore sizes to its ultra-long-stroke engine program. The updated program supplements the G80ME-C9 engine, introduced in October 2010, with G70ME-C9, G60 ME-C9 and G50ME-B9 engines.The G-types have designs that follow the principles of the large-bore Mk-9 engine series that MAN Diesel & Turbo introduced in 2006. Their longer stroke red ...

Hyundai Heavy Industries reports that it has won a $1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc. The contract, signed yesterday by Mr. Kim Oi-hyun, senior executive vice president & CEO of Hyundai Heavy and Mr. W. Matt Ralls, President and Chief Executive Officer of Rowan Companies Inc. also includes an option exercisable by ...

The U.K. continues to be a key growth market for Carnival Corporation declared Chairman & CEO Micky Arison as the cruise giant revealed that it has contracted with shipbuilder Fincantieri to construct the largest cruise ship built specifically for the British market -- a 141,000-ton, 3,611 passenger vessel for its P&O Cruises brand.The as-yet-unnamed ship will be built ...

Horizon Lines, Inc. (NYSE: HRZ) says that the New York Stock Exchange (NYSE) has notified the company that it has fallen below the NYSE's continued listing standards related to minimum market capitalization in combination with stockholders' equity.The U.S. flag containership operator is considered below continued listing criteria established by the NYSE because the ...

NYSE listed DHT Holdings, Inc. is to offer to acquire all of the shares of Oslo Axess listed Saga Tankers ASA ("Saga"). The Board of Directors of Saga has agreed to recommend the DHT offer to its shareholders.The boards of the two companies have entered into an agreement that will see DHT  put forward a recommended voluntary exchange offer pursuant to the Norwegian Securities Tr ...