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JUNE 6, 2013 — Jones Act containership operator Horizon Lines, Inc. (OTCQB: HRZL) has named William A. Hamlin Executive Vice President and Chief Operating Officer. Mr. Hamlin, who joined Horizon Lines in March 2011 as Senior Vice President of Operation, will continue to report to Sam Woodward , President and Chief Executive Officer. Hi ...

JUNE 6, 2013 — A "nose job" can maker older containerships look better in terms of fuel economy. DNV has gathered before and after operational-performance data that indicate that redesigning the bulbous bows of slow-steaming containerships can produce fuel savings of 5 percent or above. The "nose jobs" can have a payback time of less than a ...

JUNE 6, 2013 — Crowley Maritime Corp. has been honored with the Marine Environmental Business of the Year Award. Crowley's Gordon Brink, administrative assistant, harbor ship assist and tanker escort services, accepted the award on behalf of the company from the Port of Seattle's CEO Tay Yoshitani during the 62nd Annual Mar ...

JUNE 6, 2013 — Singapore's Jaya Holdings Limited has signed charter contracts for three of its four newbuild platform supply vessels (PSVs) well ahead of their shipyard delivery dates. The total value of these three contracts is more than US$60 million, including optional extension periods. The Jaya Group owns and operates mo ...

JUNE 6, 2013 — Chinese shipbuilders could soon be using German technology to take a lead in the production of LNG fueled containerships. Hamburg headquartered Technolog GmbH has sold China's SUMEC Marine Company Ltd. licenses for the manufacture of a family of LNG-fueled containerships with capacities ranging from 3 ...

JUNE 5, 2013 — Wärtsilä has further developed its dual fuel technology and introduced a more powerful version of its Wärtsilä 34DF engine that increases the efficiency in both liquid and gas operating modes and offers a power increase up to 500 kW per cylinder. This means that the 34DF now covers a power range from 2.9 MW ...

JUNE 5, 2013 — A DP3 drillship on order at the Jinhae, South Korea, shipyard of STX Offshore & Shipbuilding is to carry DNV's "Enhanced Reliability" and DYNPOS AUTRO notations. ABB has secured a contract covering electrical power and propulsion systems onboard the BT-UTS design drillship, which has been ordered by ...

JUNE 5, 2013 — According to an updated list of Title XI ship financing guarantee applications posted on the MARAD website, TOTE Shipholdings, Inc. has applied for a guarantee for $320 million in relation for the two LNG fueled containerships that it ordered from NASSCO last December ( ...

JUNE 4, 2013 — "These contract awards represent great value to the taxpayer and will ensure our warfighters have the ships and systems they need to prevail in any situation," said Secretary of the Navy Ray Mabus, commenting on the Navy's just announced multi-year procurement awards for nine DDG 51 destroyers ( ...

JUNE 4, 2013 — Moody's Investors Service assigned a first time corporate family rating (CFR) of B1 to HGIM Corp (Harvey), and a B1 rating to the company's proposed credit facility consisting of $250 million revolver and $750 million Term Loan B. Proceeds from the financing transaction will be used to refinance $534 milli ...