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Braemar Technical Services says it has signed a Memorandum of Understanding (MOU) with General Dynamics NASSCO to market a new, flat plate technology, LNG containment system developed by General Dynamics.The new containment system is a…
German travel group TUI AG is set  to further reduce its stake in containership operator Hapag-Lloyd. Currently TUI owns 38.4 percent of Hapag Lloyd, while 61.6 percent is owned by the Albert Ballin consortium (consisting…
Two leading South Korean shipbuilders announced big orders today related to Liquefied Natural Gas. Hyundai Heavy Industries, the world's biggest shipbuilder, today said that it had won orders worth $1.1 billion for four liquefied natural…
Elliott Bay Design Group (EBDG), Seattle, WA, recently won a contract to design a new 150 ft. steel ferry for the Beaver Island Transportation Authority. The 150-passenger, 24-vehicle ferry will be operated by the Beaver…
The U.S. Maritime Administration sees its funding further reduced under the Administration's 2013 Budget proposal. The President is requesting $344 million for FY 2013, compared with $365 million funded in 2011 and $349 enacted in…
The JHSV (Joint High Speed Vessel) program takes a hit under the FY 2013 Budget proposal sent to Congress by the White House today. At one time, the Navy was planning to acquire 23 of…
The Government of Canada has announced an Atlantic Shipbuilding Action Plan. The plan focuses on maximizing opportunities for firms across the Atlantic region to participate in the $33-billion federal shipbuilding initiative announced late last year.…
According to the UK P&I Club, Egypt has made changes to its regulations governing the carriage weapons and armed guards on foreign flagged vessels transiting Egyptian waters. The Egyptian Government forbids the presence of any…
The Financial Times is reporting that John Fredriksen "plans to invest hundreds of millions of dollars in new ships for his latest company, in defiance of market conditions"Mr. Frederiksen told the FT his new company…
Drydocks World reports that its Singapore shipyard has delivered two sister Anchor Handling Tug Supply Vessels (AHTS), Greatship Vidya and Greatship Vimla,, to India's Greatship Group. Greatships Vidya and Vimla are 9000 kW, 150 t…
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