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MAY 28, 2013 — Wärtsilä Yuchai Engine Co., Ltd, a joint venture owned 50/50 by Wärtsilä and Yuchai Marine Power Co. Ltd., today began construction of its new production facilities with a groundbreaking ceremony in…
MAY 28, 2013 — In another demonstration that depressed world shipbuilding prices can bring out the bargain hunters, Dole Food Company, Inc. (NYSE: DOLE) today announced that its Board of Directors has approved updating the…
MAY 28, 2013 — TY Offshore is to start a $9 million capital improvement plan after revamping its ownership structure and getting an equity investment from a private equity firm. Barge launch at TY Offshore…
MAY 28, 2013 — Claes Isacson (left), CEO of Gard, has reason to look cheery. The Norway based P&I Club today announced that its Board has decided to return $31 million to the mutual members…
MAY 28, 2013 — Royal Carribbean has assessed the damage caused by yesterday's fire aboard the Grandeur of the Seas (see earlier story) and has decided to cancel the remainder of the voyage, and the…
MAY 27, 2013 — John Fredriksen controlled dry bulk specialist Golden Ocean Group Limited reports that it has entered into an agreement to buy two ice class Panamax vessel resales built by Indian shipbuilder Pipavav…
MAY 27, 2013 — Royal Caribbean reports that on Monday, May 27, at approximately 2:50 a.m. ET, the cruise ship Grandeur of the Seas experienced a fire on the mooring area of deck 3. The…
MAY 27, 2013 — Singapore's Keppel FELS shipyard,  a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has delivered the KFELS Super B Class jack-up rig, Hakuryu-11, to Japan Drilling Company (JDC) on…
MAY 27, 2013 — Houston headquarterd Bisso Marine, LLC, a premier provider of energy and maritime support services, has acquired three offshore construction assets previously operated by New Orleans based International Offshore Services: the 800…
MAY 27, 2013 — Italy's Ministry Of Infrastructures and Transports has released its report on the safety technical investigation of the Costa Concordia disaster in January 2012. It concludes that "the human element is the…
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