Latest News
May 22, 2012 — Using liquefied natural gas (LNG) as ship fuel is gaining more attention not only in Europe, but also in Asia and the U.S.A. Shipowners are currently facing a number of questions…
May 21, 2012 —Fairstar Heavy Transport N.V. (FAIR) has signed a $247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to satisfy the outstanding payment obligations to Guangzhou Shipbuilding…
May 21, 2012 —An unwanted anchor chain accoutrement is preventing a 31,883 dwt bulker from heading for the U.S. from Brazil with a cargo of pig iron. Actor and human rights activist Q'orianka Kilcher has…
May 21, 2012—Rolls-Royce is to supply propulsion equipment for three new ships commissioned by the Turkish Navy. Istanbul Shipyard will design and build one Submarine Rescue Mother Ship (MOSHIP) and two Rescue and Towing Ships…
MAY 21, 2012 — Offshore services giant Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2012, of $33.6 million, or $0.66 per common share, on revenues of $289.4…
MAY 21, 2012: The Justice Department reports that the former captain of a Panama-flagged cargo ship that discharged hundreds of plastic pipes into the ocean was last week convicted by a jury in Mobile, Ala.,…
MAY 20, 2012—Rolls-Royce has secured a £6 million contract to provide an integrated design, power & propulsion and equipment systems package for a 76.6 m offshore supply vessel (OSV) to be built at Norwegian shipyard…
MAY 20, 2012: Machinists Union members at Bath Iron Works  voted 1,610-342 to accept a four-year contract agreement to replace the one that expires today. BIW spokesman Jim DeMartini told The Times Record that the…
MAY 18, 2012—U.S. Rep. Frank LoBiondo (R-NJ) recently voiced his concern about the sustainability of the U.S. Coast Guard’s acquisition program and its ability to maintain its fleet of ships and aircraft in light of…
MAY 18, 2012—With Costa Concordia Emergency Commissioner Franco Gabrielli in attendance, Costa Crociere S.p.A. and Italo-American consortium Titan-Micoperi, the winner of the tender tasked with performing the work, presented their plan to remove the wreck…
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