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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…
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…
Power conversion specialist Converteam has shipped the first of two massive 75 tonne, 36 Megawatt generators designed specifically to match the electrical power requirement of the propulsion motors for the Royal Navy's Queen Elizabeth Class…
A sweeping series of management appointments at ABS, effective July 1, will position a new generation of executives that, says, the classification society "will help define the role and scope of class in the future."…
NYK Line's solar-power-assisted car carrier Auriga Leader (60,213 gross tons) will in June be used for shipboard tests of a newly developed hybrid power supply. The car carrier will also be fitted with a ballast-water…
Korea's Hyundai Heavy Industries (HHI) recently announced it was awarded a $600 million contract to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Dynagas Ltd., Athens, Greece. These…
Israel's Ofer Brothers Group and others "should have known" they were providing sanctionable goods or services to Iran, according to the U.S. Department of State. Secretary of State Hillary Rodham Clinton last week imposed the…
General Dynamics NASSCO shipyard in San Diego has received a $744 million modification to its Navy contract for the Mobile Landing Platform (MLP)  to fully fund construction of the first two ships of the new…
DNV has participated in a joint industry project to develop Ecore, a Very Large Ore Carrier concept designed to lower fuel costs and improve loading efficiency. Based on existing technology, the Ecore concept is said…
Harvey Gulf International Marine recently launched the first in a series of three Green 300 ft offshore support vessels at Eastern Shipbuilding. Panama City, Fla. It took the launch ceremony as the occasion to announce …
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