UK Club DVD stresses the importance of risk reduction

NOVEMBER 15, 2012 —  As part of its commitment to maintaining a vibrant loss prevention program, the UK P&I Club has produced a DVD that places a specific focus on the Bow

Shipham Valves launches new range of wafer check valves

NOVEMBER 15, 2012 — Hull, U.K., based Shipham Valves (a trading division of Wärtsilä Valves Ltd) has completed the development program for a new range of composite single plate wafer check valves,

Upper Lakes responds to criticisms of Davie sale

NOVEMBER 14, 2012 — Upper Lakes Group Inc. of Toronto, Ontario, today expressed its concerns over what it describes as “unsubstantiated allegations regarding the sale of its wholly-owned subsidiary Chantier Davie Canada

OSG gets a “D” from Standard & Poor’s

NOVEMBER 14, 2012 — Reacting to Overseas Shipholding Group Inc.’s voluntary Chapter 11 filing today (see earlier story) Standard & Poor’s lowered its long-term corporate credit rating on the tanker giant to

Kings Point names new deputy superintendent

NOVEMBER 14, 2012 —The U.S. Merchant Marine Academy, Kings Point, N.Y., has named retired Captain Susan L. Dunlap, U.S.N. (Ret.) as its new deputy superintendent. Captain Dunlap, a 28-year Navy veteran, will

BV classes world’s largest containership

NOVEMBER 14, 2012 — Bureau Veritas has classed the 16,000 TEU CMA CGM Marco Polo, currently the largest containership in the world. Built by Daewoo Shipbuilding and Marine Engineering in South Korea

BP Shipping to use Jeppesen VVOS on 52 vessels

NOVEMBER 14, 2012 —  BP Shipping has finalized a contract with Boeing subsidiary Jeppesen that will see the installation of Jeppesen’s Vessel and Voyage Optimization Solution (VVOS) on 52 BP vessels carrying

OSG files for Chapter 11

NOVEMBER 14, 2012 — Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) today filed voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the U.S. Bankruptcy Court for the District

Demand for high end subsea vessels is still high

NOVEMBER 14, 2012 — “Despite the soft market for some of our core products, STX OSV is still seeing a healthy level of project enquiries, especially in the offshore subsea construction vessel

CIT Group launches maritime finance business

NOVEMBER 13, 2012 — Svein Engh has been appointed Managing Director and Group Head of CIT Maritime Finance, a new business launched by CIT Group Inc. (NYSE: CIT) to originate and underwrite

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