The Finnish Defense Forces and shipbuilder Rauma Marine Constructions (RMC) have now signed a construction agreement for the Finnish Navy’s new Pohjanmaa-class corvettes. The agreement, valued at EUR 647.6 million (about $714
Today, the New York City Law Department announced the settlement of a lawsuit against Ballyhoo Media. According to the City, the company had repeatedly violated local laws by displaying Times Square-style billboards
The U.S. Navy and the nonpartisan Congressional Budget Office (CBO) seem to just count things differently. Inevitably, the CBO finds that the Navy lowballs the estimated costs of its shipbuilding plans. In
Moves to cut shipping’s emissions of global greenhouse gases (GHGs) continue to gain powerful support. Today, Cargill, Maersk Tankers and Mitsui & Co said they have established a strategic collaboration to accelerate
A company owned by a group of French banks has made a takeover offer for Bourbon Corporation. As we reported earlier, the offshore services giant sought restructuring protection from the Marseilles Commercial
MAN Energy Solutions has signed an MOU with Kongsberg that will see it investigate the possibility of using Kongsberg Digital’s data-infrastructure solution, Vessel Insight, to securely collect and transmit data using MAN
South Korean shipbuilder Samsung Heavy Industries (SHI) reports that it has won orders worth a total of $920 million from Taiwan’s Evergreen Marine Corporation for six large containerships with a capacity of
Nakilat (Qatar Gas Transport Company Ltd.) has paid $123 million in cash to take full ownership of four Q-Flex LNG carriers from joint-venture partner New York City headquartered International Seaways, Inc. (NYSE:
As the use of LNG as a marine fuel grows, demand for training for LNG bunkering vessel operators has been rising. Malaysia’s Kasi Group has responded by placing an order for an
Marcon International, Inc. of Coupeville, Wash., has recently brokered the sale of two U.S-flag tugs as the sellers,Crowley Maritime Services and Kirby Offshore Marine, continue to upgrade their fleets. Crowley Marine Services