GAO reports on Abandoned and Distressed Vessels

MARCH 28, 2017 — The GAO has published a report reviewing the actions federal and state agencies have taken to address abandoned and distressed vessels (ADVs) in U.S. waterways. ADVs can block

Carnival reports strong first quarter

MARCH 28, 2017 — “We are off to a good start delivering another quarter of operational improvement on top of a very strong first quarter last year,” said Carnival Corporation & plc

ABS meetings discuss sulfur cap and EU MRV regs

MARCH 28, 2017 Classification society ABS this month held its annual national and regional committee meetings in London, Copenhagen and Hamburg — and air emission requirements, including the impending 2020 sulfur cap and

Caustic soda spill leads to costly deck damage

MARCH 28, 2017 — The USCG Headquarters Office of Investigations and Casualty Analysis has issued a “lessons learned” circular on the hazards of chemical spills. Earlier this year several Coast Guard marine

Tidewater: Business as usual as waiver expires

MARCH 28, 2017 — Offshore service vessel provider Tidewater Inc. (NYSE: TDW) announced today that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms

Economou’s Ocean Rig files for bankruptcy

MARCH 28, 2017 — Deepwater drilling company Ocean Rig UDW Inc. (NASDAQ:ORIG) and various subsidiaries have entered into a restructuring support agreement with creditors and have presented winding up petitions in the

MARAD advisory warns of Yemen risks to U.S.-flag ships

MARCH 28, 2017 — The U.S. Maritime Administration has issued an advisory warning that continued regional tensions in Yemen have increased the risks to U.S.-flagged commercial vessels transiting the Southern Red Sea.

Inmarsat and Blue Maritime Cluster talk digital disruption

MARCH 28, 2017 — Over twenty partners in Norway’s Blue Maritime Cluster joined senior Inmarsat management for a digital disruption workshop in Ålesund, Norway, on March 21, to explore Inmarsat’s future bandwidth

Kobe Steel puts turbocharger waste heat to work

MARCH 28, 2017 — Kobe Steel, Ltd. plans to start marketing a new binary cycle power generation system for ships. It says the new system is the first in the world to

DryShips to buy four Newcastlemax bulkers

MARCH 27, 2017 – DryShips Inc. (NASDAQ: DRYS) said today that it has entered into agreements with unaffiliated third parties to acquire four modern Newcastlemax bulk carriers of approximately 206,000 dwt and

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