A.M. Best: P&I rates under pressure

MARCH 3, 2017 — Insurance rating agency A. M. Best says that underwriters in the marine protection and indemnity (P&I) sector have needed to exercise underwriting discipline for the February 2017 renewal

USCG aircrew rescue five from grounded tug

MARCH 3, 2017 — A Coast Guard Air Station Sitka MH-60T Jayhawk crew rescued five people aboard a tug that ran aground on the Mariposa Reef on the south side of Strait

Algoma and Nova plan short sea bulk partnership

MARCH 3, 2017 — Canada’s Algoma Central Corporation and Nova Marine Carriers SA of Lugano Switzerland say they are exploring an expanded partnership that is expected to lead to the creation of

VIDEO: Trump calls for “12 carrier Navy we need”

MARCH 2, 2017 — In a speech today aboard the aircraft carrier Gerald R. Ford (CVN 78) which is nearing completion at Huntingdon Ingalls Newport News Shipbuilding, President Donald Trump said that

Citywide Ferries hit the water

MARCH 2, 2017 — The first two passenger vessels built by Louisiana-based shipbuilder Metal Shark for New York’s new Citywide Ferry Service are now on the water, after being splashed at Metal

Langh Tech develops EGR water treatment system

MARCH 2, 2017 — Having established a firm position in the market for exhaust gas scrubbers, Finland’s Langh Tech Oy Ab is now expanding its water treatment technology to new areas. The

Fredriksen companies give DSME “trillion won” order

MARCH 2, 2017 — Daewoo Shipbuilding & Marine Engineering today announced that, on February 2, it had booked a shipbuilding contract worth a potential one trillion won (about $872 million) from unnamed

MHI-MME delivers 50th slow-steaming retrofit propeller

MARCH 2, 2017 — Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), has delivered its 50th retrofit propeller since 2013. The retrofit propellers are designed for slow steaming conditions where

Vard nets order for ultra modern pelagic trawler

MARCH 2, 2017 — Research Fishing Company Ltd., Lerwick, Shetland, has signed a contract with Vard Group AS for construction of an 80 m x 16.2 m pelagic trawler The contract value

Eagle Bulk in $153 million nine ship Ultramax deal

MARCH 1, 2017 — Stamford, CT, headquartered Eagle Bulk Shipping Inc. (Nasdaq: EGLE) says it has reached a definitive agreement to purchase a minimum of six, and up to nine, Crown-63 Ultramax

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