DEME orders world’s most powerful cutter suction dredge

MARCH 1, 2017 — Belgium’s DEME Group has ordered a mega cutter suction dredge (CSD) from Royal IHC in the Netherlands featuring a combination of power, size and innovations that will see

Advice to box ship owners: Defer newbuild deliveries

MARCH 1, 2017 — The latest Container Insight Weekly from Drewry Shipping Consultants Ltd. says that newbuilding deferral offers the container industry a golden opportunity to smooth out the capacity peaks in

Vard books more orders, loses less

MARCH 1, 2017 — Fincantieri’s 69.67%-owned Vard subsidiary has reported fourth quarter and year end results for 2016. Among the highlights: a full year new order intake of NOK 10.6 billion (about

Eastern picks Rolls-Royce equipment for OPC program

FEBRUARY 28, 2017 — The U.S. Coast Guard’s new Offshore Patrol Cutters will feature an extensive range of Rolls-Royce equipment, including MTU marine generator sets. The Rolls-Royce equipment was selected by Eastern

Stena Line signs up for MAN online monitoring

FEBRUARY 28, 2017 — MAN Diesel & Turbo recently signed a contract with Stena Line to provide its online monitoring service to two ferries, the Stena Hollandica and Stena Britannica. Both are

Spurned again by DHT, Frontline goes bargain shopping

FEBRUARY 28, 2017 — John Fredriksen’s Frontline Ltd. (NYSE/OSE: FRO) today reported unaudited results for the quarter and year ended December 31, 2016. The company reported net income of $18.3 million, or

Schottel optimizes propulsion for Briese newbuilds

FEBRUARY 27, 2017 — Leek, Netherlands, headquartered Groot Ship Design has supplied the design and basic engineering package for a series of four next generation open top multipurpose vessels ordered from a

Bilden withdraws from SECNAV consideration

FEBRUARY 27, 2017—President Trump’s choice for the Secretary of the Navy, Philip Bilden, has withdrawn his name from consideration, according to media reports. As we previously reported, in nominating Bilden, a former

Shipping “solid contributor” to EU economy

FEBRUARY 27, 2017 — The EU shipping industry directly employed 640,000 people and supported a EUR 57 billion contribution to GDP in 2015. Adding supply chain and worker spending multiplier impacts, the

Global Xpress test shows platform’s speed potential

FEBRUARY 26, 2017 – Inmarsat reports a significant advance in the on-going development of its Global Xpress (GX) high-speed, global, mobile broadband platform. In conjunction with VT iDirect, Inmarsat’s strategic technology partner

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