FEBRUARY 8, 2017 — A.P. Møller – Mærsk A/S racked up an unwelcome distinction today, reporting the largest annual deficit ever posted by any Danish company. Although the group delivered an underlying
FEBRUARY 7, 2017— Hyundai Heavy Industries (HHI) recently held a ceremony to mark the production ceremony of the 5,000th propeller by its Ulsan, South Korea, factory. Measuring 10.6 meters in diameter and
FEBRUARY 7, 2017— Fincantieri Marine Group has submitted its proposal for the next generation of the U.S. Army landing craft, the Maneuver Support Vessel – Light (MSV-L). Fincantieri leads an industry team
FEBRUARY 7, 2017— Three new generation 85,000 dwt combination carriers under construction for Norwegian shipowner Torvald Klaveness at China’s Jiangsu New Yangzi Shipbuilding Co will be equipped with ABB’s Octopus marine software
FEBRUARY 7, 2017— Drewry Financial Research Services Ltd., the investment research arm of shipping consultancy Drewry, is launching a new credit research service. Through this extension to its established maritime equity research
FEBRUARY 7, 2017— Ultrapetrol (Bahamas) Limited and a number of its subsidiaries yesterday filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York yesterday. Ultrapetrol
FEBRUARY 7, 2017— GE’s Marine Solutions (NYSE: GE) newly launched SeaLyte vessel control and dynamic positioning (DP) system provides a structured and standardized package for customers with smaller vessels in the offshore
FEBRUARY 7, 2017—The world’s first nuclear-powered aircraft carrier, USS Enterprise (CVN 65), was decommissioned at a ceremony held in the ship’s hangar bay, Feb. 3, in Newport News, VA. During the “Big
FEBRUARY 6, 2017 — Tanker owner DHT Holdings, Inc. (NYSE: DHT) reports that its Board of Directors has unanimously rejected Frontline Ltd.’s (NYSE/OSE: FRO) unsolicited proposal to acquire all of the outstanding
FEBRUARY 6, 2017 — While new Iranian sanctions may well be in the works, Nobo Su’s TMT Group has just been issued a Finding of Violation in relation to the sanctions that