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
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
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
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
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
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
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
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
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
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