Genting Hong Kong issues profit warning

JANUARY 24, 2017 — Genting Hong Kong has mostly been in the headlines lately as it unveiled ambitious plans to build new vessels for its various cruise brand at its newly created

OSG and Itkin agree tax case settlements with SEC

JANUARY 23, 2017 — The Securities and Exchange Commission today charged tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) and its former chief financial officer Myles R. Itkin with failing to recognize

Romanian shipyard to add advanced panel line

JANUARY 23, 2016 — Loimaa, Finland, based welding and production automation specialist Pemamek has signed an agreement to deliver a thin plate panel line to Fincantieri subsidiary Vard’s Tulcea, Romania, shipyard. The

Stackley now acting Secretary of the Navy

JANUARY 21, 2017 — Sean J. Stackley assumed the responsibilities of acting secretary of the Navy at noon yesterday. Stackley is a more than familiar figure to shipbuilders, having served as the

Carnival orders two more at Fincantieri

JANUARY 19, 2017 – Carnival Corporation & plc reports that it has signed a memorandum of agreement with Italian shipbuilder Fincantieri S.p.A. to build two new cruise ships with final contracts expected

U.K.’s River Class OPVs to have Servowatch IPMS

JANUARY 19, 2017 — The five River-class Offshore Patrol Vessels (OPVs) to be built by BAE Systems Naval Ships for the U.K. Royal Navy will be equipped with Integrated Platform Management Systems

Migrant rescue boats to have MTU engines

JANUARY 19, 2017 — Rolls-Royce will supply MTU diesel engines for six new search and rescue vessels to be built by Damen Shipyards and operated by the Turkish Coastguard. Damen Shipyards is

Tanker to be converted to FSO for Thailand

JANUARY 19, 2017—MISC Berhad marked the commencement of the conversion of FSO Benchamas 2 with a ceremony at Malaysia’s MMHE West Yard, Pasir Gudang. Among the dignitaries in attendance were Pairoj Kaweeyanun, President

Shipping: Living with the new normal

JANUARY 19, 2017 — More than 200 marine industry leaders came together at the Danish Maritime Forum in Copenhagen this past October to find answers to some of the big questions facing

Canada suspends official, probes shipbuilding data leak

JANUARY 18, 2017 — Canada’s second-highest-ranked military commander Vice-Admiral Mark Norman has been relieved of his duties as vice-chief of the defense staff, reportedly in relation to allegations that classified information related

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