Chinese shipbuilder puts operations on hold

AUGUST 21, 2015 — Singapore listed Chinese shipbuilder JES International Holdings Limited said yesterday that its various businesses have ceased operations and production but that it is currently maintaining a skeletal staff

Boskalis reports high profit half year

AUGUST 21, 2015 — Papendrecht, Netherlands, based Royal Boskalis Westminster N.V.yesterday reported a very busy first half year with historically high profit, with good results from all the company’s major operating segments:

Mabus announces name of LCS 24

AUGUST 20, 2015 — Secretary of the Navy Ray Mabus announced Aug. 19 that the next Independence variant Littoral Combat Ship will be named USS Oakland (LCS 24). According to a Congressional

CIT Group helps Advantage acquire Suezmax tanker duo

AUGUST 20, 2015 – CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, LLC to support the acquisition of two Suezmax

DNV GL develops class notation for gas bunkering vessels

AUGUST 20, 2015 – Classification society DNV GL has developed a new class notation for gas bunker vessels to ensures safe fuel transfer operations from one ship to another. Until now, says

Tour boat claimed to be cleanest on Great Barrier Reef

AUGUST 20, 2015 – A 19 m catamaran recently delivered by Queensland, Australia, shipyard Aluminum Marine is “the cleanest tour vessel on the Great Barrier Reef,” according to operator Wavelength Cruises. The

Dry bulk market recovery at least a year away

AUGUST 19, 2015 — The global dry bulk freight market, crippled by oversupply but seeing signs of renewed activity, is expected to take at least a year to hit the road to

MAN to power world’s most powerful cutter suction dredge

AUGUST 19, 2015 — A  self-propelled cutter suction dredge ordered at Croatian shipbuilder Uljanik Brodogradiliste by Jan de Nul will have a total installed diesel power of over 40,000 kW, making it

USCG has new vice commandant

AUGUST 18, 2015 —  U.S. Coast Guard Vice Adm, Charles Michel formally assumed the role of vice commandant of the Coast Guard during a ceremony at U.S. Coast Guard Headquarters Monday. As

MacGregor develops better way to stow loose lashings

AUGUST 18, 2015 — Cargotec’s MacGregor subsidiary has developed a 40 ft flat rack loose lashings storage system that is designed to make better use of available deck space. “An overall trend

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