Panama Canal Board approves new port
DECEMBER 31, 2014 — The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have
DECEMBER 31, 2014 — The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have
DECEMBER 31, 2014 — South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, reports that its management and labor union have concluded their negotiation on the wage and collective bargaining agreement
DECEMBER 30, 2014 — Japan’s Nippon Yusen Kabushiki Kaisha (NYK) has agreed to plead guilty and to pay a $59.4 million criminal fine for its involvement in a conspiracy to fix prices,
DECEMBER 30, 2014 — Marine Hydraulics International, Inc., Norfolk, VA, is being awarded a $7,121,874 modification to a previously awarded contract (N00024-10-C-4405) for USS Truxtun (DDG-103) fiscal 2015 selected restricted availability.
DECEMBER 30, 2014 — Edinburgh, Scotland, based MarineCo UK has contracted Damen Shipyards Group for a Multi Cat 2712. The vessel will be delivered in April 2015. Marineco is one of the
DECEMBER 30, 2014—United Shipbuilding Corporation, St. Petersburg, Russia, has taken full control of Arctech Helsinki Shipyard, Inc. Helsinki, Finland, after acquiring the remaining 50% share in the company from STX Finland, a
DECEMBER 30, 2014 — Two Albanian seafarers aboard a salvage tug towing the fire ravaged ferry Norman Atlantic were killed when a cable broke.A third was seriously injured. The ferry is being
DECEMBER 30, 2014 — Singapore shipowner Petredec Services Pte. Ltd. has specified HJ Lubtronic SIP cylinder lubrication for a series of 12 newbuild LPG carriers. The ships are being built by Korea’s
DECEMBER 30, 2014 — Three state-owned Indian companies are to form a consortium to go after a $7 billion project that aims to see India build six AIP (air independent propulsion) submarines
DECEMBER 30, 2014 — A fourth former executive of shipbuilder Singapore Technologies (ST) Marine was charged with corruption today. ST Marine is a subsidiary of Singapore Technologies Engineering Ltd and is the