Norwegian to acquire Prestige Cruises for over $3 billion

SEPTEMBER 3, 2014 — Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) has entered into a definitive agreement to acquire Prestige Cruises International, Inc., parent company of Oceania Cruises and Regent Seven Seas

Wärtsilä inks two-stroke agreement with China’s JAD

SEPTEMBER 3, 2014 — Wärtsilä Switzerland Ltd and China’s Jiangsu Antai Power Machinery Co. Ltd. (JAD) have signed a license agreement covering the manufacture and sales of Wärtsilä two-stroke engines. JAD is

RCL sells Celebrity Century to China’s Ctrip

SEPTEMBER 3, 2014 —  Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) reports that it has entered into an agreement to sell its cruise ship Celebrity Century to Exquisite Marine Ltd., a holding

Box ship operator decides to derate

SEPTEMBER 3, 2014 — Operators of large container vessels continue to turn to slow steaming to gain fuel saving. In line with this trend, Mitsui Engineering & Shipbuilding Co., Ltd. and its

Wärtsilä Yuchai JV inaugurates new engine factory

SEPTEMBER 2, 2014 — Wärtsilä Yuchai Engine Co., Ltd, a joint venture between Wärtsilä and Yuchai Marine Power Co., Ltd., has inaugurated its new factory in Doumen District, Zhuhai City, Guangdong Province,

DNV GL approves underwater wet welding procedure

SEPTEMBER 2, 2014 — Classification society DNV GL says it has completed a joint research and development program with Subsea Global Solutions LLC (SGS), that will allow permanent repairs to be carried

Samsung Heavy in merger with Samsung Engineering

SEPTEMBER 1, 2014 — Korean shipbuilding giant Samsung Heavy Industries has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea. Samsung Heavy

HOS OSVs win Navy contract

SEPTEMBER 1, 2014 — Hornbeck Offshore Services, LLC, Covington, Louisiana, is being issued a $19,754,900 modification under a previously awarded firm-fixed-price contract (N00033-08-C-2007) to exercise a 180-day option to extend services for

German owned box ship banned from Australian ports

AUGUST 29, 2014 — The Australian Maritime Safety Agency (AMSA) has issued a direction to the containership Vega Auriga (IMO 9347786) that prohibits the ship from using or entering any Australian ports

Shipping lines get Transcom contracts

AUGUST 28, 2014 — Nine companies have each been awarded indefinite-delivery/indefinite-quantity fixed-price option-year two modifications for international ocean and intermodal distribution services (Universal Services Contract-7). They are: Maersk Line Ltd., Norfolk, Virginia,

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