MPT’s Amy Beavers appointed MERPAC Vice Chair

APRIL 17, 2014 — Amy Beavers, Vice President of Regulatory Compliance at Maritime Professional Training, Fort Lauderdale, FL, has been appointed by RADM Joseph Servidio, USCG, to the position of Vice Chair

Chief engineer gets jail term for Singapore bunker scam

APRIL 17, 2014 — A Singapore court has sentenced the chief engineer of a 105,365 dwt crude oil tanker to 18 months in jail for his role in a bunkering “buy back”

Royal Caribbean to homeport Quantum in Shanghai

APRIL 17, 2014 — Royal Caribbean International is to homeport its newest cruise ship, Quantum of the Seas, in Shanghai. The ship will reposition to China in May 2015, following her inaugural

Lockheed Martin delivers LNG tank for Harvey Gulf newbuild

APRIL 16, 2014 — Lockheed Martin [NYSE: LMT] has leveraged technology and experience from the manufacturing of NASA’s space shuttle external tanks to deliver the LNG tank for the first of the

Tall ship Oliver Hazard Perry nears completion

APRIL 16, 2014 — The largest tall ship to be built in the U.S. in the past 100 years is coming closer to completion. Work on the 200 ft, three masted, square

Rolls-Royce to pay EUR 2.43 billion for Daimler RRPS stake

APRIL 16, 2014 — Rolls-Royce and Daimler report that they have agreed the valuation of Daimler’s 50% equity interest in the joint venture Rolls-Royce Power Systems (RRPS). Both parties have determined the

Red ink quarter for International Shipholding

APRIL 15, 2014 — International Shipholding Corporation (NYSE:ISH) expects to report a first quarter net loss, before preferred dividends, in the range of $3.3 million to $3.7 million. It says this is

Saab signs MOU to acquire Kockums

APRIL 15, 2014 — Sweden looks to be on its way to be regaining domestic control of its submarine building industry — fifteen years after selling its national submarine-maker Kockums to Germany’s

CIT helps finance bankruptcy sale buy of Deiulemar bulkers

APRIL 15, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $95.2 million senior secured credit facility to Heron Ventures, a joint venture between Oceanbulk Shipping and ABY

Liberia gets boost from private equity ship financing

APRIL 14, 2014 — The entry of private equity funding into the ship finance market is helping to sustain the continued growth of the Liberian Registry.  “Owners are ordering ships again, and

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