Deltamarin wins EUR 1.8 million icebreaker design contract

AUGUST 7, 2014 — Deltamarin Ltd has been awarded a EUR 1.8 million contract by Arctech Helsinki Shipyard Inc. for the entire machinery and technical spaces outfitting production design of the  LNG-fueled

Three year prison term imposed in MSC bribery case

AUGUST 6, 2014 — Another prison sentence has been handed down in the ongoing Military Sealift Command bribery case. Yesterday, United States Chief District Judge Rebecca Beach Smith of the Eastern District

Hatz Diesel showcases marine line-up at SMM

AUGUST 6, 2014 — Ruhstorf, Germany, based Hatz Diesel will use next month’s SMM event to showcase its marine product line-up. Hatz is a leading manufacturer of industrial diesel engines in the

OSG exits Chapter 11

AUGUST 6, 2014 — Tanker giant Overseas Shipholding Group, Inc. yesterday said that it had emerged from Chapter 11 bankruptcy as a newly reorganized company “with a strong balance sheet, focused strategy

Panama Canal expansion means bigger insurance risks

AUGUST 5, 2014 — A marine insurer is warning of the increased risks that will arise from doubling the cargo-carrying capacity of ships transiting the Panama Canal. In a new report entitled

NVOCCs get a high-tech boost

AUGUST 5, 2014 — “It used to be all the NVOCC needed was a telephone and a tariff,” says one long time shipping industry observer, “but no more.” Though NVOCCs may be

Egypt to add parallel stretch to part of Suez Canal

AUGUST 5, 2014 — Egyptian President Abdel Fattah el-Sisi today attended a ceremony to launch what is officially called the Suez Canal Axis Development Project. The project will include building a new

MTU to showcase IMO Tier III solutions at SMM

AUGUST 5, 2014 — MTU will be using next month’s SMM event in Hamburg, Germany, to showcase its solutions for meeting the IMO Tier III emission standard that comes into force in

P&I Club warns of dangerous defects in newbuilds

AUGUST 4, 2014—When prices are depressed, you get what you pay for—and sometimes not even that. The North P&I Club is warning its members to check their new ships very carefully before

Meyer inks deal for Finnish shipyard

AUGUST 4, 2014 — German Shipbuilder Meyer Werft and the State of Finland have now signed an agreement to acquire the STX Finland shipyard, which will start a new lease on life

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