China shipyard chief arrested

MAY 27, 2014 — Gu Tiquan, the head of Shanghai’s Hudong-Zhonghua Shipyard has been arrested. He was handed over to judicial authorities by the Shanghai Communist discipline inspection commission which said he

Consolidation ahead in bunker supply industry

MAY 27, 2014 — Singapore based marine fuels and lubricants trading company Dynamic Oil Trading say that, when it comes to fuel supply, the biggest challenge facing the shipping industry is liquidity

MHI books first order for new low speed diesel

MAY 27, 2014 — Japan’s Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME) reports that licensee Kobe Diesel has received the first order for the new MHI-MME  UEC50LSH-Eco low-speed marine

National Maritime Day marked in the U.S.

MAY 22, 2014—The 81st annual National Maritime Day was marked in ceremonies held by the U.S. Department of Transportation in Washington, D.C. National Maritime Day was created by Congress to recognize the

STX Finland shipyards delivers upscale German cruise ship

MAY 22, 2014—STX Finland Oy’s Turku Shipyard recently delivered the 99,500 gt cruise ship Mein Schiff 3 TUI Cruises for operation in the German premium-class cruise market. Mein Schiff 3 will begin

Finnlines to retrofit six ships with Promas Lite

MAY 22, 2014 — Rolls-Royce has been contracted to install its Promas Lite propulsion system on four Finnlines ships. Promas Lite is an integrated propeller and rudder system that increases efficiency and

Carnival to fit exhaust gas cleaning systems in more ships

MAY 22, 2014 — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest cruise company, today announced plans to significantly increase installations of its in-house developed exhaust gas cleaning technology

MSC Cruises orders two newbuilds at Fincantieri

MAY 22, 2014 — MSC Cruises has signed a contract with Fincantieri for the construction of two 5,300 passenger cruise ships, with an option for a third. The ships carry a price

Damen Shipyards Bergum sees market revival ahead

MAY 22, 2014 — The shipbuiders at Damen Shipyard Bergum in the Dutch province of Friesland are not sitting on their laurels after the recent deliveries and christenings of two Damen Combi

CIT Maritime does its first bareboat charter financing

MAY 21, 2014 — CIT Group Inc. (NYSE: CIT) says that CIT Maritime Finance, with the assistance of RS Platou Finans, has completed a $49 million financing through a bareboat charter arrangement

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