St. Catharines, Ontario, based Algoma Central Corporation (TSX: ALC), today announced that it has acquired two 18,894 dwt product tankers to join the Algoma Product Tankers fleet. Built in 2007, the sister
Huntington Ingalls Industries (NYSE: HII) reports that its Ingalls Shipbuilding division has started fabrication of the U.S. Navy’s newest amphibious assault ship Fallujah (LHA 9), signifying that the first 100 tons of
MSC Cruises has plans for a new homeport at the Port of Galveston, Texas. The cruise line is in negotiations with Galveston Wharves and both entities have signed a non-binding memorandum of
Some of the biggest charterers of ships, most of whom also own ships, have sharply criticized BIMCO’s Carbon Intensity Indicator (CII) operations clause. BIMCO’s standardized charters and clauses are one of the
The recent agreement by the Furebear joint venture to construct eight 17,999 dwt LNG/LBG-fueled ice class 1A chemical & product tankers is good news for marine pump specialist Svanehøj. It has booked
Currently under construction at the Keppel AmFELS shipyard in Brownsville, Texas, Manson Construction Company’s 15,000-cubic-yard capacity, 420 foot long Frederick Paup will be the largest U.S.-flagged, self-propelled hopper dredge in the United
When is a U.S. GAAP net loss of $1.6 billion and adjusted net loss of $1.1 billion any kind of good news? When you’re Carnival Corporation & plc (NYSE/LSE: CCL) and analysts
Caterpillar Marine and Harvey, La., headquartered Jackson Offshore Operators LLC are to pilot an integrated hybrid energy solution aimed at reduction of fuel consumption and diesel exhaust emissions. The technology will be
In an update on its fourth quarter 2022 operations, America’s largest dredging contractor, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), says that revenues and gross profit margins for the quarter are
A series of new-generation heavy lift ships includes a methanol dual fuel hybrid propulsion plant as part of German operator SAL Heavy Lift’s commitment to decarbonization. Called the Orca Class, they are