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North Sea fishing vessels to be Wärtsilä equipped

OCTOBER 30, 2014—Two 78m purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä main propulsion and control equipment. The ships have been contracted by Lunar Fishing,

Red ink tide rises at Hyundai Heavy

OCTOBER 30, 3014 – The world’s largest shipbuilder, South Korea’s Hyundai Heavy Industries has reported a record quarterly operating loss of 1.93 trillion won ($1.83 billion). Though it expects to return to

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Fincantieri inks agreement with Vittoria Shipyard

OCTOBER 30, 3014 – Shipbuilding giant Fincantieri has signed a cooperation arrangement with a somewhat smaller Italian player, Vittoria Shipyard. Based in Adria, about midway between Venice and Ravenna, the shipyard is

Shipyard pays, whistleblowers collect

OCTOBER 29, 2014—The U.S. Department of Justice says that North Florida Shipyards, Jacksonville, FL, and its president, Matt Self, will pay $1 million to resolve allegations that they violated the False Claims

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Former Semcorp Marine finance director jailed

OCTOBER 29, 2014 —  Sembcorp Marine Ltd. (SMM)’s former finance director Wee Sing Guan has been sentenced to 39 months in jail by a Singapore court after pleaded guilty to nine charges