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
APRIL 16, 2014 — Great Lakes Shipyard, Cleveland, Ohio, reports that its winter layup season work is wrapping up. Repair work took place on the American Steamship Company’s M/V Sam Laud, Grand
APRIL 16, 2014 — A massive rescue effort is underway after the capsize and sinking of a 6,586 gt ferry carrying 462 people off South Korea’s southern coast. Korea’s Ministry of Security
APRIL 15, 2014 — In collaboration with Dutch shipyard Ooninex Shipbuilding BV, naval architectural firm BEN3D BV, Duizendschoon, the Netherlands, has introduced a compact workboat that can be transported in a standard
APRIL 15, 2014 — Prumo, a privately held Brazilian company developing the Açu Port in the north of the State of Rio de Janeiro says it has signed an agreement that will
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
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
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
APRIL 15, 2014 — Fosnavåg, Norway, headquartered Havyard Group ASA is to construct a hybrid battery powered Arctic PSV for Iceland’s Fafnir Offshore. The Havyard 833 WE ICE platform supply vessel will
APRIL 15, 2014 — Spanish shipbuilder Zamakona Yards has won an international tender to build a 70 ton bollard pull Voith Schneider tug for the Port of Haifa, Israel. The tug is
