Obama announces major change in Cuba policy
DECEMBER 17, 2014 — President Barack Obama today announced what look to be significant steps to normalize relations with Cuba. Although he unveiled a significant rolling back of restrictions, it is unclear
World’s largest box ship has Becker TLKSRs rudder
DECEMBER 17, 2014 — The world’s largest containership, the 19,000 TEU CSCL Globe, features a rudder from Becker Marine Systems, Hamburg, Germany. Built for China Shipping Container Lines (CSCL) at Hyundai Heavy
Tidewater crew/supply vessel finds European buyer
DECEMBER 17, 2014 — Shipbroker Marcon International, Inc., Coupeville, WA, reports that Tidewater Marine International Inc. has sold the 41.2 m x 8.2 m x 3.5 m high-speed, aluminum crew/supply vessel Patrice
Scorpio converts bulker newbuild orders to LR2 tankers
DECEMBER 17, 2014 — Scorpio Bulkers Inc. (NYSE: SALT) reports that it has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into
Evoqua BWMS to start testing for full USCG Type Approval
DECEMBER 17, 2014 — Evoqua Water Technologies says that the NSF International Independent Laboratory (IL) is to begin testing of its SeaCUREballast water management system (BWMS) in preparation for US Coast Guard
Waterways Council applauds hike in barge diesel user fee
DECEMBER 17, 2014 — Here’s one that either a sad commentary on the byzantine way in which things get done in Washington, DC, or a tribute to the legislative dexterity of the
Wärtsilä swoops on L3’s marine electronics business
DECEMBER 17, 2014 — L-3 Communications (NYSE:LLL) says it has entered into a definitive agreement with Wärtsilä Corporation to sell its Marine Systems International (L-3 MSI) business. The transaction is anticipated to
Farstad goes to Vard for subsea/IMR vessel
DECEMBER 17, 2014 — After being awarded a five year framework agreement by Technip Norge AS, Norway’s Farstad Shipping ASA has signed a contract with Vard Holdings Limited covering the design and
Conrad Shipyard to build new ferry for Steamship Authority
DECEMBER 16, 2014—The Woods Hole, Martha’s Vineyard, and Nantucket Steamship Authority, Martha’s Vineyard, MA, recently awarded a $36.4 million contract to Conrad Shipyard, LLC, Morgan City, LA, to construct a new 235
Frontline in debt-for-equity swap
DECEMBER 16, 2014 — John Fredriksen’s Frontline Ltd. (NYSE:FRO) looks to be taking advantage of stronger share prices to knock down the size of its bond repayment bill through swaps. On Friday,