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,
China set to deploy giant Coast Guard vessel
DECEMBER 16, 2014 — China, which has maritime boundary disputes with just about all its neighbors and not least Japan, is set to deploy what is being trumpeted as the largest coast
French Finance Minister: Fincantieri eyes STX France
DECEMBER 16, 2014 — French Finance Minister Michel Sapin has told reporters in Rome that “there is interest on the Italian part” in taking a share of STX France. Though he didn’t
CBO analyzes Navy 2015 shipbuilding plan
DECEMBER 15, 2014 — The total costs of carrying out the Navy’s 2015 shipbuilding plan—an average of about $21 billion per year (adjusted for inflation to 2014 dollars) over the next 30
NAVSEA plays a key role in ambitious NASA program
DECEMBER 15, 2014 — When NASA’s Orion spacecraft splashed down in the Pacific Ocean December 5 it had completed a two-orbit, 4.5 hour flight test that took it farther into space than
Two Japanese shipyards order Wärtsilä BWM systems
DECEMBER 15, 2014 — Six new bulk carriers, being built at the Namura and Onomichi shipyards in Japan, are to be fitted with a total of twelve Wärtsilä Aquarius UV ballast water
West Virginia steel plant starts Bulb Flat production
DECEMBER 15, 2014 — Bulb Flats offer significant benefits in shipbuilding stiffener applications. Now, Steel of West Virginia, Inc. has started production of Bulb Flats at its Huntington, WV, steel making facility.
Canadian TSB reports on Seaway grounding
DECEMBER 15, 2014 — The Transportation Safety Board of Canada has released its investigation report (M13C0071) into the striking and subsequent grounding of the cargo ship Claude A. Desgagnes in the St.
MacGregor deck equipment for Maersk AHTS newbuilds
DECEMBER 15, 2014 — Cargotec’s MacGregor unit has received an order from Norwegian shipbuilder Kleven in Norway for six comprehensive deck handling equipment packages. They will be installed on the six 95
Criminal investigation involving Petrobras widens
DECEMBER 14, 2014—Brazil’s state-controlled Petrobras, one of the world’s largest oil companies, said it would once again delay the filing of its third quarter financial statements “in the light of new facts”