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,
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