• News

Wärtsilä to power giant dredge

JANUARY 2, 2015 — A 6,500 cu.m. non self-propelled cutter dredge under construction in China will be one of the world’s largest with 5,200 kW of cutter power. Designed by the Design

  • News

Crowley sells two 1969-built tugs

DECEMBER 31, 2014 — Shipbroker Marcon International, Inc. of Coupeville, WA, reports that Crowley Marine Services, Inc. has sold the two 3,500 BHP twin screw, low profile harbor docking and coastwise tugs

  • News

Panama Canal Board approves new port

DECEMBER 31, 2014 —  The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region.  Upon completion, the port will have

  • News

Hyundai Heavy reports deal with union

DECEMBER 31, 2014 — South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, reports that its management and labor union have concluded their negotiation on the wage and collective bargaining agreement

  • News

NYK cops plea in price fixing case

DECEMBER 30, 2014 — Japan’s Nippon Yusen Kabushiki Kaisha (NYK) has agreed to plead guilty and to pay a $59.4 million criminal fine for its involvement in a conspiracy to fix prices,

  • News

Marine Hydraulics gets $7.1 million Navy contract mod

DECEMBER 30, 2014 — Marine Hydraulics International, Inc., Norfolk, VA, is being awarded a $7,121,874 modification to a previously awarded contract (N00024-10-C-4405) for USS Truxtun (DDG-103) fiscal 2015 selected restricted availability.  

  • News

Arctech Helsinki now fully Russian owned

DECEMBER 30, 2014—United Shipbuilding Corporation, St. Petersburg, Russia, has taken full control of Arctech Helsinki Shipyard, Inc. Helsinki, Finland, after acquiring the remaining 50% share in the company from STX Finland, a