Shipowners to EU: Don’t preempt IMO on CO2

OCTOBER 16, 2014 — European shipowners are urging EU regulators not to go ahead with a unilateral EU Regulation for Monitoring, Reporting and Verification system of carbon dioxide emissions from maritime transport

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Heads roll at Hyundai Heavy

OCTOBER 16, 2014 — South Korea’s Hyundai Heavy Industries Co., the world’s largest shipbuilder, said today that it has cut back the number of executives, including those at Hyundai Mipo Dockyard Co.

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CIT finances Epic Gas LPG tanker acquisitions

OCTOBER 16, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $31.8 million senior secured credit facility to Epic Gas Ltd. to acquire two pressurized liquefied petroleum gas

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Wärtsilä and Wagenborg ink 15 ship maintenance agreement

OCTOBER 16, 2014 — Wärtsilä and Delfzijl, Netherlands, headquartered Wagenborg Shipping B.V. have signed a six-year maintenance agreement for fifteen of Wagenborg’s dry cargo carriers that will see Wärtsilä provide all maintenance

Crowley christens DP2 class tug

OCTOBER 15, 2014 — Crowley Maritime Corporation today christened the newest of its four tugboats in the ocean class series, Ocean Sun. Though the 156 ft x 46 ft DP2 vessel was

Vigor delivers 15,000 barrel tank barge to Maxum

OCTOBER 15, 2014 — Vigor Industrial, Seattle, has delivered the 15,000 barrel tank barge Global Pilot to Greenwich, CT, headquartered Maxum Petroleum. The barge has been designed by Elliott Bay Design Group

Innovative BWTS ready to enter market

OCTOBER 15, 2014 — A breakthrough ballast water treatment system developed by Danish company  Bawat A/S is soon to enter the market. It has successfully completed all IMO-mandated tests, as verified by