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