Sewol operator CEO gets 10 year prison sentence
NOVEMBER 20, 2014 — South Korea’s Gwangju District Court has imposed a 10 year prison sentence on Kim Han-Sik, CEO of Chonghaejin Marine Co., the operator of the ferry Sewol, which sank
World’s biggest box ship has world’s biggest engine
NOVEMBER 20, 2014 — The world’s largest containership, China Shipping Container Lines 19,000 TEU CSCL Globe (CSCL) is also noteworthy for being powered by what is, physically, the largest engine ever constructed
Seaspan orders two LNG fueled ferries
NOVEMBER 19, 2014 — Seaspan Ferries Corporation (SFC), Delta, B.C., Canada, has awarded Sedef Shipyard of Istanbul, Turkey a contract for the construction of two new dual-fueled (diesel and liquefied natural gas)
Stena to operate 1,500 passenger ferry on methanol
NOVEMBER 19, 2014 — One of the world’s biggest ferry companies, Sweden’s Stena Line, says it is to become the first operator in the world to run a large 1,500 passenger ferry
Gulf Island to build third 8,000 bhp towboat
NOVEMBER 19, 2014 — Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today that, through its subsidiary Gulf Island Marine Fabricators, L.L.C., it has received notice to proceed with an option for the
CIT finances Blue Wall bulker acquisitions
NOVEMBER 19, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility
Idled rigs hinder Transocean’s 2015 earnings
NOVEMBER 19, 2014—Equity research firm Cowen and Company says publicly traded offshore drilling contractor Transocean’s November Fleet Update Summary has “negative implications for the stock.” Traded on the New York Stock Exchange
Steel cut for Yamal LNG module carriers
NOVEMBER 19, 2014 — China’s Guangzhou Shipyard International (GSI) has cut steel for two ice-class ARC7 28,500 dwt PC-3 module carriers. They are on order for ZPMC-Red Box Energy Services and are
Two UNF students awarded Crowley scholarships
NOVEMBER 19, 2014 — Crowley Maritime Corporation this month awarded Thomas B. Crowley Sr. Memorial Scholarships to two University of North Florida (UNF) students who are also currently part-time employees with the
PPG gets $8.9 million MSC paint contract
NOVEMBER 19, 2014 — PPG Industries Inc., Alexander, Arkansas, is being awarded a $8,931,277 modification under a previously awarded indefinite-delivery/indefinite-quantity contract (N00033-14-D-8010) with firm-fixed-price delivery orders to exercise a one-year option for