IMO to review BWMS testing guidelines

OCTOBER 17, 2014 — Shipowners’ organizations are welcoming a decision on Ballast Water Management Systems (BWMS) taken at this week’s meeting of IMO’s Marine Environmental Protection Committee (MEPC). IMO’s Ballast Water Management

Nam Cheong books orders for new AHTS design

OCTOBER 17, 2014 — Malaysia’s largest Offshore Support Vessel (OSV) shipbuilder, Singapore-listed Nam Cheong Limited, has launched the first AHTS built to its new, proprietary, NCA80E design. It already holds letters of

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