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Cecon ASA to file for bankruptcy

APRIL 24, 2015 — Norwegian construction vessel company Cecon ASA is filing for bankruptcy. The company is probably best known to Marine Log readers for the saga involving the three newbuilds that

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EU plans to tackle migrant crisis

APRIL 24, 2015 — With migrant deaths in the Mediterranean soaring,  a special meeting of the European Council yesterday saw ministers pledge that the European Union “will mobilize all efforts at its

NASSCO gets $31.7 million mod to LHA 6 contract

APRIL 23, 2014 — General Dynamics, National Steel and Shipbuilding Co. (NASSCO), San Diego, CA, has been awarded a $31,773,194 modification to previously awarded cost-plus-incentive-fee contract (N00024-13-C-4404) for USS America (LHA 6)

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Gypsum giant sheds ships

APRIL 23, 2015 — Chicago based building products giant  USG Corporation (NYSE:USG) says it has entered into agreements to sell the two ships in its non-core shipping business, Gypsum Transportation Limited (GTL),

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Navios acquires 14 ships from HSH Nordbank debtors

APRIL 23, 2015 — Navios Maritime Holdings Inc. (NYSE: NM), Navios Maritime Acquisition Corporation (NYSE: NNA) and Navios Maritime Partners L.P. (NYSE: NMM) have executed a binding letter of intent to acquire

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Rolls-Royce package picked for ice-class newbuild

APRIL 23, 2015 — Rolls-Royce has secured a contract to supply a power and propulsion package for a high-end ice-class multi-purpose vessel under construction at shipbuilder Keppel Singmarine for New Orient Marine