Hyundai Heavy reports more red ink

FEBRUARY 12, 2015 — South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, reported a whopping net loss of KRW 2.21 trillion ($2 billion) for its 2014 financial year, as against

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Ulstein makes organizational changes

FEBRUARY 12, 2015 — Ulstein Group, Ulsteinvik, Norway, reports that Bernt-Aage Ulstein will join Ulstein Design & Solutions in May as Design Manager. He will succeed Frode Sollid who has been appointed

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Schettino sentenced to 16 years in prison

FEBRUARY 11, 2015 — A  court in Grosseto, Italy, has sentenced Captain Francesco Schettino to 16 years imprisonment for his role in the Costa Concordia cruise ship tragedy and barred him from

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Star Cruises cuts first steel for Genting World

FEBRUARY 11, 2015 — Star Cruises officially launched the start of construction of Genting World, the first of two next generation cruise ships, in a steel cutting ceremony that saw Tan Sri

USCG detains tanker Overseas Jademar

FEBRUARY 11, 2015  — Coast Guard personnel detained the tanker Overseas Jademar in Port Angeles, WA, Monday. OSG shows the ship in its fleet listings as a 100% owned Panamax vessel. The

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ClassNK releases new version of ship design software

FEBRUARY 10, 2015  — Classification society ClassNK has released Version 2.0.0 of its PrimeShip-HULL(HCSR) ship design support software. The new version is the world’s first software system to fully reflect all rule