• News

Five dry bulk owners form Capesize chartering JV

FEBRUARY 10, 2015 — With the Baltic Dry Index probing new lows, five major bulker operators have formed a new joint venture company, Capesize Chartering Ltd. The five are: Bocimar International NV,

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Wärtsilä wins major genset order

FEBRUARY 10, 2015 — Wärtsilä is to supply five new 14,500 TEU containerships with twenty Auxpac 32 generating sets. The ships are under construction for COSCO (China Ocean Shipping Group) by Hudong-Zhonghua

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World’s largest ship sheds “Nazi name”

FEBRUARY 10, 2015 — File this under “what took them so long?”  Yielding to growing pressure, Switzerland headquartered Allseas is to rename the world’s largest ship. The 328 m x 124 m 

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Repower gives stretched Polar Bear more speed

FEBRUARY 9, 2015 — There is a high demand for landing craft along the Alaskan coast where many communities are only accessible by water, but there are few ports or even rudimentary

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Vigor gets $9.9 million Navy award

FEBRUARY 9, 2015 — Vigor Marine LLC, Portland, OR, is being awarded a $9,906,132 firm-fixed-price contract for 72-calendar day shipyard availability for the Mid Term Availability of USNS Yukon (T-AO 202). Work

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Second K-Line executive gets prison sentence

FEBRUARY 9, 2015 — Takashi Yamaguchi, a former executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty Friday and was sentenced to 14 months in a U.S. prison for his involvement