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Rolls-Royce to take Daimler stake in MTU parent

MARCH 10, 2014 — Rolls-Royce is to acquire Daimler AG’s 50% shareholding in Rolls-Royce Power Systems (RRPS). The company, whose brands include MTU, previously operated as Tognum AG and is headquartered in

Vigor gets $33 million more for Momsen

MARCH 10, 2014 — Vigor Shipyards Inc., Seattle, WA, is being awarded a $30,703,417 cost-plus-incentive-fee, cost-plus-award-fee contract to definitize a previously awarded undefinitized contract action (N00024-11-C-4401) for repair and alteration of naval

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UASC adds 17th LNG-ready box ship to HHI order

MARCH 10, 2014 — Dubai headquartered United Arab Shipping Company (UASC) has exercised a final option at South Korea’s Hyundai Heavy Industries, adding an additional 18,000 TEU containership to eleven 14,000 TEU

Gulf of Guinea crew kidnaps surge

MARCH 7, 2014 — Poole, U.K., headquartered Dryad Maritime Intelligence says that it recently issued a special advisory warning all of its shipping clients on the increased threat of crew kidnap in