Harvey Gulf $1 billion credit facilty rated B1 by Moody’s
JUNE 4, 2013 — Moody’s Investors Service assigned a first time corporate family rating (CFR) of B1 to HGIM Corp (Harvey), and a B1 rating to the company’s proposed credit facility consisting
GL develops box ship concept for Intra-Asian routes
JUNE 4, 2013 — Classification society Germanischer Lloyd (GL) has developed a containership design concept for Intra-Asian trade routes: the C-Dragon. C-Dragon measures 211.9 meters in length between perpendiculars and 37.3 meters
GE Power Conversion wins HOS MPSV contract
JUNE 4, 2013 — GE’s Power Conversion business (NYSE: GE) has been awarded a contract by the Eastern Shipbuilding Group in Panama City, Fla., to supply integrated diesel-electric power, propulsion and vessel
FSG launches Oceanex ConRo
JUNE 4, 2013 — Recently launched by German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) for St. John’s, Newfoundland headquartered Oceanex, Inc., the 210 m Oceanex Connaigra will be the largest Canadian flag Con/Ro ship
Keppel O&M wins order for Caspian Sea semi
JUNE 4, 2013 — Keppel Offshore & Marine Ltd through its subsidiaries Caspian Rigbuilders BV (an affiliated company of Keppel FELS) and Caspian Shipyard Company (CSC), has secured a contract from Caspian
Rolls-Royce partners Baleària in ferry LNG conversion plan
JUNE 4, 2013 — Rolls-Royce Plc has signed a memorandum of understanding with Spanish shipping company Baleària, to design gas-powered propulsion systems for three of the company’s high-speed ferries, which currently run
Navy awards DDG 51 contracts
JUNE 4, 2013 — The Navy yesterday awarded contracts for the construction of nine, (potentially ten) DDG 51 class ships over the FY 2013-2017 period. Huntington-Ingalls Industries’ Ingalls Shipbuilding was awarded five
ICS Chairman spells out costs of green legislation
JUNE 4, 2013 — Impending new legislation to protect the environment potentially presents shipping with an additional industry-wide cost of more than half a trillion US dollars between 2015 and 2025. This
Island Offshore christens Island Crown
JUNE 3, 2013 — Christened in Oslo today as part of the Nor-Shipping opening events, the Island Crown is the 34th vessel designed by Rolls-Royce to be delivered to Island Offshore, in
Gulf Craft delivers high speed catamaran crew boat
JUNE 3, 2013 — The SEACOR Lynx, recently delivered by Gulfcraft LLC, Franklin, LA, is now in service with SEACOR Marine. It is the first of two Incat Crowther designed 58 m