Vard Aukra delivers first Rolls-Royce Environship
MAY 31, 2013 — Vard’s Aukra, Norway, shipyard has delivered the first ship built to the Rolls-Royce Environship NVC 401 LNG design to Eidsvaag AS. The Environship design promises to reduce CO2
Stars align for Canadian laker fleet renewal
MAY 31, 2013 — Canada’s Great Lakes fleet is being rejuvenated with the addition of ships by three major carriers, Canada Steamship Lines (CSL), Algoma Central and Fednav. According to CSL President Rod
ClassNK releases latest Rules
MAY 31, 2013 — Classification society ClassNK has released the latest version of its Rules and Guidance for the Survey and Construction of Steel Ships. The version includes all amendments dated May 30,
Caterpillar unveils new MaK dual fuel marine engine
MAY 30, 2013 — Caterpillar Marine Power Systems has developed a new marine dual fuel engine platform for the commercial marine industry, the M 34 DF. The M 34 DF dual fuel
PPL Shipyard books jack-up order from Japanese customer
MAY 30, 2013 — Singapore’s Sembcorp Marine reports that subsidiary PPL Shipyard has secured a contract to build a jack-up drilling rig from BOT Lease Co., Ltd., a leasing company of The
Royal Caribbean orders third Quantum Class ship
MAY 30, 2013 — Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) announced today that it has signed a contract with the Meyer Werft shipyard to construct a third Quantum-class cruise ship for
BIMCO President: Shipping “under environmental siege”
MAY 30, 2013 — The new president of BIMCO Mr. John Denholm has identified environmental pressures facing the shipping industry as some of its most significant current challenges as he embarks upon
Royal Caribbean quantifies Grandeur fire financial hit
MAY 30, 2013 — Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) yesterday quantified the financial impact of the Grandeur of the Seas fire (see earlier story). The fire broke out May 27
Costamare in box ship acquisition JV with fund manager
MAY 30, 2013 — Costamare Inc. (NYSE:CMRE) reports that it has entered into a joint venture framework deed with New York-based hedge fund manager York Capital Management Global Advisors LLC to invest
CIT’s Engh: It’s the perfect time to be in marine finance
MAY 29, 2013 — With less competition in the market and a high demand for refinancing, the perfect time to be in the maritime finance business is right now, according to Svein