Report charts marine industry “routes to safety”
JUNE 17, 2013 — “Market equilibrium remains out of balance, and risks remain for the maritime sector,” says Christopher Frampton, Partner and Global Head of the Asset Finance Practice of law firm
Arklow picks Sperry Marine for ECDIS upgrade
JUNE 17, 2013 — Wicklow, Ireland, headquartered Arklow Shipping has chosen Northrop Grumman’s Sperry Marine business unit to upgrade 12 container vessels with VisionMaster FT Electronic Chart Display and Information Systems (ECDIS)
Penguin Shipyard completes fiftieth Flex
JUNE 17, 2013 — Penguin Shipyard International, a wholly owned subsidiary of Singapore-based Penguin International Limited, has completed its fiftieth Flex crewboat. The 38 m, 4,050 bhp Kirrie is to be delivered
Blower malfunction implicated in Miami barge blasts
JUNE 17, 2013 — Coast Guard Sector Mobile has released preliminary findings from its continuing investigation into the cause of the April 24, 2013 explosions and fire on board two Kirby tank
IHI to take stake in Brazil’s EAS
JUNE 17, 2013 — Japan’s IHI Corporation is making an equity investment in Brazil’s Estaleiro Atlantico Sul S.A (EAS). IHI, together with JGC Corporation and Japan Marine United will acquire the stake
FMT orders four more towboats from Eastern Shipbuilding
JUNE 15, 2013—Privately held Florida Marine Transporters, Inc., Mandeville, LA, recently exercised an option for the construction of four additional 90 ft x 32 ft x10 ft Canal Class Inland Towboats at
Maersk names first Triple-E containership
JUNE 14, 2013 — Maersk Line’s newest containership, the first of the Triple-E series, was named this morning in a ceremony at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo,
Ingalls gets $76.8 million funding for seventh NSC
JUNE 14, 2013 — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division today received a $76.8 million fixed-price contract from the U.S. Coast Guard to purchase long-lead materials for Kimball (WMSL 756), the
Heads roll at KHI as board torpedoes Mitsui merger
JUNE 14, 2013 — A management integration of Japan’s Kawasaki Heavy Industries and Mitsui Engineering and Shipbuilding Co is not going to happen. And the three Kawasaki executives who were pressing for
Shipping industry confidence levels perk up
JUNE 14, 2013 — Smile: According to international accountancy firm Moore Stephens, overall confidence levels in the shipping industry rose to their highest level for two and a half years in the