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
Maersk gets out of VLGC market
MAY 29, 2013 — In a joint press release, Maersk Tankers and the BW Group announced today that Maersk Tankers is exiting the VLGC (Very Large Gas Carrier) segment by selling its
Diamond Offshore orders semi at HHI
MAY 29, 2013 — Houston based Diamond Offshore Drilling, Inc. (NYSE: DO) today announced an agreement with South Korean shipbuilding giant Hyundai Heavy Industries Co., Ltd. to build a new Moss CS60E
BAE San Diego gets $49.7 million contract mod
MAY 29, 2013 — BAE Systems San Diego Ship Repair Inc., San Diego, Calif., has been awarded, a $49,796,139 modification to previously awarded cost-plus-award-fee contract (N00024-11-C-4408) to definitize the USS Russell (DDG
Greek shipping faces new tax burdens
MAY 29, 2013 — International accountant and shipping adviser Moore Stephens says changes recently approved by the Greek parliament to the country’s tax laws will impact companies engaged in the shipping industry.
MAN B&W powers Transpetro PROMEF newbuilds
MAY 29, 2013 — Brazil’s Estaleiro Atlantico Sul (EAS) has delivered the Suezmax tanker Zumbi dos Palmares to Petrobras subsidiary Transpetro. The vessel is the second ship built by EAS as part
New society will promote LNG as marine fuel
MAY 29, 2013 — A newly created Society for Gas as a Marine Fuel (SGMF) has been established to encourage the safe and responsible operations of vessels using LNG as fuel and
Jurong to build ultra high spec North Sea jack-up for Noble
MAY 28, 2013 — Singapore’s Sembcorp Marine reports that its Jurong Shipyard subsidiary has secured a US$596 million contract from Noble Corporation for a newbuild ultra-high specification jack-up rig for use in