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Vard books second OCSV order from Farstad

AUGUST 21, 2013 —  Vard Holdings Limited has secured a new contract worth about NOK 800 million for the design and construction of an offshore subsea construction vessel (OSCV) for Norway’s Farstad

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Ardmore orders four more newbuilds

AUGUST 21, 2013 — Cork, Ireland, headquartered Ardmore Shipping Corporation (NYSE:ASC) says that it has entered contracts with Fukuoka Shipbuilding Co. Ltd., Japan, for the construction of four 25,000 dwt IMO 2

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Wärtsilä to power gas fueled Danish ferry

AUGUST 21, 2013 — Wärtsilä is to supply the main propulsion generating sets for a double ended 100 m ferry that will be the first gas fueled ferry for a domestic route

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New gates for expanded canal arrive in Panama

AUGUST 21, 2013 — In another milestone for the Panama Canal Expansion Program, the first four gates for the new locks arrived from the port of Trieste, Italy, to the waterway’s Atlantic

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KKR forms $580 million Maritime Finance Company

AUGUST 20, 2013 — Global private equityy investment firm KKR (Kohlberg, Kravis and Roberts) today announced the formation of Maritime Finance Company, a new specialty finance company created to lend to the

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BAE Hawaii gets another $12.8 million for DDG 90 repairs

AUGUST 20, 2013 — BAE Systems Hawaii, Honolulu, Hawaii, is being awarded a $12,820,427 modification to previously awarded contract (N0024-06-C-4408) for repairs to the USS Chafee (DDG 90). This repair modification consists