Dubai cracks down on cruise ship safety

With Dubai becoming an increasingly popular cruise ship destination, Dubai Maritime City Authority (DMCA) has announced a crack down on cruise ship safety. The award-winning Dubai Cruise Terminal experienced a 30 percent

GulfMark Offshore exercises option at Simek A/S

Houston-headquartered GulfMark Offshore, Inc. (NYSE: GLF) reports that it has exercised an option under its existing construction contract with shipbuilder Simek A/S of Flekkefjord, Norway to build another 92.6 m x 19.2m

Wärtsilä completes Hamworthy acquisition

Wärtsilä has completed its acquisition of British-headquartered Hamworthy plc. Hamworthy provides a wide assortment of specialist equipment and systems to the shipping industry, and systems that improve process efficiency and environmental compliance

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Paragon Shipping terminates Supramax charter

Athens-headquartered Paragon Shipping Inc. (NYSE: PRGN) says that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas, a 2008-built 58,779 dwt Supramax bulk carrier has continued to fail to