Aker Philadelphia Shipyard, Inc., the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), has entered into a loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a construction loan
Harley Marine Services (HMS) has been awarded the 2011 Marine Environmental Business of the Year for environmental initiatives by the Port of Seattle and Seattle Propeller Club. The award was presented at
Carnival Corporation & plc’s Seabourn cruise brand took delivery of the new 450-guest Seabourn Quest yesterday at the T. Mariotti shipyard in Genoa, Italy. The intimate, all-suite ship is the third vessel
MTU Detroit Diesel Inc. today announced a name change to Tognum America Inc., effective June 1, 2011. Tognum America, like MTU Detroit Diesel before, is a subsidiary of the Germany-based Tognum Group
MAN Diesel & Turbo is adding more bore sizes to its ultra-long-stroke engine program. The updated program supplements the G80ME-C9 engine, introduced in October 2010, with G70ME-C9, G60 ME-C9 and G50ME-B9 engines.
Hyundai Heavy Industries reports that it has won a $1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc. The contract, signed yesterday by Mr. Kim Oi-hyun, senior executive
The U.K. continues to be a key growth market for Carnival Corporation declared Chairman & CEO Micky Arison as the cruise giant revealed that it has contracted with shipbuilder Fincantieri to construct
Horizon Lines, Inc. (NYSE: HRZ) says that the New York Stock Exchange (NYSE) has notified the company that it has fallen below the NYSE’s continued listing standards related to minimum market capitalization
NYSE listed DHT Holdings, Inc. is to offer to acquire all of the shares of Oslo Axess listed Saga Tankers ASA (“Saga”). The Board of Directors of Saga has agreed to recommend
Power conversion specialist Converteam has shipped the first of two massive 75 tonne, 36 Megawatt generators designed specifically to match the electrical power requirement of the propulsion motors for the Royal Navy’s
