Eagle Bulk reports record full year profit
“Despite a weaker rate environment, our Q4 results cemented a record annual profit of roughly $250 million for 2022,” said Gary Vogel, CEO of Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE:
CIT provides financing for Purus ammonia carrier acquisition
First Citizens Bank reports that its Maritime Finance group, part of its CIT division, has provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the
Edda Wind orders CSOV quartet at Vard
Haugesund, Norway, headquartered Edda Wind ASA has agreed for contracts four newbuild commissioning service vessels) with Fincantieri’s Norwegian-based subsidiary Vard. The price is EUR 63 million (about $67 million) per ship, exclusive
Bleutec offshore wind vessels gain ABS AiP
Houston-headquartered Bleutec Industries Offshore Wind Services LLC reports that it has received Approval in Principle (AiP) from ABS for the designs of its Jones Act compliant Binary Marine Installation Solution (BMIS). The
PODCAST: Jones Walker gives inland waterway infrastructure update
In this edition of Marine Log’s Listen Up! podcast, we talk to Jim Kearns, special counsel for law firm Jones Walker LLP’s maritime division, to discuss the latest developments in inland waterway
New software tool slashes hull design time
Two Netherlands-based companies — C-Job Naval Architects and software company Viktor — have joined forces to create a software program to optimize the hull design process, making it up to two times
Ward Leonard introduces Novo1 AC induction motor
Fairbanks Morse Defense (FMD) has introduced its newest Ward Leonard AC induction motor line for naval vessels, the Novo1. FMD says that, designed to withstand some of the most severe operating conditions,
Norwegian will lengthen Prima newbuilds, ready them for methanol
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) yesterday today reported financial results for the fourth quarter and full year ended December 31, 2022 and provided guidance for the first quarter and full
Farra Marine orders seven Incat Crowther designed CTVs
Dublin, Ireland, headquartered crew transfer vessel (CTV) owner and operator Farra Marine has placed an order with Singapore-based Penguin Shipyard International that will see it double its fleet to a total of
St. Johns Bar Pilots order new launch from Gladding-Hearn
Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass., has booked an order from the Florida-based St. Johns Bar Pilots for a new high-speed launch. Based on the successful 40-foot Resilient Class pilot boat introduced