Scorpio Tankers gets into LPG sector
JULY 3, 2012 — “We are excited about our entry into LPG which we have long considered an extension of the product market,” said Scorpio Tankers Inc. (NYSE: STNG) CEO and chairman
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DNV responds to offshore wind farm trends
JUNE 26, 2013 — Classification society DNV is responding to developments that see offshore wind farms move further offshore and into deeper waters. It has DNV launched a significant revision to its
Nobu Su welcomes U.S. bankruptcy court ruling
JUNE 26, 2013 — A judge in a U.S. Court has ruled that banks in Taiwan seeking to put pressure on shipowner Nobu Su’s TMT must allow cash to be used to
NNS wins award for cardboard and duct tape boat
JUNE 25, 2013 — Newport News Shipbuilding (NNS) has added to its trophies by building a vessel made of cardboard instead of steel. NNS, a division of Huntington Ingalls Industries (NYSE:HII), competed
Shipping industry confidence levels perk up
JUNE 14, 2013 — Smile: According to international accountancy firm Moore Stephens, overall confidence levels in the shipping industry rose to their highest level for two and a half years in the
Newport News delivers final Block II Virginia class sub
JUNE 6, 2013 — Huntington Ingalls Industries (NYSE:HII) reports that its Newport News Shipbuilding (NNS) division delivered the submarine Minnesota (SSN 783) to the U.S. Navy today. The boat, the last of
Harvey Gulf $1 billion credit facilty rated B1 by Moody’s
JUNE 4, 2013 — Moody’s Investors Service assigned a first time corporate family rating (CFR) of B1 to HGIM Corp (Harvey), and a B1 rating to the company’s proposed credit facility consisting
ICS Chairman spells out costs of green legislation
JUNE 4, 2013 — Impending new legislation to protect the environment potentially presents shipping with an additional industry-wide cost of more than half a trillion US dollars between 2015 and 2025. This
Italy releases Costa Concordia casualty investigation report
MAY 27, 2013 — Italy’s Ministry Of Infrastructures and Transports has released its report on the safety technical investigation of the Costa Concordia disaster in January 2012. It concludes that “the human
New Houston to Puerto Rico U.S.-flag service to debut
MAY 20, 2013 —The Port of Houston Authority reports that a new all-water service connecting Houston with San Juan, Puerto Rico, will launch May 29 when the 1988-built U.S.-flagged containership National Glory