Regent Seven Seas Cruises orders $450 million newbuild
JULY 10, 2013 — Ultra-luxury brand Regent Seven Seas Cruises is to add a fourth ship to its fleet. It announced today that it has entered into a definitive contract with Italy’s
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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
Tougher Australian maritime laws take effect
JULY 2, 2013 — Australia yesterday replaced century-old maritime laws with new requirements for commercial seafarers and vessels as the Navigation Act 2012 and Marine Safety (Domestic Commercial Vessel) Law Act 2012
Student project generates new Arctic vessel design
JUNE 26, 2013 — Five maritime engineering bachelor students at the Delft University of Technology in the Netherlands) finished their minor in Arctic Engineering last February. Now, in cooperation with Damen Shipyards
Teekay LNG newbuilds get U.S. gas export charters
JUNE 7, 2013 — When Teekay LNG Partners L.P. (NYSE:TGP) inked an agreement with Daewoo Shipbuilding & Marine Engineering (DSME) in December for the construction of two 173,400 cu.m LNG newbuildings (see
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
TY Offshore gets private equity injection
MAY 28, 2013 — TY Offshore is to start a $9 million capital improvement plan after revamping its ownership structure and getting an equity investment from a private equity firm. Barge launch
Bollinger delivers sixth FRC to Coast Guard
MAY 22, 2013 — Bollinger Shipyards, Inc. has delivered the Paul Clark, the sixth Fast Response Cutter (FRC) to the United States Coast Guard. “We are very pleased to announce another successful
Sembcorp Marine reports increased profits
MAY 3, 2013 — Singapore’s Sembcorp Marine today reported a 5 percent growth in net profit from Singapore S$113 million in 1Q 2012 to S$119 million in 1Q 2013. Group turnover for