OSG reports profitable second quarter
U.S.-flag tank vessel operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported second quarter results that included net income of $6.4 million, compared with a net loss of $1.7 million for the second
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Signet Maritime tug completes propulsion and maneuvering upgrades
ST Engineering Halter Marine and Offshore, Pascagoula, Miss., has carried out upgrades to Signet Maritime Corporation’s 10,000 bhp ocean towing tug Signet Warhorse II that included retrofitting new propulsion and maneuvering systems.
Norwegian Cruise Line has no plans to shed any ships
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) today reported financial results for the second quarter ended June 30, 2020. The company’s second-quarter GAAP net loss was $715.2 million or $2.99 per share
Tasmanian tour boat operator orders its eighth Incat Crowther vessel
Tasmanian tour boat operator World Heritage Cruises has ordered its eighth Incat Crowther designed vessel. Currently under construction at the Richardson Devine Marine shipyard in Hobart, the 220 passenger, 35 meter long
MAN Energy Solutions lowers job cut target
The executive board and employee representatives of MAN Energy Solutions have agreed on a joint paper outlining the key points of the restructuring of the company announced July 22. The new plan
Hill Dickinson names new Head of Marine and Trade
Tony Goldsmith has been appointed as Head of Marine and Trade at Liverpool, U.K., headquartered international law firm Hill Dickinson. He will succeed the firm’s current Head of Marine, David Wareing, who
Blount Boats to build icebreaking buoy tender
Warren, R.I., shipbuilder Blount Boats, Inc. has been awarded a contract to build a 90-foot icebreaker/buoy tender for the Maryland Department of Natural Resources. The vessel will be designed by BMT Designers
Project marks milestone on road to larger composites hulls
An EU-funded project that aims to foster the application of new materials in maritime and inland waterway applications has marked a significant milestone with the unveiling of a full-scale composite ship’s hull
Fincantieri Bay lays keel for LNG bunkering barge
Fincantieri Bay Shipbuilding and Polaris New Energy hosted a private ceremonial keel laying last month celebrating the start of construction of an LNG (liquefied natural gas) ATB bunkering barge. The barge will
U.S. shipbuilding suppliers support moves to strengthen “Buy American” requirements
The American Shipbuilding Suppliers Association (ASSA) has released a Statement of Policy today defending and supporting the work of House Armed Services Committee (HASC) lawmakers who are working to pass legislation that