Somali government security forces on Tuesday seized almost $3.5 million U.S. dollars and arrested several foreigners at Mogadishu airport who intended to transfer the money to pirates in the center of the
First steel for Princess Cruises’ next ship was cut yesterday at Fincantieri’s Monfalcone, Italy, shipyard. The ship is the first of two new-generation, 141,000 ton, 3,600 passenger vessels for the cruise line
The ITF (International Transport Workers’ Federation) is now recommending the carrying of military guards on ships, and is recognizing the use of private armed guards, subject to certain conditions. However, it reaffirmed
Will Royal Caribbean Cruises’ latest newbuildings incorporate solar power? That’s an intriguing question given that the Miami-based cruiseship operator recently signed a letter of intent (LOI) with Germany’s Meyer Werft to build
Ensco plc (NYSE:ESV) reports that one of its subsidiaries has finalized a fixed-price shipyard construction contract with Keppel FELS Limited in Singapore for construction of two new ultra-premium harsh environment jack-up rigs.
Northrop Grumman is moving ahead with plans to spin off its shipbuilding activities as Huntington Ingalls Industries Inc.The new enterprise will enter operations carrying a considerable burden of debt.That led the three
A Congressional Research Service specialist in transportation policy looks to be less than enthusiastic about marine highways. He’s John Fritelli and is the author of a recent CRS report entitled “Can Marine
Investment in wave and tidal energy is expected to steeply increase over the next five years, according to U.K. energy business analysts Douglas-Westwood. A recent report released by Douglas-Westwood projects that $1.2
Classification society ABS has appointed Todd Grove to the position of Chief Technology Officer (CTO). He will report to ABS President and COO Christopher J. Wiernicki and be based in the society’s
The Paris MOU is warning that significant number of tankers could pose a risk to the environment. They are not being loaded in accordance with damage stability requirements. In the case of
