Aker Philly in preliminary deal for 2-4 tanker newbuilds
MAY 6, 2013 — Aker Philadelphia’s strategy of building the last two ships in its long running Veteran Class of products carriers for its own account seems to have worked. Both have
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Harvey Gulf in new $540 million fleet expansion
MAY 3, 2013 — Harvey Gulf International Marine CEO Shane Guidry today announced the execution of three agreements for vessels totaling $540 million, taking the company’s total capital expenditures since August 2008
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
ABS turned in record performance in 2012
APRIL 23, 2012 — Classification society ABS hosted its Annual Meeting in New York today. Chairman, Robert D. Somerville reported that, “despite the uncertainties of the global economy and of the shipping
Overhaul inspection of ME-GI engine draws U.S. operators
APRIL 19, 2013—Following up on the full scale demonstration of the ME-GI on April 17, Japan’s Mitsui Engineering & Shipbuilding Co. Ltd. hosted a group that included ship owners, operators, and naval
Wärtsilä “cautious” on shipbuilding outlook
APRIL 18, 2013 — “The beginning of 2013 developed according to our expectations. Order intake grew by 22 percent, thanks to good development in both Power Plants and Ship Power, especially in
Mitsui Engineering demonstrates ME-GI engine
APRIL 17, 2013—More than 100 prominent guests, including ship owners and operators from around the world, were on hand at Mitsui Engineering & Shipbuilding Co., Ltd. Tamano, Japan, for the full scale
Wärtsilä 34DF dual-fuel claims EPA certification first
APRIL 12, 2013 — Wärtsilä says that its Wärtsilä 34DF dual-fuel engine is the first dual-fuel engine to receive U.S Environmental Protection Agency (EPA) certification of emission standard compliance.The certification was obtained
GAO reports on impacts of Jones Act on Puerto Rico trade
MARCH 21, 2013 — The GAO has issued a report that should rekindle the debate over the benefits, or otherwise, of the Jones Act. Entitled “Puerto Rico: Characteristics of the Island’s Maritime
Frontline 2012 plans NY listing, goes on building binge
MARCH 20, 2013 — Frontline 2012, whose majority shareholder is John Fredriksen’s Hemen Holding, yesterday reported preliminary fourth quarter and full year 2012 results and said it is “currently in the process