CIT Maritime does its first bareboat charter financing
MAY 21, 2014 — CIT Group Inc. (NYSE: CIT) says that CIT Maritime Finance, with the assistance of RS Platou Finans, has completed a $49 million financing through a bareboat charter arrangement
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Cummins offers emergency genset for offshore applications
MAY 20, 2014 — Cummins Inc. (NYSE: CMI) says that the latest addition to its C Power product line is the QSK60 C Power (CP) emergency generator set. Engineered by the Cummins
U.S. moves ahead on LNG as marine fuel
MAY 16, 2014 — Though, as yet, there’s not one LNG fueled vessel actually operational in the U.S., the adoption of LNG as fuel by U.S. operators is proceeding at a pace
Powerful fireboat christened at Foss Maritime
MAY 15, 2014—The first of two highly advanced and powerful 108-foot-long fireboats under construction for the Port of Long Beach, CA, was recently dedicated at Foss Maritime’s Seattle Shipyard. Named Fireboat 20,
White House honors TOTE’s Chiarello as Champion of Change
MAY 14, 2014 — TOTE, Inc. President & CEO Anthony Chiarello is among 11 individuals honored by the White House as 2014 transportation industry “Champions of Change.” Chiarello was chosen for his
Thai shipyard’s fast patrol craft have crew boat roots
MAY 14, 2014 — Thailand’s Marsun Shipyard has a long record as a builder of versatile , reliable crew boats. With three Cummins KTA38 M2 engines each rated at 1,350 HP turning
Oman Drydock targets LNG carrier repair market
MAY 13, 2014 — Oman Drydock Company (ODC) and its partner DSEC, a subsidiary of Daewoo Shipbuilding and Marine Engineering Company Ltd, will be using the upcoming Posidonia event to promote an
OW Bunker makes first LA/Long Beach physical delivery
MAY 8, 2014 — Nørresundby, Denmark, headquartered OW Bunker, one of the world’s major physical distributors and resellers of marine fuel, reports that its newly established physical distribution operation in Los Angeles
Yangzijian delivers first 10,000 TEU box ship from new yard
MAY 6, 2014 — Demonstrating that Chinese shipbuilders are now very much a force to be reckoned with in the market for large containerships, Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding has delivered Hanjin
Damen wins first order for smaller wind farm support cat
APRIL 30, 2014 — Windwave Workboats, Penzance, Cornwall, U.K., has placed the first order for a Twin Axe Fast Crew Supplier (FCS) 2008. It is the first Damen Shipyards vessel ordered by