NOVEMBER 27, 2012 — MAN Diesel & Turbo reports a “healthy interest” in its ultra-long-stroke G-type engine and steadily growing orders. Most recently, Piraeus-based Polembros and U-ming of Taiwan have placed orders
NOVEMBER 27, 2012 — Lithuania’s Western Baltija Shipbuilding is to design and construct a new research vessel for Klaipeda University. The 38.7 m long x 12.0 m beam vessel will have a
NOVEMBER 14, 2012 — Scheduled for completion in 2015, the expansion of the Panama Canal will allow the transit of ships with drafts of as much as 50 ft. With that in
NOVEMBER 13, 2012 — Svein Engh has been appointed Managing Director and Group Head of CIT Maritime Finance, a new business launched by CIT Group Inc. (NYSE: CIT) to originate and underwrite
NOVEMBER 12, 2012 — Crowley Maritime Corporation reports that the crew aboard its tugboat Guard recently performed a heroic rescue of a man who was struggling to stay afloat in the waters
NOVEMBER 9, 2012 — Despite taking a $267 million impairment hit on its tanker unit, A.P. Moller – Maersk has turned in what Group CEO Nils S. Andersen (left) terms “a good
NOVEMBER 8, 2012 — Japan’s Mitsubishi Heavy Industries (MHI) has introduced a high performance propeller that it says can improve the propeller efficiency of containerships by 5 percent. This yields a potential
OCTOBER 31, 2012—The first of four Crowley Maritime Corporation ocean class tugboats, Ocean Wave, completed its inaugural project earlier this month by removing a grounded containership from the northern coast of Cuba. The
OCTOBER 31, 2012 — MAN Diesel & Turbo has unveiled the first IMO Tier III-compliant diesel engine utilizing EGR (Exhaust Gas Recirculation). The presentation took place at a ceremony at the Ulsan,
OCTOBER 25, 2012 — APL’s parent NOL Group today reported net earnings of US$50 million for the third quarter of 2012, a US$141 million turnaround from the US$91 million net loss in
