Matson plans new Jones Act ships, but not soon
NOVEMBER 27, 2012 — Matson, Inc. (MATX), Honolulu, HI, has a strategic re-fleeting plan that calls for the building of two new Jones Act containerships in the next 3 – 5 years
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Growing interest in ultra-long-stroke engine
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
Lithuanian shipyard to build research vessel
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
Savannah Harbor Expansion Project gets the go-ahead
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
CIT Group launches maritime finance business
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
Crowley tug crew makes heroic San Francisco Bay rescue
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
Maersk profits soar in third quarter
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
New MHI propeller promises major fuel savings
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
New Crowley tug assists stranded Cuban boxship
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
MAN Diesel & Turbo unveils EGR engine
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,