Horizon Lines, Inc. (OTCQB: HRZL) says that it has completed transactions with more than 99 percent of its noteholders, and with Ship Finance International Limited, to substantially deleverage the company’s balance sheet
Australia’s Richardson Devine Marine has launched Outer Limit, a 35 m Incat Crowther catamaran work boat. It is the third vessel from Richardson Devine and Incat Crowther for operator Offshore Unlimited, following
Wärtsilä’s new electronically controlled low speed engine, the Wärtsilä X35, has successfully passed its Factory Acceptance Tests (FAT). The tests of the two engines took place last month at both the 3.MAJ
It was to have been a highspeed containership with a semi-planing hull, gas turbine power and waterjets linking Philadelphia and Cherbourg, France. At one time, there were hopes it could have been
Container shipping giant Hapag-Lloyd turned in a net loss of €28.8 million (about $38 million) in 2011. According to the consolidated financial statements approved today by the Supervisory Board, Hapag-Lloyd increased its
The UK P&I Club has issued a loss prevention bulletin on the dangers of pressing up ballast tanks. In a recent case, says the bulletin, an entered vessel pressed up its ballast
Mitsubishi Heavy Industries, Ltd. (MHI) has signed a joint-development agreement with Sinopacific Shipbuilding Group Co., Ltd. of China under which MHI will provide technological support to Sinopacific in the area of commercial
The news that an ME-GI principle LNG-fired engine will be demonstrated next year by MOL and Mitsui Engineering and Shipbuilding Co. (see earlier story) is one of several indications of growing interest
U.S.-flag containership operator Horizon Lines, Inc., (OTCQB: HRZL) has issued an update on its efforts to mitigate environmental impact from shipping operations and intermodal transport. “Ensuring sustained environmental protection has always been
APL has signed an agreement to fit the main engine of one of its 10,000 TEU containerships with a fuel savings system that uses cavitation to create a highly stable heavy fuel
