France and Fincantieri close to STX France compromise
MARCH 6, 2017 — France’s Le Monde newspaper reports that a compromise solution is in the works that will see the acquisition of shipbuilder STX France by a group in which Fincantieri
shipbuilder
VIDEO: FRS transfers cat to Clipper for BC route
MARCH 3, 2017 — Seattle, WA, headquartered Clipper Navigation, Inc, is to launch a new passenger ferry service between downtown Vancouver, BC and downtown Victoria VC in spring 2018. Clipper, which operates
DEME orders world’s most powerful cutter suction dredge
MARCH 1, 2017 — Belgium’s DEME Group has ordered a mega cutter suction dredge (CSD) from Royal IHC in the Netherlands featuring a combination of power, size and innovations that will see
Spurned again by DHT, Frontline goes bargain shopping
FEBRUARY 28, 2017 — John Fredriksen’s Frontline Ltd. (NYSE/OSE: FRO) today reported unaudited results for the quarter and year ended December 31, 2016. The company reported net income of $18.3 million, or
Austal achieves Pacific Patrol Boat program milestone
FEBRUARY 24, 2017 — Austal (ASX:ASB) reports that the Detailed Design Review (DDR) for the A$306 million Pacific Patrol Boat Replacement (PPB-R) Project has been successfully completed on time and in accordance
Meyer Werft cuts steel for first LNG fueled cruise ship
FEBRUARY 23, 2017 — German shipbuilder Meyer Werft on Monday cut the first steel for what will be the world’s first LNG fueled cruise ship. The ship — yard number S.696 —
Hyundai Global inks scrubber retrofit MOU
FEBRUARY 21, 2017 — Hyundai Global Services — a company recently spun off by shipbuilder Hyundai Heavy Industries – has signed an MOU with Korean shipping company KSS Line that will see
McDermott acquires former Ceona flag ship
FEBRUARY 21, 2017 — McDermott International, Inc. (NYSE:MDR) has emerged as the new owner of the former flagship of the now defunct U.K. SURF and heavy subsea construction contractor Ceona. When news
Huntington Ingalls earnings beat analysts’ estimates
FEBRUARY 16, 2017 —Huntington Ingalls Industries (NYSE:HII) reported fourth quarter 2016 results that beat analysts expectations, delivering an adjusted earnings per share for the quarter of $3.67, compared with the consensus estimate
Norwegian Cruise Line orders four ships at Fincantieri
FEBRUARY 16, 2017 — Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) reports that it has reached an agreement with shipbuilder Fincantieri S.p.A. to construct the next generation of ships for its Norwegian Cruise