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
shipbuilder
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
EPF 8 completes Navy acceptance trials
FEBRUARY 12, 2017 — Naval Sea Systems Command reports that he future USNS Yuma (EPF 8) successfully completed Acceptance Trials on Jan. 26 after two days of underway evaluation in the Gulf
Baleària to repower high speed cat Jaume II
FEBRUARY 10, 2016 — Spain’s Baleària Group is to repower its high speed ferry Jaume II to improve its energy efficiency, reliability and service. The investment, totaling more than 5.5 million euros,