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,

Louis Dreyfus orders wind farm vessel at Cemre Shipyard

FEBRUARY 8, 2017 — Louis Dreyfus Armateurs Group, Paris, France, has ordered a new Wind Farm Service Operation Vessel (SOV) based on a design from Salt Ship Design in Stord, Norway. The

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