Norden takes a hit on bulkers
JANUARY 21, 2016 — Copenhagen headquartered DS Norden AS is writing down the value of its dry cargo fleet and making a provision, with no cash flow effect, of $340 million. The
shipbuilding
First WinGD designed dual fuel two strokes passes TAT
JANUARY 19, 2016 — The first dual-fuel two-stroke engine designed and developed by Winterthur Gas & Diesel (WinGD) equipped with a low-pressure gas admission system has successfully completed its Type Approval Test
Meyer Turku floats out Mein Schiff 5
JANUARY 17, 2016 — Finland’s Meyer Turku Oy has floated out Mein Schiff 5, the first ship to be contracted and totally built totally by the shipyard since coming under the ownership
Tidewater Subsea charters Brandon Bordelon
JANUARY 15, 2016 — Lockport, LA, headquartered Bordelon Marine reports that Tidewater Subsea has chartered the Jones Act compliant MV Brandon Bordelon for sixty days plus options. Tidewater Subsea is mobilizing two
Algoma Central enters cement carrier JV with Nova Marine
JANUARY 15, 2016 — Cement carriers could prove to be one specialized sector of shipping ripe to generate a few shipbuilding orders. St. Catharines, ON, headquartered Algoma Central Corporation reported today that
BIMCO launches “SUPERMAN” contract
JANUARY 15, 2016 — BIMCO, the world’s largest international shipping association, has launched a new standard contract for ship managers to provide supervision services for shipbuilding and conversion projects. Code named SUPERMAN,
Former ST Marine execs face additional corruption charges
JANUARY 13, 2016 — Three former senior executives of Singapore Techology Engineering’s shipbuilding unit, Singapore Technogies Marine Ltd, were back in court today to face a total of 1,774 more charges in
Organizers pull plug on SMM Istanbul 2016
JANUARY 13, 2016 — Germany’s Hamburg Messe und Congress GmbH and Turkish partner Goca Exhibitions have canceled next month’s SMM Istanbul conference and exhibition. The announcement comes after news that ten Germans
Sanmar books two more for Svitzer, adds floating dock
JANUARY 12, 2016 — Copenhagen, Denmark, headquartered Svitzer is ordering two more ASD tugs from Sanmar Shipyards in Turkey. The two latest newbuilds willservice the multi-billion dollar INPEX-operated Ichthys LNG Project in
Chinese yard launches two X-Bows in same week
JANUARY 12, 2016 – Ulstein reports that China’s Wuchang Shipbuilding Industry Co., Ltd. launched sister vessels Go Matilda and Go Mundara on January 6 and 8, respectively. The ships are the second