Aker Yards said 40.4 percent shareholder STX Corporation has provided it with a $89.7m loan in order to meet a short-term financing deficit.
Aker Yards is in the process of selling a 70 percent stake in three of its Merchant Vessel shipyards to Russian investment firm FLC.
However the deal has been delayed by the Ukrainian competition authorities, and Aker Yards said this has caused a short-term liquidity problem.
Carnival Corporation's Cunard cruise line announced it has taken delivery of its newest cruise ship, Queen Anne, from Italian…
Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit…
Norwegian shipyard Myklebust Verft has been selected to build a pair of innovative hydrogen-powered passenger ferries ordered…
MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal…
Abnormal liner wear and seized or broken piston rings can result in costly consequences.
AST has developed and grown, increasingly providing full-service network solutions, far beyond traditional satellite services.
As the maritime industry transitions to the updated SIRE 2.0 inspection regime from the familiar SIRE VIQ7 framework, operators are bracing themselves for a period of adjustment.
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