Daewoo Shipbuilding & Marine Engineering reportedly received a $560 million contract to build four very large crude carriers (VLCC) and one product carrier for Kuwait Oil Tanker Co (KOTC), according to Reuters.
Pod propulsion system Azipod® was the propulsion system of choice for 6 new cruise liners in 2013, say manufacturers, ABB.
The company won orders worth $180 million
Ministers from 159 countries have reached agreement on a deal intended to boost global trade at a meeting in Bali, Indonesia. The World Trade Organization's (WTO)
Kuwait Oil Tanker Company (KOTC) has put into service a new VLCC and named another as part of a strategy aimed at increasing its tankship fleet to 30 by the end of 2014,
The missile range instrumentation ship 'USNS Howard O. Lorenzen' (T-AGM 25) successfully completed its final contract trials (FCT) in San Diego.
FCTs, run by the
The bulk ship owners announce its initial public offering of 15,500,000 common shares, granting the underwriters a 30-day option to purchase up to 2,325,000 additional common shares.
The US Coast Guard (USCG) inform it has extended the comment period related to proposed new measures to reduce the risks of oil spills in oil transfer operations from or to a tank vessel.
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for a very large liquefied petroleum gas (LPG) carrier able to navigate the Panama Canal from Astomos Energy Corp.