Norway's Caretaker Protects Precious Cargo
Imagine you're onboard a cruise ship and a fire breaks out and you realize that you are trapped in your stateroom — left to inhale the fatal smoke and gas wafting through the vents.
Meet Me in Oslo
Without a doubt, Oslo, Norway is one of the finest places a person would want to be during early June of any year. The nearly endless days, with light never quite conceding the sky to night…
Carnival's New Spirit
The latest testament to Finnish cruise ship building prowess is embodied in the recently delivered Carnival Spirit, a ship that will become well-known not only for what it contains within…
The bunker industry is changing. Bunker buyers want bigger stems, broader choice of grades, more delivery locations, higher standards, additional services, and consistency.
Barge operators are often accused of giving the marine fuels industry a bad name. While it is true that there are barging companies with a debatable approach to the business…
New Ax-Bow to Increase Ships' Efficiency
Considerable effort, particularly following the oil embargo of the 1970s, has been placed on reducing the fuel oil consumption of ships, a task readily handled by…
Daewoo Announces 1Q Results
South Korea's Daewoo Shipbuilding & Marine Engineering said it earned 100.4 billion won ($76.34 million) in EBT (earnings before taxes) during the first quarter on sales of 682.7 billion won.
EU Points Finger At South Korea
The European Union has accused South Korean shipyards of distorting the international market by pricing ships below cost, but put off a decision on whether to launch a trade complaint against Seoul.
Good Vibes Surround General Dynamics, NNS $2.6B Deal
In a move that could possibly trigger the final slowdown in naval shipbuilding corporate asset consolidation, General Dynamics late last month made a $2.6 billion…
Castor's Downfall: Hyper-Accelerated Corrosion
Few marine incidents have vexed the collective international marine community as much as the recent situation with the damaged product tanker Castor, a ship, which…
IZAR Takes Lead in RoPax Market
IZAR, the new Spanish shipbuilding consortium formed with the combination of the former Astilleros Españoles and Bazan, has delivered to Stena Line its brand new ferry Stena Hollandica…
The Floating Volvo
Vision, a unique VLCC built by Korea's Hyundai Heavy Industries Co., Ltd. (HHI) in that it features twin-engines and twin-propellers, was recently christened at the Ulsan Shipyard.
After a rash of containership design and propulsion system initiatives aimed at extending the reach of the most potent engines already in production, the industry…
New Dimension for Hapag-Lloyd
Although long in the vanguard of containership technology, Germany's Hapag-Lloyd did not feel compelled to join the early rush towards vessels of wider-than-Panamax gauge.
Marine business in these United States continues to get increasingly: A] Encouraging; B] Depressing; or C] Interesting, depending on who you talk to and at what time of day.
Piracy Attacks Surge
Piracy attacks on oil tankers surged to unprecedented levels during the first quarter of 2001, reinforcing fears that the onslaught will sooner or later result in ecological catastrophe.
Wärtsilä Posts 1Q Loss, But Outlook For Year Good
Wärtsilä posted a first-quarter loss, hit by restructuring charges, but said it expected full-year results at its key power divisions to reach last year's level.
Frontline Shares Take A Tumble
Shares in Norwegian tanker group Frontline fell 5.3 percent on weak tanker rates, delays to scrapping of old tankers and a negative media and broker report, traders said.
Moody's Downgrades Enterprises Shipholding
Moody's Investors Service downgraded to C from Caa1 the rating for senior notes of Enterprises Shipholding Corporation. The downgrade reflects the company's announcement…
McDermott Reports 1Q Loss
Marine construction and engineering company McDermott International Inc. reported a first-quarter loss in line with earnings guidance issued by the company in February.