ALSTOM Supplies Electric Propulsion Systems Two New Cruise Ships
ALSTOM Power Conversion has been selected by Princess Cruises and Nagasaki Shipyard & Machinery Works, Mitsubishi Heavy Industries, Ltd. to supply electric propulsion…
E-Commerce Takes Maritime By Storm
In the last six months, the shipping industry has seen the marine B2B market grow from nothing into a highly competitive race between e-commerce ventures to attract…
Lunde To Leave Intertanko
INTERTANKO announced that. Dagfinn Lunde, the Association's Managing Director who has so fervently fought for the tanker industry for many years, will leave his post on September 15…
Norshipco And Metro Machine Team Up
Norshipco and Metro Machine have agreed to a teaming arrangement - further enabling the two companies to raise the level of services provided to the U.S. Navy. The…
Pacific Gulf Awarded Management Contracts
Pacific-Gulf Marine (POM) has been granted a trio of five-year contracts totaling $31 million for the management of eight ships for the U.S. Maritime Administration (MarAd).
Cassidy Takes Over Head Post At BMI
Baltimore Marine Industries has elected David Cassidy as president and CEO. Cassidy, who succeeds David Watson, who retired, had previously served as president of BethShip…
Allen Marine To Construct Aluminum Catamaran
Allen Marine, Sitka, Alaska, is set to build a 78 ft. (23.7 m) aluminum catamaran ordered by Allen Marine Tours. Equipped with four Lugger diesel propulsion engines…
Art Anderson Granted Stolkraft Contract
Art Anderson Associates has been awarded a contract to design all-aluminum 52 ft. (15.8 m) pilot boat for Delta Launch Services of Pilottown, La. Besides ferrying pilots to and from ships…
Bouygues Unit Tapped To Build LNG Facility
Bouygues Offshore’s SN Technigaz won a contract worth approximately $82 million in Spain. Bahia de Bizkaia Gaz (BBG) chose SN Technigaz to build a liquefied natural…
Vosper Thornycroft Wins Warship Contract
Vosper Thorneycroft has won a $205 million British government contract to build two new specialist warships, safeguarding 800 jobs at the Appledore Shipyard. The…
Panamax Rates Hold Firm
Asia's Panamax rates for dry bulk cargo are expected to remain firm this week on strong vessel demand for grain and mineral exports and support from a rebound in Capesize, traders said.
Tanker Rates Continue To Soar
Modern vessel shortages in the North Sea are pushing Aframax and Suezmax tanker rates to year high levels. Rates for Aframax 80,000 ton vessels have repeated the…
Oil Industry: EPA Going “Too Far, Too Fast” On Diesel
The U.S. oil industry locked horns with environmental regulators last week over a new proposal to make diesel burn cleaner. The Environmental Protection Agency (EPA)…
P&O May Face Fines In Immigrant Deaths
P&O may face fines of $181,000 over 60 illegal immigrants who traveled to England in a truck on one of its ships, 58 of whom were found dead upon arrival. Of the…
Going Down With The (Cruise) Ship
The fickle fate of finance has clubbed yet another maritime niche, one that has been an overachiever for much of the past decade. The cruise industry, riding high for more than half a decade…
Wärtsilä, John Crane-Lips In Marine Propulsion Deal
In a move which firmly signals that marine propulsion power consolidation of resource is far from complete, Wärtsilä NSD and TI Group, on behalf of John Crane-Lips…
More Navy Ships For Less Dollars?
As it becomes abundantly clear that a major injection of dollars is not imminent for the U.S. Naval shipbuilding sector, industry leaders met last week to mull ideas on getting more for less.
Casualties
Paradip, India: The holed Panamana-flag bulker Countess has completed repairs at Paradip, India, Reuters reported. The vessel was found to be taking water on May 27.
OPEC’s 20-Day Wait
As the price per barrel for oil continues to rise and pressure increases on OPEC to release additional supplies, it appears that there is continuing confusion regarding…
Sunken Drydock Blocks Shipping Channel
A Louisiana shipping channel used to supply crude oil to two big Gulf coast refineries has reopened to most ships but very large vessels may still not be able to get through, the U.S.
