The Challenge of Marine Asset Appraisal
While large shipping asset deals are often financed through the major capital markets, loans for most oilfield service marine…
Navios Holdings Now Controls a Fleet of 64
Navios Holdings controls a fleet of 64 operating vessels totaling 6.6 million dwt, of which 38 are owned and 26 are chartered…
Austal Opens Up Trimaran Deal with Fred Olsen
Austal’s latest contract announcement for two 117 metre high speed vehicle passenger ferries, for Fred Olsen SA, not only…
US Navy Assists in Hunt for Lost Argentina Sub
The U.S. Navy has ordered its Undersea Rescue Command (URC) based in San Diego to deploy to Argentina Nov. 18, to support…
US Navy Accepts Delivery of Future USS Ralph Johnson
The Navy accepted delivery of future guided-missile destroyer USS Ralph Johnson (DDG 114) from shipbuilder Huntington Ingalls Industries (HII) Nov.
Deal for Floating LNG Powerplant in China
As the proliferation of LNG use spreads rapidly in the maritime and energy sectors, word from China is that Wison Offshore & Marine has signed an MoU with Shanghai Electric Power Generation Group…
Kongsberg Naval Sonars for Göteborg-Class Corvettes
Kongsberg Maritime said it has been selected to deliver ST2400 VDS (Varial Depth Sonar) systems for Anti-Submarine Warfare…
GPA Approves Savannah Port Expansion
The Georgia Ports Authority (GPA) has approved the rail and gate expansion projects that will significantly boost capacity…
Vard to Build Expedition Ship for Norway industrialist
Vard Holdings, a designers and shipbuilder of specialized vessels, announced that it has secured a contract for the design…
Frontline Posts Q3 Loss as Tanker Rates Hit 4-year Low
Frontline q3 net loss $24.1 million. The current crude oil tanker rate environment does not presently reflect that strong demand.
ESPO Supports CO2 Emissions Agreement
Last week, the European Parliament and the Council reached an agreement with regard to the CO2 emissions from shipping and…
Top Maritime News
Crowley in Command
Tom Crowley has become the face of the U.S. maritime industry, steadily building his transport and logistics company into a formidable goliath.
US Warship Damaged in Collision with Tug off Japan
A U.S. guided-missile destroyer, USS Benfold, sustained slight damage when a Japanese tug drifted into it during a towing exercise off central Japan
Cruise Ships & Environmental Risk: ‘No Silver Bullet’
LONDON - “Sustainability is core to the cruise industry; but there is no silver bullet or one solution to fit all.
Five Requirements for Safe Ops
A safety culture starts with the CEO As I write this article I am flying back to my home base in Canada from the 42nd annual Interferry conference