Cammell Laird Expected To Set Bond Price
British shipbuilder Cammell Laird Holdings Plc is expected to price its high-yield bond issue at around 11.5 percent, sources familiar with the deal said on Thursday.
Express Samina Crewmembers Jailed Pending Trial
A Greek public prosecutor on Tuesday ordered the captain and second officer of the sunken ferry Express Samina to be jailed pending trial on charges of manslaughter, an investigating magistrate said.
Coal Carrier Sinks Off Sardinian Coast
A cargo ship carrying coal broke up and sank off the coast of Sardinia on Monday, nearly a month after it ran aground, port officials said on Tuesday. The Eurobulker IV…
Singapore Strait Is Relieved Of Oil Slick From Damaged Tanker
An oil slick in the Singapore Strait from the damaged tanker Natuna Sea has been dispersed and remaining oil on the vessel was being transferred, the Maritime and…
Minoan Shares Bounce Back
Minoan Lines shares were recovering on Wednesday after a five-day slide following the sinking of one of its ferries trimmed more than 25 percent from its stock value.
Search Continues For Missing Trawler Crew
Irish authorities resumed their search on Wednesday for seven crewmen missing from a Spanish trawler, which perished off the west coast of Ireland on Tuesday, but…
SS&Y Atlantic Index Up, Pacific Index Down
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 162 points in the week ending Monday to 5,700. "Capesize rates strengthened overall by the middle…
Vosper Thornycroft May Have To Lay Off 650
Vosper Thornycroft Holdings Plc said on Tuesday it may have to make up to 650 people redundant due to a shortage of short-term shipbuilding production work. Vosper…
Irving Shipbuilding To Construct Tugs For Panama Canal Authority
Irving Shipbuilding has secured an order for two azimuthing stern drive Tugs for the Panama Canal Authority. The 101 ft. (30.8 m) reverse tractor tugs are driven…
Costa Crociere Unit Orders Two New 105,000-Ton Vessels
Costa Crociere S.p.A., a unit of Carnival Corp. has signed a letter of intent with Italian shipyard Fincantieri Cantieri Navali S.p.A. 2004. The 2,720-passenger ships…
Atlantic Marine Wins Second Reinauer Tug/Barge Contract
Atlantic Marine, Inc. has received a contract for a second state-of-the-art articulated tug and barge (ATB) vessel to be built at its Alabama Shipyard facility in Mobile…
Taiwan To Ease Direct Shipping To China
Taiwan will ease a ban on direct trade and shipping links with China from mid-December, calling it a goodwill gesture and urging its arch-rival to reciprocate. "We are waiting for them.
EU Could Resolve Shipbuilding Row At WTO
The European Union could take South Korea to the World Trade Organization (WTO) over its shipbuilding practices after talks last week failed, EU officials said.
U.S. Supreme Court Reject Exxon Appeal
The U.S. Supreme Court rejected on an appeal by Exxon Mobil Corp. over the $5 billion punitive damages verdict against it for the 1989 Exxon Valdez accident, the nation's worst oil spill.
EU Calls For Single-Hull Phase Out
European Union governments on Monday called for single-hull oil tankers to be phased out as part of their response to the Erika oil spill disaster. The EU wants…
U.S. Company To Assist Russian Sub
Russia signed a deal with an American company - the Norwegian arm of Halliburton -- to recover at least some of the bodies of the 118 sailors who died when the submarine…
Cammell Laird Receives Major Refit Contract
Cammel Laird was awarded a major UK Ministry of Defence ship refit contract involving the mid life extension of the diesel electric powered Oceanographic Research Vessel RMAS Newton…
LR's Gavin Addresses Substandard Shipping
"The loss of the Erika has focused the legislators, politicians, classification societies, owners, charterers and the media on the responsibilities of the individuals…
U.S. Navy Keeps Ship-Shape With Software
The Naval Surface Warfare Center uses Adams software to simulate USN ship hull and deck equipment. The technology is used for conceptualization and design-for-manufacturability simulations.
Latest Developments in Engine Room Simulators
Transas Marine has released a new simulator product, which is a stand-alone Engine Room simulator, ERS Solo. This simulator broadens the company's existing product range of Engine Room simulators…
