Increased power for the Sulzer RTA96C
Wärtsilä Corporation has increased the power outputs available from Sulzer RTA96C low-speed marine diesel engines by some four percent, and also added a 14-cylinder…
Adsteam To Buy Howard Smith Ltd.
Australia's largest marine towage group Adsteam Marine Ltd. has agreed to buy Howard Smith Ltd's Australian and U.K. towage businesses for A$500 million. "The transaction…
Japanese-Chartered Tanker Is Free To Leave
The Indonesian Supreme Court has ruled that a Japanese-charted oil tanker, held up by a local dispute, can leave the country but when was unclear, an official with the oil company involved said.
P&O Powers Through Poor News
Britain's Peninsular and Oriental Steam Navigation Co (P&O) shrugged off higher fuel costs and fears of a downturn in the United States to beat forecasts with a 12 percent rise in profits.
Vopak Sells Stake In Heavy Transport Group
Dutch-based chemical distribution and storage company Vopak NV said on Thursday it had sold one third of its 30 percent stake in unit Heavy Transport Group NV to unlisted Dutch partner Heerema.
ABS, DNV, LR Take Action
Three leading bodies responsible for surveying ships and verifying them as seaworthy launched an initiative on Thursday aimed at dispelling growing industry concern…
Atlantic Rates Set To Move Higher
Panamax fixtures for end-March loading dates supported forecasts that Atlantic rates are set to move higher, shipbrokers said. But although the Capesize move to…
World's Biggest Oil Platform May Sink
The world's biggest oil platform, owned by Brazil's state oil giant Petrobras, may sink, sending the death toll to 10 after two powerful explosions rocked the rig earlier Thursday…
Transas Awarded An Order For OOCL Container Ship Model
According to the order received from the global container transportation company, Orient Overseas Container Line (OOCL), Transas Marine will create a mathematical and visual model of the company's 75…
Leading Societies Launch Sweeping Safety Initiatives
American Bureau of Shipping, Det Norske Veritas and Lloyd's Register have developed a series of initiatives to further improve the safety of international shipping.