Acquisition Expands Rolls-Royce's Marine Capability
Rolls-Royce plc, has further expanded its capabilities with the acquisition of German company INTERING GmbH for an undisclosed sum. Rolls-Royce is now the only company able to offer tank stabilizers…
Manpower Software Lands Myriad of Cruise Contracts
Manpower Software plc (MSW) today announces the award of two contracts for the sale of its Maritime Crew Administration product to Royal Caribbean Cruises Limited (RCCL) and Sun Cruises Limited (SCL)…
North Sea Tanker Markets are Lowest in One Year
North Sea tanker markets have tumbled further in the last few days to levels not seen in over a year, brokers said on Wednesday. "The Aframaxes (80,000 tons) are definitely in trouble…
Transatlantic Panamax Rates Hit Six-Week Lows
Panamaxes for transatlantic round voyages fell to six-week lows on Wednesday as trade was limited by a series of European holidays in the month of May, brokers said.
Flag of Convenience Embraces UAE's Decision To Crack Down on Corruption
A leading maritime Flag of Convenience (FOC) has welcomed the United Arab Emirates' (UAE) decision to clamp down on the industry and has called for more regular…
GD Takeover of NNS Could Curb Competition Within U.S. Warship Construction
General Dynamics Corp.'s contested $2.1 billion plan to take over Newport News Shipbuilding Inc. could stifle competition in U.S. warship building, a congressional analysis released Tuesday showed.
Kvaerner Lands $67.7 Million Containership Contract
Anglo-Norwegian engineering group Kvaerner said on Wednesday it had won a contract valued at 627 million crowns ($67.7 million) from Hamburg-based Oskar Wehr GmbH to build two containerships.
Oceaneering and DNV Form Joint Venture
Oceaneering International, Inc. announced that its Norwegian subsidiary, Oceaneering AS, has entered into a joint venture agreement with Det Norske Veritas (DNV)…
