McLean Named Man Of The Century; Lowman Earns Humanitarian Award
The Maritime Association of the Port of New York and New Jersey sponsored a tribute to Malcolm P. McLean, founder of Container Shipping and George F. Lowman, chairman and chief executive officer…
J. Erik Hvide Steps Down From Helm At Hvide Marine
On June 2, J. Erik Hvide, chairman and CEO of Hvide Marine has decided to step down from his position effective immediately. Hvide's decision, formally stated at…
War Heroes Remembered With AEGIS Vessels
In remembrance for his valiant and dedicated efforts to his fellow soldiers, the U.S. Navy last year named its fifteenth Arleigh Burke Class Destroyer in honor of COL Donald G. Cook.
Melding The Old With The New
It's a timeless piece of history that is the newest deal going on in the cruise ship industry - the deal between the Delta Queen Steamboat Co. and Atlantic Marine…
CAD/CAM: Producing Better, More Cost Efficient Ships
The advent of software solutions has infiltrated nearly every sector of the maritime market - from propulsion performance monitoring packages to personnel. It arguably has had no greater impact…
Sulzer RTA60C: Big Power For Fast-Type Ships
Wärtsilä NSD used the recent NorShipping exhibition in Oslo as a launching pad for its latest offering to the marine world, the Sulzer RTA60C, an engine designed…
U.S. Navy Proposes Five Year Charter of Fleet Salvage Tug
The Naval Sea Systems Command (NAVSEA) is planning to lease/(bareboat charter) the fleet salvage tug USNS Narragansett (T-ATF 167) to a U.S. company that can show…
Cruise Market Review
With the buoyancy in newbuild business witnessed so far this year, the cruise ship orderbook stands at an all-time high of some 48 vessels. Erring on the conservative side…
Tapping LNG on the fjords
In the first application of its type in marine propulsion, a Norwegian fjord ferry is to use LNG (liquefied natural gas)-fueled engines as the prime movers for a…
U.S. Oil Drilling Rig Count Down 10, Canada up 18
The number of rigs exploring for oil and natural gas in the U.S. reportedly fell by 10 from last week to stand at 570 as of July 9.
Norwegian Ferry Insured For $66M
Prinsesse Ragnhild, the Norwegian ferry which caught fire off Sweden, was reportedly insured for a total value of $65.80 million.
IEA: Says Oil Demand Slump Has Bottomed Out
Oil demand in the territories of the former Soviet Union reportedly has bottomed out after a long decline.
Kvaerner Wins Carnival Deal
Carnival Cruise Lines is reportedly ordering a $375 million cruise vessel from Kvaerner's Masa Yards unit in Finland.
Litton Withdraws Deal For Newport News
Litton Industries Inc. has reportedly withdrawn its $1.8 billion bid to buy Newport News Shipbuilding Inc., saying the deal was not likely to get the necessary government approval.
German Bank Signs $52M Loan for Croatian Shipyards
Kreditanstalt fuer Wiederaufbau and a Croatian reconstruction bank have reportedly signed a $52M loan for modernization of five state-owned shipyards.
Norwegian Ferry Fire Claims Life
Tragedy again has struck the well-established Scandinavian ferry business, as some 1,300 people were safely evacuated from a blazing Prinsesse Ragnhild, a Color Group-owned Norwegian passenger ferry…
Marine Electronic Giants To Merge Operations
SAIT-RadioHolland is merging its marine activities with those of German STN Atlas, part of the Rheinmetall Group. The 50/50 joint venture has been named EuroMarine Electronics.
OMI Sells Tanker
OMI Cop. sold and leased back a 1999-built Suezmax tanker. OMI also said it had sold the 1975-built 146,108 dwt Czantoria for demolition.
NCL To Be Listed On NYSE
Norwegian cruise firm NCL Holding ASA has been approved for a listing on the New York Stock Exchange. NCL would be listed under the symbol NRW.
EU to Kvaerner: We Want Our Money Back
The European Commission reportedly has ordered KWW -- a German subsidiary of Kvaerner Plc -- to repay $42.31 million of state aid. The company is reportedly mulling an appeal.
