Capstone Turbine Corporation (www.capstoneturbine.com), a manufacturer of microturbines, entered into an original equipment manufacturer (OEM) agreement with Kilo-Pak for microturbine-based onboard power packages for the marine industry.Onboard…
In addressing a conference in Nan Tong which included 120 of the world’s leading shipbuilding executives from Japan, Europe, China, Korea and USA (JECKU), CESA Honorary Chairman and Fincantieri chairman Corrado Antonini said in his keynote speech: “Despite signs of recovery in global shipping…
One hundred and twenty leading executives from the major shipyards from Japan, Europe, China, Korea and the U.S. (JECKU) held a conference to exchange views on global economic development, supply and demand prospects as well as important technological…
Northrop Grumman Corporation (NYSE: NOC) reported that third quarter 2010 earnings from continuing operations increased to $489 million, or $1.64 per diluted share, from $464 million, or $1.45 per diluted share, in the third quarter of 2009…
Tsakos Energy Navigation signed a cooperation agreement with China Classification Society (CCS) to jointly develop shipping and energy related projectsin China. CCS was established in 1956, is one of the ten full members of the International…
STX Finland Oy and Viking Line ABP have signed a preliminary agreement for the construction of a new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The ship price will be about 240 million Euros…
The U.S. Navy conducted a full power demonstration of a Riverine Command Boat (experimental) (RCB-X) powered by alternative fuel, Oct. 22, at Naval Station Norfolk, Va. Testing and evaluation of alternative fuels from the 49-ft. RCB-X boat supports…
ABS Nautical Systems has added four senior executives to lead the firm’s growth globally and to better serve its customers. Thomas Blenk has been appointed Vice President of Global Operations for ABS Nautical Systems based in Houston. Blenk…
DryShips Inc. announced today that its fully-owned subsidiary Ocean Rig UDW Inc has signed definitive documentation following the previously announced Letter of Award. The contracts were signed with subsidiaries of Vanco Overseas…
The cruise ship AIDAbella broke a Guinness World Record and is now the largest cruise ship ever to pull a water-skier. The world record was set in early October off the Spanish coast in the Bay of Alicante. In the shallow waters during the early morning sunshine…
South Korea will ban, according to a Yonhap report, all single-hull tanker operations starting in 2011. The news agency reported that the Ministry of Land, Transport and Maritime Affairs said that all locally registered single-hull tankers with a deadweight tonnage of 5…
A year after a shipbuilding contract dispute emerged between Otto Marine unit Otto Offshore and GC Rieber Shipping ASA, a settlement has been reached.Otto Marine announced that it has entered into a 'mutually beneficial global settlement' with GC Rieber…
According to an AFP report, Vietnam has named a new chairman to take over Vietnam Shipbuilding Industry Group (Vinashin), after the last head was arrested for driving the company into massive debt. Prime Minister Nguyen Tan Dung reportedly appointed Nguyen Ngoc Su…
There is a new focus on technological solutions for ship self-defense against pirate attacks. Although some systems have been around a bit longer, the surge in new products is attributable largely to the dramatic increase in attacks on ships by Somali pirates over the last few years…
While it may be an unpopular opinion, I support marine environmental regulation – so long as it is sensible, fair, well-researched, and structured so as to result in minimal unintended consequences. Knee-jerk regulation, on the other hand, is invariably counterproductive…