AET takes delivery of a second 'eco-design' VLCC that is fully compliant with the IMO Ballast Water Management Convention.Named Eagle Varna, this 320,000dwt vessel is fitted with a range of innovative technology that significantly reduces its fuel consumption and associated emissions…
A few months after opening an office in Stavanger, Damen Shipyards is set to deliver a second Stan Tug to a Norwegian owner - EB Marine A/S - a family-owned diving company, which is one of the oldest diving companies in Norway. This latest order…
Risk is at the heart of all financial transactions. That said; in cases of Mergers and Acquisitions, buyers and sellers of companies can and do have contrasting goals and very different notions of risk in a deal. Sellers often take their company or division to market in order to reduce risk…
The director of the Navy staff spoke at the 'Navy Now Forum' which aims to enhance the Navy & industry relationship.Vice Adm. Richard Hunt discussed the progress the Navy's LCS Council has made in furthering the development of integrating LCS ships into fleet operations…
The province's $260-million loan to Irving Shipbuilding will be 'forgivable' if the shipyard & its direct sub-contractors create 4,000 jobs in Nova Scotia, The government's assistance package, revealed in March 2012, includes the forgivable…
HII's Newport News Shipbuilding (NNS) division celebrates the keel-laying of US Navy Virginia-class submarine 'John Warner'.The keel has been laid for John Warner (SSN 785), the only Virginia-class submarine to bear the name of a person…
The New England Institute of Technology said it will launch a new program for unemployed people in shipbuilding and other maritime high-skill trades, necn.com reported.WPRO-AM reported the program will be based at the school’s campus in Warwick and is due to start this summer…
And Why Knowing the Answer is Critical to Your BusinessOn December 23, 2012, the restrictive measures against Iran contained in Council Regulation (EU) No 1263/2012 came into force. The measures supplement those already contained in Regulation 267/2012 of March 23…
Managing the risks associated with a new ship acquisition, whether commercial or military, can be a daunting process. For the commercial operator, the new ship must make a reasonable profit after the cost of design and the annual operating costs are accounted for…
The 'Cape St George' has been named during a ceremony held at Austal’s Henderson shipyard in Western Australia.Cape St George is the first of eight new boats being built by Austal for the Australian Customs and Border Protection Service under a design…
This launch is part of a $120 million fleet investment program by Vantage Deluxe World Travel.Vantage Deluxe World Travel christened the MS River Splendor in Antwerp, Belgium as the latest addition to its growing European river cruising fleet…
Remontowa Shipbuilding launch building no. B 613/1, the largest ferry of this kind built by the yard to date.Remontowa Shipbuilding says it is the largest production shipyard in Poland, and the only one with extensive experience in the construction of ecological…
The contract is for a high specification, 107-metre long Expedition Support Vessel, specially designed for long expeditions in rough waters. The new vessel will accommodate 60 people and is to be equipped with a helipad and helicopter hangar…
Edda Accommodation, operated by Østensjø Rederi, order a mono-hulled accommodation vessel from Hyundai Heavy Industries.This next generation Offshore Accommodation Vessel, designed by Salt Ship Design, is 155 meter long and will have a total…
Joint High Speed Vessel (JHSV) 2, the future 'USNS Choctaw County', successfully comes through Austal USA's sea trials. Builder's trials are a significant step in the construction and delivery of a ship to the fleet and are the first opportunity…