Charlotte-based manufacturer Curtiss-Wright Corp. has won a series of contracts valued at $480 million to supply parts for the U.S. Navy’s Virginia-Class nuclear submarines. The Navy’s Block IV Virginia Class Submarine Program covers 10 submarines…
The new mandatory code for ships fuelled by gases or other low-flashpoint fuels was adopted by IMO's Maritime Safety Committee (MSC), when it met at the Organization's London headquarters for its 95th session from June 3-12, 2015. The Committee…
The maritime industry was front and center yesterday in Washington, D.C., as “getting more oil on the water” was touted as one piece of the puzzle in ensuring future U.S. energy security, said U.S. Secretary of Energy Ernest Moniz. Sec. Moniz spoke yesterday at the U…
A brass propeller from the first U-Boat to be sunk a century ago has been given back to the country it belongs to, the U.K. Maritime and Coastguard Agency (MCA) reported. The propeller from the German World War I submarine U-8 was handed…
Maritime security operations by Australian and New Zealand frigates operating in the Middle East region during the past six weeks have seized almost a tonne of narcotics worth an estimated street value of $711 million. Royal Australian Navy Guided Missile Frigate…
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years…
United Nations' International Maritime Organization (IMO) adopted globally binding regulations for ships using liquefied natural gas (LNG) as fuel.The IMO has just adopted a new international code of safety for ships using gases or other low-flashpoint fuels – the so-called IGF Code…
MacGregor, part of Cargotec, has signed a major contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea to supply a range of Hatlapa deck machinery for ten 172,600m3 liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery…
There is no question that these are challenging times for offshore oil in the Gulf of Mexico. However, while some vessel operators are tying up boats, Bordelon Marine is continuing with its aggressive build program. Designed for flexibility…
The Sparrows Group has boosted its senior management team with the appointment of a director to head up its operations across the Americas.Steve Bertone joins the Sparrows Group, after 33 years with McDermott International.In his new role…
Carnival Corporation & plc, Meyer Werft and Meyer Turku today announced a multi-billion Euro contract for four 180,000 gross ton large next-generation cruise ships. The ships will feature a revolutionary “green cruising” design and will…
The global macroeconomic scene has become more volatile, with prominent factors such as oil prices and global currencies causing a commotion. This is resulting in large-scale distributional changes of wealth and income that will impact global trade patterns in the long run if these changes stick…
In response to market demand, members of the G6 Alliance today announced service enhancements in the Asia – North America (Pacific Southwest) trade.Service EnhancementsCentral China 2 (CC2) Service – Additional Pusan callThe CC2 service will be upgraded to include a permanent Pusan call…
The European Innovation Project LeanShips – Low Energy And Near To Zero Emissions Ships – will demonstrate the effectiveness and reliability of energy saving and emission reduction technologies at real scale. LeanShips is one of the first…
One of the best-known commercial fishing vessels in the world, the Cornelia Marie, has just undergone life-extending surgery. The Bering Sea crabber has gained a wide public following both for the family saga of ownership and for her role in…
