Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar. Shares of the world's second-largest cruise operator, which also cut the higher end of its full-year net yields forecast…
The International Chamber of Shipping (ICS) has dismissed the recent claim by the European environmental lobby group Transport and Environment (T&E) that modern ships are somehow less CO2 efficient than those built over 20 years ago as ‘fanciful’…
Caterpillar Marine has completed the acquisition of ESRG Technologies Group, LLC, a vessel monitoring and data analytics company in the marine industry. The acquisition includes ESRG’s software suite for the remote monitoring and diagnostics…
Ancasta International Boat Sales is in the process of launching the Prestige 680, the newest luxury motor yacht from Prestige, which will have its world premiere at Cannes in September 2015. A 21m flybridge cruiser, the Prestige 680 boasts…
OSK-ShipTech A/S has acquired consulting naval architects A/S Jørgen Petersen who has more than 40 years of experience in ship design and consulting in the marine industry. The acquisition took effect April 1, 2015. Citing strong business development within passenger vessels in recent years…
Hybrid Marine Power & Propulsion Workshop – Southampton – May 13 & 14, 2015 In May 2015 U.K. based Shock Mitigation will bring together a group of experts armed with the latest knowledge that will assist the sub IMO professional sector to…
Doosan Fuel Cell has appointed Dr. Sathya Motupally as its chief operating officer (COO), the company’s president and CEO Jeff Hyungrak Chung announced. Dr. Motupally, a 13-year industry veteran who previously served as Doosan’s vice president of research…
Alfa Laval has entered into a patent license agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the use of DSME’s patents on high pressure fuel gas supply systems. The agreement signed in March 2015 enables Alfa Laval to further…
Spurred by the International Maritime Organization (IMO) emissions standards effective from January 2015, liquefied natural gas (LNG) as a marine fuel is one of the most important developments impacting shipping. Yet there are many issues and unanswered questions being debated…
A ship management company has been fined $283,500 in connection with a breach of clean air regulations in the United States, the International Transport Intermediaries Club (ITIC) has confirmed. ITIC reports that an inspector of the California Air Resources Board…
Crowley Maritime Corp. announced its membership in the Trident Alliance, a coalition of shipping owners and operators that share a common interest in robust enforcement of existing maritime sulphur regulations. In joining, Crowley said it has signed a statement of commitment…
Cornelius Weitzmann was appointed as Managing Director of the Power, Oil & Gas business division at Voith Turbo GmbH & Co. KG., effective April 1, 2015. He will be taking over from Matthias Grawe, who is leaving the company on March 31, 2015…
AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly in the offshore and renewable energy sectors.AKD partner Haco van der Houven van Oordt says…
'Our first three months of Emission Control Area operation have run without a hitch,' said Carisbrooke Shipping CEO Robert Wester. 'We put this down to careful preparation supported by the skill and diligence of our sea staff.' Since January 1…
Nakashima Propeller and ClassNK held a joint technical seminar in Hamburg on March 19. Nakashima Propeller and ClassNK, from their respective roles in the industry, provide products and services to support ships through their lifecycle.…
