China Shipyards Deliver Three Bulk Carriers

COSCO Corporation (Singapore) announce deliveries of three bulk ships from its shipyards in China. Subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: COSCO…

Shipbuilding

DFDS Cancels P+S Werften Shipbuilding Contracts

Short sea RoPax ferry operators DFDS cancel contracts for two RoRo freight ships from Gernan shipyard in liquidation. DFDS say that the contracts worth DKK 1.0-billion are cancelled on account of the shipyard’s breach of…

Contracts

Underwater Salvage Work on 'Rena' Starts Soon

A specialist team of divers from the United States, plus the RMG 280 crane barge due to arrive shortly, reports the wreck salvors. Latest reports from the site follow: Salvage (Resolve Salvage & Fire) • The total…

People & Company News

Costa Execs, Captain, Blamed in 'Concordia' Report

Experts state in a leaked pre-trial report that the cruise giant failed to act in 'Costa Concordia' accident. Europe’s biggest cruise operator Costa Crociere may have failed to act promptly in the Costa Concordia…

Legal

Marine Engine Parts & Repair Program Launched by CAT

Caterpillar Marine Power Systems announces a new Repair and Exchange Parts (REParts) program with cost savings. MaK REParts are original used parts rebuilt to the same quality standards as their original OEM parts. By…

People & Company News

ABB Turbocharger Service Facility for Dubai

ABB Turbocharging to open a dedicated service point in the Drydocks World facility in Dubai. This new cooperative agreement was marked formally by signing a Memorandum of Understanding at a ceremony in conjunction with…

People & Company News

Japanese LNG Carrier Adds to Ocean Studies

NYK LNG carrier 'Broog' recognized by Japan Coast Guard for long-term contribution to oceanography by taking sea-water samples. Every year on September 12th, the commandant of the Japan Coast Guard recognizes individuals…

People & Company News

Volvo Acquires a Quarter Holding in Deutz

AB Volvo finalizes acquisition of shares in Deutz AG to increase its shareholding in Deutz AG from 6.7% to just over 25%. In total, AB Volvo has acquired 22,117,693 shares from Same Deutz-Fahr Group for an amount of EUR…

People & Company News