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April 16, 2014
Rolls-Royce to pay EUR 2.43 billion for Daimler RRPS stake
APRIL 16, 2014 — Rolls-Royce and Daimler report that they have agreed the valuation of Daimler's 50% equity interest in the joint venture Rolls-Royce Power Systems (RRPS). Both parties have determined the fair market value of Daimler's shares...
April 16, 2014
Great Lakes Shipyard wraps up winter work
APRIL 16, 2014 — Great Lakes Shipyard, Cleveland, Ohio, reports that its winter layup season work is wrapping up. Repair work took place on the American Steamship Company's M/V Sam Laud, Grand River Navigation's M/V Manitowoc, Interlake...
April 16, 2014
Many missing after Korean ferry capsizes and sinks
APRIL 16, 2014 — A massive rescue effort is underway after the capsize and sinking of a 6,586 gt ferry carrying 462 people off South Korea's southern coast. Korea's Ministry of Security and Public Administration said there have been at least...
April 15, 2014
Transport this tiny tug anywhere
APRIL 15, 2014 — In collaboration with Dutch shipyard Ooninex Shipbuilding BV, naval architectural firm BEN3D BV, Duizendschoon, the Netherlands, has introduced a compact workboat that can be transported in a standard 20-foot container. Called...
April 15, 2014
Chouest to build additional Brazilian base at Açu
APRIL 15, 2014 — Prumo, a privately held Brazilian company developing the Açu Port in the north of the State of Rio de Janeiro says it has signed an agreement that will see Edison Chouest Offshore build an offshore logistics support base and...
April 15, 2014
Red ink quarter for International Shipholding
APRIL 15, 2014 — International Shipholding Corporation (NYSE:ISH) expects to report a first quarter net loss, before preferred dividends, in the range of $3.3 million to $3.7 million. It says this is primarily attributable to lower than...
April 15, 2014
Saab signs MOU to acquire Kockums
APRIL 15, 2014 — Sweden looks to be on its way to be regaining domestic control of its submarine building industry — fifteen years after selling its national submarine-maker Kockums to Germany's HDW, now ThyssenKrupp, which renamed Kockums as...
April 15, 2014
CIT helps finance bankruptcy sale buy of Deiulemar bulkers
APRIL 15, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $95.2 million senior secured credit facility to Heron Ventures, a joint venture between Oceanbulk Shipping and ABY Group Holding. Oceanbulk Shipping LLC...
April 15, 2014
Havyard books order for hybrid battery Arctic PSV
APRIL 15, 2014 — Fosnavåg, Norway, headquartered Havyard Group ASA is to construct a hybrid battery powered Arctic PSV for Iceland's Fafnir Offshore. The Havyard 833 WE ICE platform supply vessel will be designed by Havyard Design and...
April 15, 2014
Zamakona Yards to build Voith Schneider tug for Haifa
APRIL 15, 2014 — Spanish shipbuilder Zamakona Yards has won an international tender to build a 70 ton bollard pull Voith Schneider tug for the Port of Haifa, Israel. The tug is a sister vessel to tugs already operating in the port, with Voith...

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