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Shipping Turns From Banks to Equity Markets for Cash

File photo

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s.

Homeland Security Secretary Visits Ingalls Shipbuilding

Ingall Shipbbuilding visit: Photo credit HII

Huntington Ingalls Industries' Ingalls Shipbuilding division apprises it has hosted a visit by Secretary of Homeland Security Secretary Jeh Johnson and U.S. Rep. Steven Palazzo (R-Miss.). In the course

Among 2014's Most Powerful & Influential Women: Karen Jones

Karen Jones: Photo Ryder

Commercial transportation and supply chain management firm Ryder System Inc. say that their Chief Marketing Officer, Karen Jones, was named one of 2014’s Most Powerful & Influential Women by the Florida Diversity Council.

Shipbuilding

Keel-Laid for Navy's 10th LCS at Austal Yard

A Littoral Combat Ship: USN photo

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords'

Lockheed Martin's First Marine LNG Tank Goes to Harvey Gulf

LNG tank: Image Lockheed Martin

Lockheed Martin notifies that its first Liquefied Natural Gas (LNG) tank has transitioned from the

Deal to Build Russian 60MW Icebreakers Imminent

LK-60 icebreaker rendering credit Rosatom

The state nuclear power company Rosatom is about to reach a deal with United Shipbuidling

Contracts

Havyard to Build Hybrid Battery Arctic PSV

Arctic PSV rendering courtesy of Havyard

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE

Transocean's Latest Fleet Update Summary

Offshore drill ships: Image courtesy of Transocean

Transocean Ltd. has issued its latest comprehensive Fleet Status Report which provides the current

TEPNG Integrates AVEVA Engineering & Design

AVEVA announced that TOTAL E&P Nigeria Ltd. (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach.

Technology

British Navy Tests Remote-Controlled Minehunter

Launching 'Remus': Photo UK MOD

A remote-controlled boat, named 'Hazard' that can search for, hunt and destroy mines is being

MAN Ready Willing & Able for Maritime Tier lll

Marine Diesel Engine 8L70ME: image MAN

“We are ready for IMO Tier III”, said Dr Stephan Timmermann, MAN Diesel & Turbo Executive Board

Offshore Service Vessels Design Innovation

PSV World Sapphire from Damen (Photo courtesy Damen)

It could be argued that no other sector of the maritime market has experienced a design innovation

Legal

OSG Confirms Jones Act Status

OSG Tankship photo courtesy of the owners

Overseas Shipholding Group, Inc. (OSG) lets it be known that U.S. ownership of its common stock at

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he

Somali Pirate Sentenced to 12 Years by German Court

A German court sentenced a Somali asylum-seeker to 12 years in jail on Thursday, for his involvement in the pirate hijacking of a tanker in the Indian Ocean in 2010.

People & Company News

Bunker Specialists Endofa Name Hoffmann CEO

Lars Hoffmann: Photo Endofa

Endofa, an independent marine fuel supplier and bunker trader, informs it has named Lars Hoffmann

Stranded Virginia Beach Bulker Salvage Plan Set

Stranded Bulk Carrier: Photo USCG

The Coast Guard advises it is in the final stages of reviewing a salvage plan that is scheduled to

Two Marine Engineers Join Specialists EBDG

John T.D. Lair: Photo EBDG

Naval architecture, marine engineering & production support service providers Elliott Bay Design