JANUARY 24, 2017 — The New Orleans Regional Transit Authority has contracted Jeanerette, LA, shipbuilder Metal Shark to design and build two new Mississippi River ferries, reports nola.com.
The website quotes Transdev, which operates the ferry service as saying that a federal transportation grant with a 20-percent match from the Louisiana Department of Transportation and Development will pay for the ferries and that total project would cost about $10 million. The first boat could be delivered in about one year, with the second following six
JANUARY 24, 2017 — Norway's Ulstein Verft AS shipyard is to build a DP2 Construction Support Vessel (CSV) for Netherlands based Acta Marine B.V. Primarily aimed at the offshore wind market, the vessel is being built to a new SX195 design from Ulstein Design & Solutions AS.
"We are expanding our services and fleet for offshore wind and chose Ulstein for our new construction support vessel," says Acta Marine managing director Rob Boer. "The dedicated SX195 design with the X-Stern, an integrated walk-to-work gangway system
JANUARY 24, 2017—Today, Finland’s Meyer Turku Shipyard delivered the 2,800-passenger fast ferry Megastar was delivered to Tallink for its Helsinki-Tallinn route.
The 212m ferry, which will be able to reach service speeds of 27 knots, will begin service as a “preferred hub” connecting Finland and Estonia.
Tallink Grupp CEO Janek Stalmeister, says, “With Megastar , this hub becomes the most modern sea-hub in the region. At Tallink, we have been researching what our customers want in a next generation ferry. Then we worked closely with
JANUARY 24, 2016 — Among a clutch of actions taken by President Donald Trump yesterday was to send the U.S. Trade Representative a memorandum formally withdrawing the United States from the Trans-Pacific Partnership.
Though President Obama had signed the TPP agreement, its prospects of ratification by the Congress had been non-existent.
What's perhaps most interesting in yesterday's memorandum are these words "it is the intention of my Administration to deal directly with individual countries on a one-on-one (or bilateral) basis in negotiating future trade deals.
JANUARY 24, 2017 — Genting Hong Kong has mostly been in the headlines lately as it unveiled ambitious plans to build new vessels for its various cruise brand at its newly created German shipbuilding operation, MV Werften. Yesterday, though, the company issued a profit warning, saying that it expects to record a consolidated net loss in the range of US$500 million to US$550 million for the year ended December 31, 2016, as compared with a consolidated net profit of US$2.1 billion for the year ended
JANUARY 23, 2017 — The Securities and Exchange Commission today charged tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) and its former chief financial officer Myles R. Itkin with failing to recognize hundreds of millions in tax liabilities in its financial statements that had accumulated over nearly 12 years resulting from its controlled foreign subsidiary guaranteeing OSG's debt that had been borrowed under various credit financing agreements.
As a result of the misconduct, OSG materially understated its income tax liabilities by approximately $512 million (17
JANUARY 23, 2017—Bollinger Shipyards LLC, Lockport, LA, announced the delivery of the 80 ft, 2,000 hp inland towboat M/V Cole Guidry to Lorris G. Towing of Cut Off, LA.
Ben Bordelon, President and CEO of Bollinger Shipyards says, “We are pleased to announce the delivery of the M/V Cole Guidry to one of our longtime customers, Luke Guidry. Luke worked closely with our team to design and develop a vessel that will exceed his customers’ expectations. Thanks to his input combined with our workers at
JANUARY 23, 2016 — Huntington Ingalls Industries (NYSE:HII) reports that its Newport News Shipbuilding division recently lifted a 704-metric ton unit into the shipyard's Dry Dock 12, where the aircraft carrier John F. Kennedy (CVN 79) is taking shape.
The superlift is part of an improved build strategy implemented on the second ship of the Gerald R. Ford (CVN 78) class, resulting in superlifts erected at a higher state of outfitting completion.
"For Kennedy, increased pre-outfitting puts into practice one of many lessons learned from