Eagle Shipping Ltd.

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Ships

ATLANTIC EAGLE

Supply Vessel | Flag: Norway | Port: BERGEN

NATALIE

Supply Vessel | Flag: Antigua and Barbuda | Port: ST. JOHN'S

Maritime News

Hyundai Heavy Industries Plans IPO for Green Tech Investment

Hyundai Heavy Industries Plans IPO for Green Tech Investment

10 minutes ago
South Korean shipbuilder Hyundai Heavy Industries Co Ltd said on Tuesday that it plans an initial public offering (IPO) to raise funds toward a 1 trillion won ($905 million) investment over five years into green technology.Hyundai Heavy will issue a stake of about 20% in new shares within the year, the shipbuilder said in a statement.The money will go toward the development and construction of green ships and facilities, advancement of technologies such as dual-fuel propulsion and autonomous sailing ships, as well as toward investments in companies with fuel cell technologies, it said.The shipbuilder is currently wholly owned by Hyundai Heavy Industries Holdings Co Ltd.($1 = 1,105.
US Maritime Industry Praises Biden's 'Buy American' Order

US Maritime Industry Praises Biden's 'Buy American' Order

15 minutes ago
President Joe Biden on Monday signed an executive order aiming to use government spending to strengthen domestic manufacturing and create markets for new technologies, in a move widely praised by America's maritime industry.The executive order, titled Strengthening "Buy American" Provisions, Ensuring Future of America is Made in America by All of America’s Workers", calls for increasing the amount of U.S. content that must be in a product for it to be considered made in America under existing "Buy American" requirements. It also makes procurement more transparent, and creates a senior White House role to oversee the process.
Saga Sees Resilient Cruise Bookings Despite COVID Concerns

Saga Sees Resilient Cruise Bookings Despite COVID Concerns

26 minutes ago
Britain’s over-50s holidays group Saga said on Tuesday total cruise bookings stood at 140 million pounds ($191.3 million) as it prepares to restart sailing in May after a torrid year for the travel industry due to the global health crisis.Mass vaccination drives have offered hopes for a revival this year but the industry faces fresh uncertainty as new variants of the coronavirus force some countries to bring back curbs, threatening a quick return to normalcy in leisure travel.The owner of Saga Holidays and Saga Cruises has mandated vaccinations for its travelers after customer feedback
Propulsion: ME-GI to Power Ultra-Large Hapag-Lloyd Containerships

Propulsion: ME-GI to Power Ultra-Large Hapag-Lloyd Containerships

3 hours ago
MAN Energy Solutions won an order for six MAN B&W 11G95ME-GI Mk10.5 main engines in connection with the building of six ultra-large, 23,500+-teu container vessels for Hapag-Lloyd.The engines will be built in Korea and will offer the option of operating on LNG or conventional fuel, meeting Tier III emission standards through SCR (Selective Catalytic Reduction). The first engine delivery is scheduled for May 2022. Korean shipyard, Daewoo Shipbuilding & Marine Engineering, will build the vessels with delivery expected from April through December 2023.The newbuildings will be deployed on the Europe – Far East routes as part of THE Alliance.
Fairbanks Morse Wins USCG Engine Service Contract

Fairbanks Morse Wins USCG Engine Service Contract

an hour ago
Engines manufacturer Fairbanks Morse said it has been awarded a six-year indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Coast Guard (USCG). The agreement, worth approximately $53 million, enables Fairbanks Morse to maximize and improve engine lifecycle support for the USCG’s 270-foot WMEC Famous Class Cutters.As part of the USCG 270-foot WMEC Service Life Extension Program (SLEP), Fairbanks Morse was awarded this contract to provide services, personnel, facilities, expertise, technological information, special tools, supplies and incidental materials necessary to ensure the longevity of the fleet’s 18-cylinder FM 251F engines.