The latest generation of mtu Series 4000 commercial marine engines for tugs, ferries and workboats will boast significantly extended engine running times of up to 96,000 hours between overhauls (TBO), according to manufacturer Rolls-Royce.In general…
Rolls-Royce Extends TBO Intervals of mtu Series 4000 Engines Read More »
The ship recycling market could be headed for a turn of fortune, with prices offered edging downwards, as recyclers are growing wary of the existing market conditions. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “some cauti…
Demolition Market Could Come Under Stress Moving Forward Read More »
Investors have ordered a larger tonnage of new vessels at shipbuilding yards this year. But the newbuilding revival has not been evenly spread among ship types. Amid the imponderables of regulation and technology, what is shaping the trends and outlook…
An uneven revival in newbuilding orders Read More »
A see-to-it guarantee is an undertaking by an entity to be answerable for the debt or obligation of another if the other party defaults. The essential feature is that liability under the guarantee depends on the defaulting party’s liability under the u…
Interpreting see-to-it and on-demand guarantees Read More »
Towage operator Svitzer announced an agreement with Robert Allan Ltd. and Sanmar Shipyards to build its next generation multipurpose tug.According to Svitzer the new smaller and nimbler TRAnsverse Tug is able to generate higher steering forces…
Svitzer Unveils TRAnsverse Tug Read More »