Top News of the Week March 24-29, 2014

MHI Faces $585 mln Loss Due to Construction Delays

Mitsubishi Heavy Industries, Ltd. (MHI) has decided to book an extraordinary loss of approximately $585 million from its cruise ship business in the company’s consolidated financial results for fiscal year (FY) 2013 (ending March 31, 2014).

Damen Lands $224 mln Deal in the Bahamas

The Government of Bahamas has placed an order for nine new vessels to be built by Dutch shipbuilding group, Damen Shipyards.

Britain’s Biggest Warship Naming Countdown Kicks Off

One hundred days from today the biggest warship Britain has built will be officially named by Her Majesty The Queen.

Shipyard De Hoop Builds New Vessel for Nigeria

Shipyard De Hoop has recently secured an order for the design and construction of an Intermix/Transmix vessel.

The World’s Most Powerful Bulk-Carrying Icebreaker Joins Fednav Fleet

The most powerful bulk-carrying icebreaker in the world, the MV Nunavik has arrived in Canada.