Top News of the Week March 10 – 15, 2014

Boxship Yusuf Cepnioglu Runs Aground off Greece

The 116m-long Turkish boxship, Yusuf Cepnioglu ran aground on the coast of Mykonos island, the Aegean Sea, Hellenic Coast Guard reported on Saturday, March 8th 2014.

VARD Secures Its Largest Single Vessel Order

Vard Holdings Limited (VARD) has entered into a Letter of Intent with Solstad Offshore (Solstad) for the design and construction of a large Offshore Subsea Construction Vessel (OSCV). The contract will be the largest single vessel order in VARD’s history.

Six People Rescued from a Stricken Cargo Vessel

The Royal Navy has rescued six people from a stricken cargo vessel after responding to a mayday call on Sunday morning.

HHI Sets Up a New Record

South Korean shipbuilder and one of the world’s biggest, Hyundai Heavy Industries (HHI) has set a new daily naming ceremony record.

VARD Bags OSV Duo

Vard Holdings Limited (VARD), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured contracts with an undisclosed customer for the construction of two offshore support vessels.