Canada buys replacement ferry for Bay of Fundy service
October 30, 2014—The Canadian Government has signed an agreement with Attica Holdings S.A. of Greece to acquire the RoPax ferry Blue Star Ithaki tfor a total cash consideration of EUR 31.2 million (about Canadian $44.6 million). It will replace the MV Princess of Acadia, which serves the Saint John, New Brunswick to Digby, Nova Scotia ferry route, operated by Bay Ferries Ltd.
Steering Toward The Future
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Shipyard pays, whistleblowers collect
The U.S. DOJ says that North Florida Shipyards, Jacksonville, FL and its president, Matt Self, will pay $1 million to resolve allegations that they violated the False Claims Act by creating a front company in order to be awarded Coast Guard contracts designated for Service Disabled Veteran Owned Small Businesses (SDVOSBs).
Carnival Cruise’s Cahill to retire
Gerry Cahill, president and CEO of Carnival Cruise Lines, announced today that he is retiring, effective November 30, after 20 years of service.
Red ink tide rises at Hyundai Heavy
The world’s largest shipbuilder, South Korea’s Hyundai Heavy Industries has reported a record quarterly operating loss of 1.93 trillion won ($1.83 billion).
Cruise ships calling Halifax can plug into shore power
Testing of the shore power system at the Port of Halifax has been underway since the end of September. The system is now fully operational and is ready to be used by shore power-equipped cruise vessels calling on Halifax. The Port anticipates over 25 shore power connections during the 2015 cruise season.