Latest News
Evergreen/COSCON Upgrade China/Persian Gulf Services
May 15 2008 10:24AM
Evergreen and COSCON will launch a weekly independent service to cover the China/Arabian Persian Gulf route starting from early June 2008. These will replace the CPG service, jointly operated by Evergreen and COSCON.Evergreen will deploy six 3,400-TEU size vessels into China and Arabian Persian Gulf...
Teekay Reports 1Q Results
May 15 2008 10:22AM
Teekay Corporation reported net income of $15.2m, or $0.21 per share, for the quarter ended March 31, 2008, compared to net income of $76.4 million, or $1.02 per share, for the quarter ended March 31, 2007. The results for the quarters ended March 31, 2008 and 2007 included a number of specific items...
MAN Diesel Service Center Opens in NJ
May 15 2008 10:19AM
MAN Diesel celebrated the grand opening of a new service center in Woodbridge, NJ. Tore Pedersen, Director MAN Diesel PrimeServ, New York will lead the team providing services, including component reconditioning and spare parts provision to customers for:Two - Four Stroke EnginesMarine Gen-setsStationary...
Free Gas from Ribcraft
May 15 2008 10:02AM
Ribcraft announced a unique solution to raising fuel costs - free gas for the season. "Consumers have been shaken by the spike in fuel prices. There's been a lot of talk about boaters staying ashore this coming season because of sky rocketing fuel prices" said Brian Gray, President of Ribcraft...
Marchen Maersk Named at Odense Steel Shipyard
May 15 2008 10:00AM
On May 10, Odense Steel Shipyard presented its latest newbuilding, a 7,000 TEU container ship, for the A.P. Moller - Maersk Group. Ingrid Steenstrøm Nielsen, wife of Finn Buus Nielsen, Managing Director, Odense Steel Shipyard, honored A.P. Moller – Maersk and the Yard by naming the newbuilding Marchen Maersk...
Biggi Set to Retire from UK P&I Club
May 15 2008 9:56AM
Chairman Tullio Biggi has announced he will be retiring from the board of the UK P&I Club with effect from the annual general meeting in October 2008.Biggi’s announcement follows his decision to retire from V.Ships, the company he has represented on the board since first being elected a director of the Club in 1998...
USS Michigan Crew Hones Skills Prior to Deployment
May 15 2008 9:54AM
By Mass Communication Specialist 3rd Class Scott Dagendesh, Fleet Public Affairs Center, Det. NorthwestUSS Michigan (SSGN 727) (Blue) crew Sailors underwent topside line-handling training outside Trident Training Facility at Naval Base Kitsap, Bangor on May 7.Members of the submarine's crew used the...
DryShips Offers Period for Acquisition of Ocean Rig
May 15 2008 9:50AM
DryShips Inc. announced that the Mandatory Offer period for the acquisition of all the outstanding shares of Ocean Rig ASA began today and the appropriate Offer Document has been filed with the Oslo Stock Exchange. The mandatory offer period will end on 11th June, 2008. As of 14 May 2008, Primelead...
This Day in Naval History - May 15
May 15 2008 9:48AM
Story Number: NNS020131-16Release Date: 1/31/2002 10:49:00 AMBy Navy News Service1800 - CAPT Preble in Essex arrives in Batavia, Java, to escort U.S. merchant ships.1942 - First Naval Air Transport Service flight across Pacific.1991 - Amphibious Task Force arrives at Chittagong, Bangladesh, for relief operations after Cyclone Marian....
Evergreen Group Chairman Honored
May 14 2008 10:35AM
Evergreen Group Chairman Dr. Chang Yung-Fa was presented the honor of Commandeur de l'Ordre de laCouronne (Commander of Order of the Crown) by the Belgian Minister ofForeign Affairs, Karel De Gucht. The presentation was made on behalf of HisMajesty King Albert II and took place at a ceremony held in the Palaisd'Egmont in Brussels...
Air emissions update
May 14 2008 10:33AM
Recently, the Marine Environmental Protection Committee (MEPC) of the International Maritime Organization (IMO) took a major step toward bringing order out of the current chaos surrounding the regulation of air emissions from ships by provisionally adopting amendments to MARPOL Annex VI. ...
Offshore Drilling Spends Surges
May 14 2008 10:30AM
High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380b over the five year period to 2012; a rise of nearly 60% in comparison to the $240b spent in the previous five years. The latest edition of the ‘World Offshore Drilling Spend Forecast 2008-2012’...
New contracts for Dockwise
May 14 2008 10:28AM
Dockwise Ltd. announced that three new contracts have been awarded to their subsidiaries Dockwise Shipping and ODL for the transportation of a semi submersible drilling rig, for the transportation of the hull of a production platform and for a FEED study of a jacket design respectively. Dockwise Shipping...
Star Bulk to Change Accounting Policy for Drydocking Costs
May 14 2008 9:21AM
Star Bulk Carriers Corp. announced that starting with its fiscal first quarter ended March 31, 2008, it has elected to change its policy for accounting for vessel drydocking costs from the deferral method, under which the company deferred and amortized its drydocking costs over the estimated period of...
This Day in Naval History - May 14
May 14 2008 9:17AM
By Navy News Service1801 - Tripoli declares war against the United States.1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first majorscientific expedition overseas. 1845 - First U.S. warship visits Vietnam. 1975 - Marines recapture Mayaguez, go ashore on Koh Tang Island and release the crew....
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