Transas Makes Breakthrough In Visualization Technologies
Transas is introducing the next generation of its visual presentation system based on the new Transas visualization technology. The new software, which has been named Seagull_Vis 4000…
CP Ships Posts Modest Loss
CP Ships Limited announced an unaudited first quarter 2002 operating loss of $6 million, down from an operating profit of $31 million in the first quarter 2001 and…
GD Reports Solid 1Q Results
General Dynamics reported first quarter 2002 net earnings of $229 million, or $1.13 per share on a fully diluted basis, on sales of $3.1 billion. For the first quarter of 2001…
Northrop Grumman Reports 1Q Results
Northrop Grumman Corporation reported first quarter 2002 net income of $149 million, or $1.27 per share, compared with net income of $132 million, or $1.81 per share…
Smedvig Wins Drilling Contract
Maatschappij (NAM) for the assignment of the jack-up drilling rig West Epsilon offshore Holland. The contract is in direct continuation of the current contract with NAM…
FGH Records Large Non-Cash Write Downs
Friede Goldman Halter, Inc. (FGH) filed a Form 10-K with the Securities and Exchange Commission. weeks. The company reported a loss for the year ending December 31st 2001 of $401.6 million…
GlobalSantaFe Reports 1Q Results
GlobalSantaFe Corporation reported net income for the quarter ended March 31, 2002, of $77.1 million, or $0.33 per diluted share, on revenues of $464.0 million.
Keppel Corporation Elects Two Top Names To Board
Keppel Corporation Limited (KCL) has appointed Tony Chew Leong-Chee and Dr. Lee Tsao Yuan to its Board. Both Chew and Dr. Lee are no strangers to the Keppel Group…
Nalfleet Marine Tests Kittiwake's Equipment
Nalfleet Marine Chemicals, the marine division of specialty water treatment company, Ondeo Nalco, has selected Kittiwake developments for its test kits and equipment.
Sperry Marine Opens Training Center In U.K.
Sperry Marine, a unit of Northrop Grumman Corporation, has established a new training center in New Malden to provide realistic, practical training for ships' navigation…
Spinnaker: London faces Seafarer Shortage
Maritime recruitment specialist, Spinnaker Consulting, says maritime employers in London face a shortage of ex-seafarers willing to join them. High housing costs…
Transpacific Vessel Capacity Resumes Growth
Total vessel capacity supply by ocean carriers on the transpacific trade has started increasing again, according to a report released this week by ComPair Data Inc.
Odyssey Appoints COO
Odyssey Marine Exploration, Inc., a leader in the field of worldwide deep ocean shipwreck exploration, announced the addition of George J. Becker Jr. as COO. Becker…
Navibulgar Finalises Varna Shipyard
Navigation Maritime Bulgare (Navibulgar), the nationally owned Bulgarian shipping company, has confirmed its acquisition of Varna shipyard, which has been in administration since January.
AMS Navy Deal Modified
American Management Systems, Inc., Fairfax, Va., is receiving a $5,058,324 modification to a previously awarded cost-plus-fixed-fee, indefinite-delivery and indefinite…
Augustine Joins Paragon Engineering
John Augustine has joined Paragon Engineering Services, Inc. of Houston as senior vice president to serve as one of the company's top executives, reporting to James R.
Norwegian Shipowner Implements SAFIR 4.0
Kristian Gerhard Jebsen Skipsrederi AS (KGJS), one of the largest shipping companies in Norway has completed the first implementation stage of SAFIR 4.0; a comprehensive…
Diamond Offshore Receives MMS National SAFE Award
Diamond Offshore Drilling Inc. has been named the recipient of the U.S. Department of Interior's Minerals Management Service (MMS) 2001 National SAFE Award (Safety…
Delta Queen Makes A Comeback
Following the decision to enter into bankruptcy this past October, American Classic Voyages has agreed to sell two of steamboats - Delta Queen and Mississippi to…
U.S. Navy: AMCV Ships Are No Go
Subsequent to recent reports that the U.S. Navy had a vested interest in the half-completed cruise vessels for American Classic Voyages now-defunct U.S. Lines, the…