Maersk Line Reorganizes New Strategy
Maersk Line, the container shipping division of the A.P. Group, announces the details of its new strategy to drive the turnaround of the business and return to sustainable profitability.
Lockheed, Northrop Asked to Pay For Bad Boats
The U.S. Coast Guard has asked a joint venture of Lockheed Martin Corp and Northrop Grumman Corp to pay $96.1 million for eight patrol boats that it modified, but that cannot be used.
US Coast Guard Slaps Fine on Barge Owner
According to pacificnewscenter.com, The United States Coast Guard filed three notice of violations (NOV) and imposed penalties amounting to $8,000 against the owner…
Growth Forecasted for the China Shipbuilding & Repairing Industry
According to BusinessWire.com, China's shipbuilding industry kept a fast growth in the first three quarters of 2007, and a variety of indicators refreshed the record.
Dongkuk Seeks Consortium to buy Daewoo Shipbuilding
South Korea's Dongkuk Steel seeks a consortium with other steel makers to buy Daewoo Shipbuilding and Marine Engineering, which has a market value of $9.4 billion.
Wait for Work at Marystown Shipyard Could Soon Be Over
The industry and political leaders in the area will say the community’s shipbuilding future is built on more than just the federal government’s plan to construct…
Hyundai Engineering Falls on Concerns of Sale Delay
Hyundai Engineering & Construction Co., fell the most in almost five months in Seoul on concern Korea Development Bank may delay selling its stock in the company…
Construction of Cable System in Africa
According to allafrica.com, the construction of the 42650 ft. Sea Cable System connecting the South and East Africa countries of South Africa, Mozambique, Madagascar…
Aquarius Russian Cruise Ship
Aquarius cruise ship from Russia is coming into operation in 2009. Vodohod Russian River Cruises has recently launched a revolutionary project. The company started…
IPC and Ashdot Port Launch Patrol Boat
According to port2port.com, Israel Ports Development & Assets Company Ltd. (IPC) and Ashdod Port Co. launched last week a new fast patrol boat at the port which…
Liberia Sets Ship and Tonnage Records
The Liberian Registry celebrated the end of 2007 having achieved a major milestone in its history when its vessel count reached 2,665 and its aggregate gross tonnage peaked at 82,165,902.
ASA Respond to Suken Tugboat
Two members of the American Salvage Association (ASA) salvaged a sunken tugboat in Port Arthur, Texas on December 31, 2007. The 600-ton capacity derrick barge, owned by one ASA member…
ISS Delivers XLX ROVs
Oil and gas specialists Integrated Subsea Services (ISS) will deliver the latest versions of ROVs. newly launched Triton XLX ROVs, manufactured by Perry Slingsby Systems (PSS).
Superior Energy Appoints New Executives
Superior Energy Services, Inc. announced that Patrick Zuber has been appointed Executive Vice President, International Sales, and Charles Hardy has been named Executive Vice President…
ISE Awarded New AUV Development Contract
International Submarine Engineering Ltd was awarded a development contract in December, 2007 by Cybernetix S.A. of Marseille, France. Autonomous Underwater Vehicle (AUV) platform, known as SWIMMER.
Kiel 6000 ROV Gets Certified by Germanischer Lloyd
The Kiel 6000 ROV manufactured by Schilling Robotics, has been certified by Ger¬manischer Lloyd (GL) as meeting requirements for safety and environmental impact.
Subsea 7 Announces Contract With Petrobas
Subsea 7 Inc announced today that it has been awarded a contract by Petrobras America, a subsidiary of Petrobras for installation works in the deepwater Cascade & Chinook fields in the Gulf of Mexico.
Coast Guard Rescues 7 Crewmembers From Disabled Cargo Vessel
Coast Guard helicopter crews hoisted seven crewmembers to safety in two separate missions Saturday and Sunday from the 220-foot Panamanian cargo vessel Capitan L…
Iranian Boats Approach USN Ships
(Source: Commander, U.S. Naval Forces Central Command/Commander, U.S. BAHRAIN (NNS) -- Following a routine transit through the Strait of Hormuz, Jan. 6, three U.S.
SCC Meetings Set
The Shipping Coordinating Committee, sponsored by the US Department of State, will hold two meetings in Washington, DC. The first meeting, on January 22, is to prepare…
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