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Chafe-Pro for Philadelphia Naval Reserve Fleet

Global Associates, Ltd, contractor for the U.S. Naval Inactive Ship Maintenance Facility, has selected FJORD, Inc. to supply its brand name Chafe-Pro chafing gear for the protection of the mooring lines used by the ships located at the naval reserve fleet in Philadelphia.  The facility is used to hold decommissioned U.S. Navy and auxiliary ships pending the determination of their final fate. FJORD, Inc. is a woman-owned small business located in Graham, NC and all Chafe-Pro units are manufactured in the U.S. www.ChafePro.com


PTC Launches New CAD/CAM Shipbuilding Solution

PTC, a leader in the CAD/CAM marketplace with its software in use at more than 28,000 companies including companies such as Caterpillar, Lucent, Mitsubishi, Nike and Siemens, has launched a shipbuilding specific product. Working with partners like Hyundai Heavy Industries, BAE SYSTEMS, DCN, BIW, and Ingalls, PTC has more than 20 years of experience in bringing innovative design solutions to the shipbuilding industry with products like CADDS 5I, Medusa, and Dimension III


Carnival Reports Second Quarter Results

Carnival Corporation & plc reported net income of $127.8 million ($0.19 Diluted EPS) on revenues of $1.33 billion for its second quarter ended May 31, 2003, compared to net income of $194.2 million ($0.33 Diluted EPS) on revenues of $989.9 million for the same quarter in 2002. Earnings per share for the second quarter of 2003 were reduced by $0.02 per share due to litigation and other charges associated with the dual listed company ("DLC") transaction with P&O Princess Cruises plc ("P&O


AMSEC Receives Department of Defense Award

Science Applications International Corporation announced that AMSEC LLC received a prestigious 2007 Department of Defense Pro Patria award from the Virginia Committee for Employer Support of the Guard and Reserve (ESGR). AMSEC LLC received this award recognizing its personnel policies and practices in support of its employees who also serve in the National Guard and armed forces reserves. According to a press release from the Virginia Committee for ESGR,


Buss Shipping Orders Rutter VDRs

Rutter Technologies said that together with its German dealer and service agent, Pro Nautas B.V. it will deliver 50 Voyage Data Recorders (VDR) to the Buss Shipping Group. Headquartered in Leer, Germany, the maritime history of Hermann Buss GmbH & Cie KG goes back to the era of sailing ships. Today the Company is involved in shipping, ship management and chartering of container vessels on a worldwide basis and is certified in accordance with ISO 9002 and ISM standards.


Tactical & First Responder Training

ConfidentCaptain_web.jpg

Confident Captain/Ocean Pros announced the launch of their Tactical and First Responder Training programs. These customized, hands-on programs are designed to help state, local, and federal agencies train their staff to become safe and effective First Response vessel operators. The courses are designed for all skill levels and are customizable in order to meet the varying demands of many different agencies. The demand for skilled


Titan Awarded $169M Navy Contract

The Titan Corporation has been awarded an indefinite-quantity, five-year U.S. Navy contract having a potential value of $169 million. Awarded by the Fleet Industrial Supply Center Norfolk, Detachment Philadelphia for the Naval Sea Systems Center (NAVSEA) Shipbuilding Support Office (NAVSHIPSO) in Philadelphia, the contract provides engineering and technical support services for modification of shipboard equipment and systems


Horizon Lines Reports 3Q Results

Horizon Lines, Inc. reported results for the third quarter ended September 25, 2005, with solid quarter-over-quarter growth in key financial measures. Operating revenue for the third quarter of 2005 was $289.1 million, an increase of $38.0 million or 15.1% from the $251.1 million for the third quarter of 2004. The improvement was led by volume growth, increased bunker fuel surcharges to offset rising fuel costs, cargo mix and rate improvement,


Forest to Acquire Houston Exploration in $1.5b Deal

Forest Oil Corporation has entered into a definitive agreement to acquire 100 percent of the outstanding stock of The Houston Exploration Company in a stock and cash transaction totaling approximately $1.5 billion plus the assumption of net debt estimated to be $100 million at December 31, 2006. Forest Oil worked with JANA Partners LLC (JANA), the holder of 14.7% of the outstanding shares of Houston Ex, with the result that JANA on Sunday agreed to vote in favor of the transaction.


Expro Releases 1Q 2013 Results

Photo: Expro

Expro said it is celebrating its 40th anniversary year with strong financial results for 2013. Highlights • Headline revenue increased by 18.5 percent to $1.2 billion (2012: $1.01 billion) •Headline EBITDA  up 44.7 percent to $290.8 million (2012: $201 million) •Operating free cash flow of $123.2 million (2012: outflow of $44 million) •Sale of non-core Connectors and Measurements (C&M) business generated net proceeds after transaction costs of $591


"Gas War" looms as Pro-Russian militants raise flags in East Ukraine

 Pro-Russian militants raised their flags over official buildings in two eastern Ukrainian cities on Saturday, deepening a stand-off with Moscow which, Kiev warned, was dragging Europe closer to a "gas war" that could disrupt supplies across the continent.  


Ukraine Sends Forces To Confront Armed Pro-Russian Rebels

 Ukraine's government said on Sunday it was sending security forces into the eastern    city of Slaviansk where pro-Russian militants have seized control in what Kiev describes as an act of aggression by the    Kremlin.  


Ukraine Gives Rebels Deadline To Disarm Or Face Military Operation

 Ukraine has given pro-Russian separatists a Monday morning deadline to disarm    or face a "full-scale anti-terrorist operation" by its armed forces, raising the risk of a military confrontation with    Moscow.  


Maersk Line named race partner for the Volvo Ocean Race

The world’s largest container shipping company, Maersk Line, is the official shipping partner for the Volvo Ocean Race, the pre-eminent round-the-world yacht race. The race takes place from 4 October 2014 to 27 June 2015. During the nine month race, seven 65-foot (19


Ousted Libyan PM flees country after tanker escapes rebel-held port

Former Libyan prime minister Ali Zeidan has fled to Europe after parliament voted him out of office on Tuesday over his failure to stop rebels exporting oil independently in a brazen challenge to the nation's fragile unity. Zeidan was in Malta for two hours late on Tuesday on a refuelling stop


Navico Expands Americas Sales Group

Chris Meyer

Navico — recreational marine electronics company and parent to the Lowrance, Simrad and B&G brands — announced the addition of long-time pro-staffer Chris Meyer to its Volume Boat Builder and OEM sales team. In his new role as Key Account Manager


Rickmers Charter Out Two Panamax Container Ships

A Maersk Containership: Photo courtesy of the owners

Rickmers Maritime, inform it has chartered out to Maersk Line the container ships 'Henry Rickmers' (formerly 'Ital Fastosa') and 'Richard Rickmers' (formerly 'Ital Festosa'), each of them 3,450 TEU panamax-size container ships. Henry Rickmers will be delivered to Maersk Line this week and Richard


UK Budget 2014 Good News for Shipping: Analysts

Chancellor of the Exchequer: Rt Hon George Osborne MP: Official photo

The UK government’s Budget 2014, issued on 19 March 2014, is good news for UK shipping as it ensures the continuation of a stable UK tax regime for shipping, as has been the case for the past few years, according to international accountant and shipping adviser Moore Stephens.


Grand Circle Cruises Buys 'MV Corinthian'

MV Corinthian: Photo courtesy of Grand Circle

Vince Cook, CEO of Grand Circle Cruise Line, informs that the company has acquired the 'M/V Corinthian', a 98-passenger, ocean-going vessel that currently operates in Antarctica.  They had chartered the ship for the past year and intend to expand the Corinthian's operations with the launch of


Maerskā€™s SeaLand Sets Leadership Team

SeaLand, the newly founded intra-Americas regional carrier of the Maersk Group, announced today the appointment of its executive team which the company sais will fulfill its mission of delivering greater service stability and commitment, as well as a higher level of customer-focused service


Auto-Maskin Opens Houston Office

Auto-Maskin, the makers of the Marine Pro range of diesel engine controllers, announced the opening of a new regional office in Houston, Texas to support the continued expansion in the marine and oil and gas sectors in North America. The facility in Houston will be staffed by sales, engineering


Several Cruise Voyages Altered by Houston Spill

Caribbean Princess (Photo: Princess Cruises)

The Federal Maritime Commission (FMC) issued a notice to cruise passengers affected by the Houston ship channel oil spill stating that several cruise voyages have been altered or rescheduled. Royal Caribbean International’s Navigator of the Seas seven-night Western Caribbean March 23


Britain Warns Scots: Independence would Hurt Energy Industry

Britain on Tuesday warned Scots that voting for independence would put jobs and investment in the Scottish energy industry at risk, threatening the commercial viability of North Sea oil and gas fields and renewable energy projects. In September Scotland will hold an referendum on whether to


Maersk Line increases business while reducing CO2 footprint

 Maersk Line today published its Sustainability Progress Update for 2013, showing a 3.8 million tonnes CO2 reduction in a year where the business grew 4.1%. “2013 was a good year for Maersk Line – financially as well as in terms of our sustainability performance” says


Ukraine Suspends Gas Payments to Russia

Ukraine Suspends Gas Payments to Russia

 Ukraine is suspending payments to Russia for gas deliveries until the conclusion of price talks, chief executive Andriy Kobolev said on Saturday.   State-run Naftogaz has suspended payments to Russia amid increasing tensions in a standoff that has the potential to leave European Union


 
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