Wednesday, June 13, 2001 Maritime News

FMC Acts On Mississippi Towage Arrangements

Jun 13, 2001

The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the news that the U.S Federal Maritime Commission (FMC) has agreed it has jurisdiction

Lockheed Martin, Northrop Grumman To Team For USCG Proposal

Jun 13, 2001

Lockheed Martin and Northrop Grumman Ingalls Shipbuilding announced the creation of a joint venture partnership under which the two major corporations will submit

Northrop Grumman Completes Litton Acquisition

Jun 13, 2001

Northrop Grumman Corporation completed the final step in its acquisition of Litton Industries Inc. by converting Litton's preferred stock into the right to receive $35 per share in cash.

Contract Awarded To Build Hybrid Electric Ferries

Jun 13, 2001

Canal Boats Inc. has received a contract to build eight Hybrid Electric ferries for Broward Country, Fla., Mass Transit Division. The ferries, funded by a Federal Ferry Boat Discretionary Fund Grand,

Crowley Re-powered Tugs Win Annual Race

Jun 13, 2001

Crowley Marine Services' newly refurbished twin-screw high horsepower conventional tugs Ranger and Sea Viking took first and second place respectively in Seattle

Small Fuel Oil Tanker Freight Rates Tank

Jun 13, 2001

Freight rates for small fuel oil tankers in the Mediterranean have taken a long-anticipated hit. "Demand fell off a while back and there's been a build up of old ships,

Disputed Tanker Fleet Bought

Jun 13, 2001

Norwegian tanker mogul Tom Steckmest bought out bondholders with whom he was due to clash in the New York courts over control of a fleet of six petroleum product tankers.

Is DD21 Program In Peril?

Jun 13, 2001

Prospects for a proposed all-new $30 billion advanced Navy destroyer foundered on Tuesday, undercut by a study carried out for Defense Secretary Donald Rumsfeld.

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