April, 2002 Maritime News

Jeffboat Tries to Avert Shipyard Strike

Apr 30, 2002

Jeffboat LLC announced that it has submitted to the International Brotherhood of Teamsters, Local No. 89 a comprehensive last, best and final offer relating to

House: Give Extra Billion to the Navy

Apr 30, 2002

It appears that the considerable, unrelenting lobbying effort of shipbuilders and Navy leaders has finally worked. According to a wire reports, a House of Representatives panel on Tuesday,

New Legislation will Affect Maritime Community

Apr 30, 2002

The Associate Under Secretary for Maritime & Land Security, Transportation Security Administration, will announce new legislation affecting the maritime community

Bouygues Offshore Report First Quarter Results

Apr 30, 2002

Bouygues Offshore report consolidated net sales of $ 235.8 million in the first quarter of 2002, an increase of 8.1 percent over the prior-year period. This sustained

Sea Star’s Purchase Appoved

Apr 30, 2002

Sea Star Line, LLC (Sea Star) announced that its bid to purchase certain assets of Navieras/NPR, Inc. and of certain related entities was approved by the U.S. Bankruptcy

OOPS and Ulysses Systems Sign Joint Agreement

Apr 30, 2002

O'Brien Oil Pollution Service, Inc. (OOPS) and Ulysses Systems, Inc. have signed an agreement to jointly market their maritime consulting services and Ulysses'

Security Council Formed With Assistance From Savi Technology

Apr 30, 2002

Every day, about 17,000 cargo containers enter U.S. ports, yet only one or two percent of them is routinely inspected. Since Sept. 11, government officials and

MAIB Issues Report on P&OSL CANTERBURY

Apr 30, 2002

The Marine Accident Investigation Branch (MAIB) issued its Marine Accident Report into the flooding casualty suffered by the ro-ro ferry P&OSL CANTERBURY. The

Coast Guard Finds Fake Mariner Documents

Apr 30, 2002

A combined effort led by the Coast Guard Investigative Service and Coast Guard Marine Safety Office Miami has resulted in the arrests of foreign mariners on ships

SEACOR SMIT Announces First Quarter Results

Apr 30, 2002

SEACOR SMIT announced net earnings for the first quarter ended March 31, 2002 of $11,406,000, or $0.55 per fully diluted share, on operating revenues of $103,643,000.

Horizon Offshore Reports First Quarter Results

Apr 30, 2002

Horizon Offshore, Inc. reported first quarter net income of $0.4 million or $0.02 per share compared with a net income of $2.7 million or $0.12 per share-diluted

McDermott Reports March 2002 Quarter Results

Apr 30, 2002

McDermott International, Inc. reported a net loss of $.6 million or a $.01 per share loss (basic and diluted) for the first quarter of 2002, compared to a net loss of $4.

Raytheon to Lead Systems Integration for DD(x)

Apr 30, 2002

Raytheon Company (NYSE:RTN) won a cost plus award fee contract to be the systems integrator for the DD(X), the U.S. Navy's next-generation surface combatant ship.

Good As Gold

Apr 30, 2002

Northrop Grumman Corporation’s Gold Team was chosen by the U.S. Navy to complete the system design for the Navy's advanced, 21st century surface combatant, DD(X).

Coast Guard Towing INSIKO To Oahu

Apr 29, 2002

The derelict freighter Insiko will be towed to Oahu in order to remove the fuel and deceased crewmember. The commanding officer, Coast Guard Marine Safety Office Honolulu,

Stelmar Shipping Gets Contract For Panamax Tankers

Apr 29, 2002

Stelmar Shipping Ltd. announced it has signed a new contract with Daewoo Shipbuilding and Marine Engineering Company Ltd. of South Korea to purchase a series of five Panamax newbuildings.

Trico Marine Reports First Quarter 2002 Results

Apr 29, 2002

Trico Marine Services, Inc. has reported a net loss for the quarter ended March 31, 2002, of $4.8 million, or $(0.13) per share (diluted), on revenues of $32.1 million, compared to net income of $2.

Alternative Hull Examination for Certain Vessels

Apr 29, 2002

The U.S. Coast Guard has issued an interim rule establishing an alternative hull examination program for certain passenger vessels. Nautical school, offshore supply,

NASSCO Launches the USNS Soderman

Apr 29, 2002

National Steel and Shipbuilding Company (NASSCO), a wholly owned subsidiary of General Dynamics, has joined with the U.S. Navy and the U.S. Army to launch the USNS Soderman (T-AKR 317),

Daewoo Gets $155M Order For Tankers

Apr 29, 2002

Daewoo Shipbuilding and Marine Engineering Co., Ltd. has won a $155 million order to build five oil tankers for Stelmar Shipping. Daewoo Shipbuilding will construct five crude oil tankers,

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