Thursday, April 25, 2002 Maritime News

Enviro Fugitive Caught

Apr 25, 2002

Sherman Smith, owner of Seawall Construction, a Seattle area marine construction company, was surrendered to the U.S. Marshall's Service in Tucson, Ariz., on April 1 by the Mexican Government.

Carnival to Pay $18M for Oil Pollution

Apr 25, 2002

Carnival Corp. of Miami, Fla., which operates 40 cruise ships including those of the Carnival Cruise Lines, pleaded guilty on April 19 to falsification of oil record books on several of its ships.

Cummins Reports 1Q Results

Apr 25, 2002

Cummins Inc. reported a first quarter loss of $.75 per share, or $29 million loss after taxes, on sales of $1.33 billion. This compares to a loss of $.68 per share

Anteon Awarded Danish Naval Contract

Apr 25, 2002

Anteon has been awarded a $15.8 million contract from the Danish Material Command for services to assist the Royal Danish Navy in achieving a mine clearing capability.

VMS Christens New ATB

Apr 25, 2002

Vessel Management Services, Inc., a Crowley Maritime Corporation subsidiary, on April 25 christened the first of four Articulated Tug-Barge (ATB) tank vessels that

Big cuts in ENC prices from Primar Stavanger

Apr 25, 2002

Prices for electronic navigation charts (ENCs) from Primar Stavanger - the Norway-based international ENC coordinating center - have been slashed to their lowest-ever level.

Furuno Introduces New High Power NAVNET Pair

Apr 25, 2002

Furuno added to its extremely popular NavNet series of Radar/Chart Plotters, the 1953C & 1953C/NT. Designed for all types of vessels, the 1953C series bundles high-power

ABS Elects Carlsson, Wolcott and Goulandris to Board

Apr 25, 2002

Lars Carlsson, President, Concordia Maritime AB, Douglas Wolcott of Wolcott Associates, and Peter George Goulandris of Capeside Steamship Company Ltd. were elected to the ABS Board of Directors,

GIFI Reports 1Q Earnings

Apr 25, 2002

Gulf Island Fabrication, Inc. reported net income of $1.4 million ($.12 diluted EPS), before a cumulative effect of change in accounting principle, on revenue of $27.

PAL Indonesia Implements Tribon

Apr 25, 2002

PAL Indonesia has purchased the entire Tribon Shipbuilding system for design and production of ships at its shipyard in Surabaya. PAL Indonesia has chosen to implement

ITIC Bucks Trend with Continuity Credits

Apr 25, 2002

At a time of great volatility and significant rises in premium costs in international marine insurance and reinsurance markets, the International Transport Intermediaries

When Up Is Down

Apr 25, 2002

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 1.5 million barrels last week. Total commercial petroleum inventories increased by 5.

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