Thursday, July 27, 2006 Maritime News

Judge Nullifies State Oil Spill Law

Jul 27, 2006

A federal judge has nullified Massachusetts’ landmark Oil Spill Prevention Act, striking down regulations on oil shipping in Buzzards Bay that included mandatory

2Q Financial Results from Stratos

Jul 27, 2006

Stratos Global Corp. announced financial results for the second quarter ended June 30, 2006. For the quarter, the corporation reported revenue of $139.3m, a 50 percent increase compared with the $92.

Russia to Start Submarine Sea Trials in 2007

Jul 27, 2006

Sea trials of a new nuclear missile submarine, the Yury Dolgoruky, are scheduled for 2007, RIA Novosti reported. The Yury Dolgoruky, a Borey-class nuclear missile submarine,

DRS Technologies Gets Navy Contracts

Jul 27, 2006

Defense contractor DRS Technologies Inc. received contracts worth $18.3m to manufacture parts to be used in Navy ships. The contracts, awarded by a subsidiary of

Mazda Cars Stranded on Cougar Ace

Jul 27, 2006

The fate of thousands of Mazda Motor Corp. cars is uncertain after the ship carrying them to North America rolled over on its side in the Pacific Ocean. The automaker had 4,

General Maritime Corporation 2Q Results

Jul 27, 2006

General Maritime Corporation GMR reported its financial results for the three and six months ended June 30, 2006. The company had net income of $26.1m, or $0.83 basic and $0.

EPA: Low Emission Inboard Marine Engines Developed

Jul 27, 2006

Over the past several years, EPA has worked with the marine industry, U.S. Coast Guard, California Air Resources Board, Southwest Research Institute, and others,

NMSAC Recommending that TWIC Project be Slowed Down

Jul 27, 2006

The National Maritime Security Advisory Committee (NMSAC), sponsored by the Secretary of Homeland Security, is recommending to the Secretary that the Transportation

Med Taipei Owners, Operators to Pay $3.25M in Settlement

Jul 27, 2006

The owners and operators of the foreign-flagged container vessel Med Taipei have agreed to pay $3.25m to the United States to resolve allegations that the 15 containers

Cougar Ace Crew Rescued

Jul 27, 2006

A Coast Guard HH-60 Jayhawk rescue helicopter and crew from Air Station Kodiak, worked with two Air National Guard Pavehawk helicopters and rescue crews from Kulis Air National Guard Base,

Navy Ship Exits Ghost Fleet

Jul 27, 2006

The Orion, an obsolete Navy repair vessel built in 1943, is scheduled to depart on July 27 from the James River Reserve Fleet off Newport News. The Daily Press reported that the U.

OSI Geospatial, L-3 Communications Sign Agreement

Jul 27, 2006

OSI Geospatial Inc. signed a teaming agreement with the Marine Systems division of L-3 Communications Corporation to pursue opportunities in the worldwide naval market.

Multraship Orders Carousel Combi-Tugs

Jul 27, 2006

Multraship Towage & Salvage ordered two combi-tugs from Malaysian shipbuilder Nautica Nova Shipbuilding & Engineering (NNSE) which feature a Carousel towing system

OMI Reports 2Q Results

Jul 27, 2006

OMI Corporation reported a record Net Income of approximately $131.8m or $1.92 basic and diluted EPS, which included Gain on Disposal of Vessels of $78m or $1.14

Frontline Orders Suezmax Tankers

Jul 27, 2006

Frontline ordered two new Suezmax tankers from China's Jiangsu Rongsheng Heavy Industries Group Co. Ltd. for an undisclosed sum, China Daily reported. The vessels

Schwarzenegger Opposes Oil Drilling Bill

Jul 27, 2006

Gov. Arnold Schwarzenegger has teamed up with an environmental group that endorsed the governor's intention to block Rep. Richard Pombo's offshore oil-drilling legislation.

Singapore’s Offshore Shipbuilding Industry on the Rise

Jul 27, 2006

Singapore's shipyards want a bigger share of the offshore shipbuilding industry, eyeing areas now dominated by South Korea, Japan and Norway. According to Reuters,

Ship Capsizes, Nine Feared Dead

Jul 27, 2006

Nine fishermen were missing while eight were rescued on July 25 as a fishing boat capsized in open sea five nautical miles off Karachi shore. According to PakTribune.

Famous Navy Diver Passes

Jul 27, 2006

Master Chief Petty Officer (Ret) Carl Brashear passed away on July 25 at the Portsmouth Naval Hospital at 2:35 pm. He was made famous when the movie "Men of Honor" portrayed his Navy career.

ACL Sees 2Q Profits Tripled

Jul 27, 2006

American Commercial Lines reported that the company’s second- quarter profits nearly tripled on strong sales. The Jeffersonville-based company posted net income of $17.

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