Wednesday, September 27, 2006 Maritime News

Frontline to Sell Vessel for $141.5m

Sep 27, 2006

Frontline Ltd. said on Tuesday it agreed to sell the vessel VLCC Front Beijing for gross sale proceeds of $141.5 million. Frontline said the transaction will

Cleveland Waterways Management Conference

Sep 27, 2006

The US Coast Guard stated that it and the Great Lakes Regional Waterways Management Forum will sponsor a waterways management conference in Cleveland on September 27 and 28.

House OKs $70b in funding

Sep 27, 2006

Just days before leaving Washington to campaign, Congress is moving to provide $70b more for military operations in With Iraq alone costing about $8 billion a month,

New Drydock for PR

Sep 27, 2006

San Juan Towing & Marine Services announces the upcoming arrival of the floating dry dock PERSEVERANCE which has been purchased for service in Puerto Rico. Puerto

Halifax Shipyard to Build Cruise Ships

Sep 27, 2006

The CBC has reported that Halifax Shipyard has signed contracts to build two luxury cruise ships for Pearl Seas Cruises, a Connecticut-based company. The value of the deal,

Ultrapetrol Files for $175m IPO

Sep 27, 2006

According to the AP, shipping company Ultrapetrol (Bahamas) Ltd. plans to offer 12.5m shares at $13 to $15 each in a bid to raise about $175 million in its initial public offering.

Cochin-Dubai Ferry Service on Hold

Sep 27, 2006

According to UNI, efforts of a Dubai shipping company to start a ferry service from here to Cochin, which would offer cheap fares and huge baggage allowance,

NOAA Awards Grants for Community-Based Debris Projects

Sep 27, 2006

The National Oceanic and Atmospheric Administration awarded $1,029,368 in grants for 12 community-based marine debris prevention and removal projects. These

Honduras Takes Delivery of Incat Fast Ferry

Sep 27, 2006

Honduras-based operator Safeway Maritime Transportation Co., has taken delivery of its first Incat Crowther catamaran ferry for operation on the north coast of Honduras.

KOTC to Order Mega Vessels

Sep 27, 2006

According to AFP, Kuwait Oil Tanker Co. (KOTC) will soon order four giant oil tankers expected to cost some 500 million dollars, chairman Abdullah Al Rumi said on Wednesday.

Russian Carrier to Rejoin Navy by end of 2006

Sep 27, 2006

According to reports, the Admiral Kuznetsov, Russia's only aircraft carrier, will join the Northern Fleet by the end of the year after modernization, the Navy's chief said Wednesday.

Report: Mega Ships Have Implications for Caribbean Cruise Ports

Sep 27, 2006

With the era of larger cruise ships, the Caribbean has been told that there could be implications for their popular ports of call. Chief Executive

DHS Awards $168m in Port Security Grants

Sep 27, 2006

The Department of Homeland Security issued a press release stating that $399 million is being awarded to secure critical infrastructure. As detailed in the

Washington State- New Oil Spill Prevention and Response Rules

Sep 27, 2006

The Washington State Department of Ecology issued amendments to its regulations regarding oil spill prevention and response. The oil spill contingency plan

Security Program to Cost Ports

Sep 27, 2006

Port operators and freight companies will have to pay up for tightened security checks that will extend full background checks to all workers entering U.S. maritime

Navios President to Retire

Sep 27, 2006

AP has reported that Greece-based Navios Maritime Holdings Inc., a dry bulk shipper, on Tuesday said President Robert Shaw will retire and named Ted Petrone to take his place.

Wärtsilä, CSIC and MHI in Joint Venture

Sep 27, 2006

Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) are establishing a joint venture to manufacture large, low-speed marine engines in China.

Wärtsilä Receives Order for 50 Propellers in China

Sep 27, 2006

At the beginning of September the joint-venture company Wärtsilä CME Zhenjiang Propeller Co. Ltd. in China received an order for 50 fixed pitch propellers (FPP) to be delivered to two shipyards,

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