Monday, October 30, 2006 Maritime News

General Dynamics Awarded $59m Contract for Sub Work

Oct 30, 2006

The U.S. Navy has awarded General Dynamics Electric Boat a $58.7 million contract modification for nuclear-submarine modernization and maintenance work. Electric

Stolt-Nielsen to File Motion Against Indictment

Oct 30, 2006

Stolt-Nielsen SA said it plans to file motion to dismiss a grand jury indictment accusing the company of price fixing, as it intends to argue that an amnesty

STX Shipbuilding wins $373m Order from India

Oct 30, 2006

The STX Shipbuilding Co., South Korea's seventh-largest shipbuilder, has won a $373m order to build six petrochemical goods carriers for a shipping company in India.

Matsu Coast Guard Gets New Patrol Boat

Oct 30, 2006

The coast guard squad stationed on the island of Matsu has recently been equipped with a new 50-ton patrol boat. the addition of the vessel aims to boost the

Matson Says its China Service is Profitable

Oct 30, 2006

Matson Navigation Co. Inc., the Oakland, Calif.-based maritime shipping subsidiary of Honolulu-based A&B posted 7 percent more third-quarter revenue but 7 percent lower operating profit.

TBS Buys $16.1m Ship Carrier

Oct 30, 2006

According to reports, TBS International Ltd., an ocean transportation services company, has acquired a bulk ship carrier for $16.1m. The handymax bulk carrier

Bollinger Promotes Roussel to VP

Oct 30, 2006

Bollinger Shipyards, Inc., Lockport, La., has promoted Cindie Roussel to Vice President of Procurement, Logistics, and Life Cycle Support for the South

Coast Guard Amends Anchorage Regulations for Lower Miss. River

Oct 30, 2006

The Coast Guard is amending anchorage regulations for the Lower Mississippi River, prohibiting vessels anchored in the Lower Kenner Bend Anchorage from using

Vietnam's Ship Export Value to Climb to $1.7b

Oct 30, 2006

According to VNA, Vietnam's Ministry of Trade estimates that the shipbuilding industry can earn $1.7b annually from ship exports by 2010. The Vietnam Ship

Rising Profit Tide for Horizon

Oct 30, 2006

AP reported that Horizon Lines Inc. said its third-quarter profit rose, aided by a large tax benefit. For the quarter ended Sept. 24, the company reported net income of $52.

CNOOC Signs LNG Delivery Agreement

Oct 30, 2006

China National Offshore Oil Corp (CNOOC) has signed an LNG delivery agreement with Shell, Total and French energy company Suez. The company has signed the

Oil and Gas Explorer Prepares for $23m Float

Oct 30, 2006

Gas and petroleum exploration company L&M Mining expects to launch its initial public offering to raise $23.2m this month. The plan is that the new company,

Naval Submarine School Attack Center Trainer Comes Online

Oct 30, 2006

With a snip of the scissors Oct. 25, Naval Submarine School (SubScol) welcomed the latest addition to its attack center trainer inventory, the Submarine Multi-Mission Team Trainer Phase (SMMTT) 3.

Egyptian Dive Vessel Launched

Oct 30, 2006

The Red Sea is noted as one of the finest dive destinations in the world. Many visit Egypt’s coastal resorts and hire boats to take them to nearby reefs. With the launching of the 39 by 8.

Hawaii to Host 10th Western Pacific Naval Symposium

Oct 30, 2006

The U.S. Navy and Commander, U.S. Pacific Fleet have invited naval leaders from 22 countries to Honolulu for the 10th Western Pacific Naval Symposium (WPNS)

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