Monday, December 11, 2006 Maritime News

Appoints New Member to Advisory Board

Dec 11, 2006

The Panama Canal Authority (ACP) has appointed Nippon Yusen Kabushiki Kaisha (NYK Line) President Koji Miyahara as its newest Advisory Board member. This appointment

General Dynamics Awarded $208m for 2nd LCS

Dec 11, 2006

The U.S. Navy awarded a $208 million contract option to a Bath Iron Works-led team for construction of a second Littoral Combat Ship (LCS) featuring an innovative, high-speed trimaran hull.

AIG Global to Purchase P&O's U.S. Marine Terminal Operations

Dec 11, 2006

On December 10, 2006, a member company of AIG Global Investment Group entered into an agreement in Dubai to purchase P&O Ports North America (POPNA) from P&O Holdings, Inc.

Seaboard Corporation Declares Dividend

Dec 11, 2006

Seaboard Corporation announced that the Board of Directors of the Corporation has declared a dividend of seventy-five cents ($0.75) per share on the common

Construction Begins on New BC Ferries Vessel

Dec 11, 2006

BC Ferries announced that the keel-laying of a new 125-car intermediate size ferry took place at Vancouver Shipyards in North Vancouver. The event marked the

Domestically Built FPSO Launched in Shanghai

Dec 11, 2006

China's first-ever homemade 300,000 tonnage FPSO (floating production storage and offloading) vessel was successfully launched on Dec. 8 in Shanghai. The vessel,

Navy Christens USNS Alan Shepard

Dec 11, 2006

Military Sealift Command (MSC) advanced auxiliary dry cargo/ammunition ship USNS Alan Shepard (T-AKE 3) slides backwards into San Diego Bay during a christening

Aker Kvaerner Awarded Contract with ConocoPhillips

Dec 11, 2006

ConocoPhillips has awarded Aker Kvaerner a service contract for provision of personnel and equipment for well intervention services on the Norwegian Continental Shelf.

S. Korea's Shipbuilders Exceed $30b

Dec 11, 2006

According to Korea Herald, South Korea's top three shipyards won stronger-than-expected shipbuilding orders worth over US$30 billion in the first 11 months of the year on strong contracts,

TOP Tankers Posts $11M 3Q Loss

Dec 11, 2006

The Greek ship maker’s revenues grew 41 percent from $50 million to $70.6 million in compared to the same period a year ago. While revenue increased,

Green Light for Offshore LNG

Dec 11, 2006

Stuck at the wrong end of North America's natural gas pipelines, Massachusetts has relied on boatloads of liquefied natural gas to supplement pipeline gas for more than 30 years.

VLCC Rates Start to Strengthen

Dec 11, 2006

According to reports, there are mixed messages being transmitted around the tanker market. The threat of further cuts in crude production by Opec is being brought

Barge Owners to Investigate Accident

Dec 11, 2006

Reports said that the owner of the tugboat and barges that struck the Queen Isabella Memorial Bridge’s pier protective system and a concrete pillar along the

Bureau Veritas to Make Improved Offer for GL

Dec 11, 2006

Bureau Veritas is preparing an improved offer for presentation later this week to the shareholders of Germanischer Lloyd, as it pushes ahead with its plan to

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