Friday, October 26, 2007 Maritime News

Arctic Ice Retreat Continues

Oct 26, 2007

Yellow line: Northwest Passage. Blue line: Northern Sea Route The International Ice Charting Working Group (IICWG), meeting at ESRIN in Frascati, issued the following statement on October 26,

Three Coastal LNG Ferries Ordered

Oct 26, 2007

Aker Yards signed a contract with Tide Sjø AS for three ferries dedicated to operate the link between Oslo and the peninsula of Nesodden. The ferries will be built in France at Aker Yards, Lorient.

Northrop Grumman Awarded USS Enterprise Contract

Oct 26, 2007

Northrop Grumman Corporation (NYSE:NOC) has been awarded a contract option by the U.S. Navy to provide planning, execution and continuous maintenance to the nuclear-powered aircraft carrier,

EXMAR NV Offers Trading Update

Oct 26, 2007

During the 3rd quarter an operating result (EBIT) of $7.1m was recorded by the LPG fleet, $16.5m for the 3rd quarter 2006, including $4.0m non-recurrent items.

CMB Releases Third Quarter Results

Oct 26, 2007

CMB’s executive committee has discussed the preliminary results recorded for the third quarter 2007. Bocimar contributes $47.45m (2006: $69.01m) to the consolidated result for the third quarter.

Navy Makes Request for Information

Oct 26, 2007

The National Shipbuilding Research Program (NSRP) has issued a Request for Information soliciting industry interest in conducting research and development to

Rousseau Promoted to VP of Intermodal

Oct 26, 2007

Crowley Maritime Corporation announced that Robert (Bob) Rousseau has been promoted to Vice President of Intermodal, a newly created position in the company's liner services segment.

Excel Maritime Enters into Time Charter Agreements

Oct 26, 2007

Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes,

Background to Shipping Initiative Seminar Scheduled

Oct 26, 2007

Just three years after its introduction, the five-day Background to Shipping seminar from leading training provider Lloyd’s Maritime Academy is now established

FLEX LNG Orders Third LNG Vessel

Oct 26, 2007

FLEX LNG ordered its third 90,000 cubic meter (3.1 MMcf) SPB liquefied natural gas (LNG) vessel this year from Samsung Heavy Industries. The vessel will be identical

ConocoPhilips Unit Fined

Oct 26, 2007

A ConocoPhillips (COP) tanker company has agreed to pay a fine and other penalties totaling $2.5m for spilling oily sludge into the ocean after leaving Valdez,

Palmali Receives Second Tanker

Oct 26, 2007

Russia’s Krasnoye Sormovo ship-building factory and Palmali Group shipping company signed a delivery-acceptance certificate on the second tanker, Agdash, of Project 19619.

COSCO Gets Shipbuilding Deals Worth $1.3B

Oct 26, 2007

COSCO Corporation has clinched shipbuilding contracts valued at over $1.3b. The orders were received by its 51-percent owned unlisted unit, COSCO Shipyard Group.

Hanjin Heavy Industries Recruits 20,000

Oct 26, 2007

Some 20,000 local male residents are being recruited by business titan Hanjin Heavy Industries & Construction Co., Ltd., of South Korea for its shipbuilding and ship repair projects.

Cosco Singapore Higher on New Shipbuilding Orders

Oct 26, 2007

Shares of Cosco Corp. Singapore, a shipping company that owns a shipyard in China, rebounded after announcing it secured an order to build 29 bulk carriers worth $1.

This Day in Navy History

Oct 26, 2007

October 26, 1921 - In first successful test, a compressed air, turntable catapult, launches an N-9 seaplane. 1922 - LCDR Godfrey deC. Chevalier makes first landing

Tidewater Reports 2Q Results

Oct 26, 2007

Tidewater Inc. announced second quarter net earnings for the period ended September 30, 2007, of $86.5 million, or $1.56 per common share, on revenues of $319.0 million.

NWF Elects New Officers, Trustees

Oct 26, 2007

The National Waterways Foundation elected new officers and trustees at its recent meeting on October 3, 2007 in Houston, TX. Newly elected Foundation officers are Peter Stephaich,

Fabrication Begins on Final Gulf

Oct 26, 2007

Fabrication of the 28th and last Arleigh Burke Class Aegis Destroyer contracted for Gulf Coast construction began on Oct. 18 at Northrop Grumman Ship Systems - Ingalls Operations shipyard,

Expeditionary Warfare Conference Convenes in Panama City

Oct 26, 2007

The 12th annual National Defense Industrial Association (NDIA) Expeditionary Warfare Conference convened at the Bay Point Marriott Resort Village Golf and Yacht Club Oct.

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