Tuesday, October 14, 2008 Maritime News

Washington State Sells Retired Ferries

Four of ’s oldest steel-electric ferry boats are headed to to be scrapped. The four ferries, the Illahee, Klickitat, Nisqually and Quinault, have been in ’s fleet for decades.

Hyundai Bids for Daewoo Shipbuilding

Hyundai Heavy Industries, the world's biggest shipbuilder, has submitted a final bid for local rival Daewoo Shipbuilding & Marine Engineering. Top shareholders of Daewoo are selling a 50.

New Shipbuilding Subsidy Scheme

Dry Bulk Growth Expected

Record bulk carrier investment translates into fleet growth which is expected to exceed trade growth between 2009 and 2011, according to the report. The impact

This Day in Naval History – Oct. 15

(Source: www.navy.mil)

New Submarine Rescue Asset Joins Naval Fleet

The Submarine Rescue Diving and Recompression System's (SRDRS) Rescue Capable System (RCS) replaced the Deep Submergence Rescue Vehicle Mystic (DSRV-1) as the U.

Houston – USCG REC has reopened

EMSA Assists in Spanish Oil Recovery Operations

Due to the heavy weather in the area, the bulk carrier Fedra sustained engine failure, dragged anchor and ran aground off Europa Point, , following which it lodged

IMO Finalizes Ships Recycling Convention

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) approved the text of the draft ship recycling convention for adoption at a conference in 2009,

Executive Changes in Costa Crociere S.p.A.

Iberocruceros was created in September 2007 as a joint venture between Costa Cruises (which owns 75% of the company) and the leading Spanish tour operator Orizonia Corporación (with a 25% stake).

New Euronav $500M Credit Facility for FSO Project

The credit facility consists of a USD 180 million term loan to finance the acquisition of TI Asia (2002) and TI Africa (2002) by joint venture companies owned

W&D Raises New Facility After Fire

October 11, 2008, marks three months since a fire destroyed Washburn & Doughty’s building and the yard is pleased to announce that progress on clean-up and construction is moving steadily ahead.

DCT Gdansk Celebrates First Year

On October 1, 2008, the Polish deepwater container terminal DCT Gdansk celebrated its first birthday with a large reception party, attended by close to 300 people.

Grant for Cleaner Ferry Engines

The DEQ’s grant from the U.S. Environmental Protection Agency (EPA) will help retrofit two of DOTD’s ferry boats – the M/V Acadia, which operates at the Plaquemines crossing, and the M/V St.