July, 2009 Maritime News

Navy Vows to Reduce Shipbuilding Costs

Jul 31, 2009

According to a report from Reuters, the U.S. Navy agreed that it does not have good track record in shipbuilding, as ship costs are rising faster than its total budget.

Third Crewmember Pleads Guilty

Jul 31, 2009

A Greek citizen who oversaw the engineering department on board a Dominica-flagged bulk cargo ship pleaded guilty today in U.S. District Court in New Orleans for

VT Group, Trading in Line with Expectations

Jul 31, 2009

According to a July 30 report from The Wall Street Journal, U.K. defense and support services company VT Group PLC said it was trading in line with its own expectations

Kirby Q2 2009 Results

Jul 31, 2009

Kirby Corporation (NYSE:KEX) announced net earnings for the second quarter ended June 30, 2009 of $33.7 million, or $.63 per share, compared with net earnings of $40.

General Maritime Q2, Six Mo. 2009 Results

Jul 31, 2009

General Maritime Corporation (NYSE:GMR) reported its financial results for the three and six months ended June 30, 2009. Excluding other expense, the company recorded net income of $7.

Salazar Statement on Leasing Court Ruling

Jul 31, 2009

U.S. Department of the Interior Secretary Ken Salazar issued the following statement regarding the U.S. Court of Appeals for the District of Columbia Circuit ruling

East Isle Expect Shipbuilding Funds

Jul 31, 2009

According to a July 29 report from CBC News, J.D. Irving Ltd. said it is optimistic some of the $40b Ottawa has committed to Canada's shipbuilding industry will

Taqa Buys DSM Energy

Jul 31, 2009

According to a report from Reuters, National Energy Company (Taqa) said on July 29 that it was expanding its North Sea assets by buying the energy unit of Dutch chemicals group DSM NV for $407m.

Ampelmann on Jumbo Javelin

Jul 31, 2009

One of Jumbo Offshore’s heavy lift & installation vessels, the DP2-ship Jumbo Javelin, is preparing to deliver installation services for offshore wind farms. It

New York Returns From Acceptance Trials

Jul 31, 2009

The Northrop Grumman Corporation-built (NYSE:NOC) amphibious transport dock ship New York (LPD 21) returned to the company's Avondale shipyard in New Orleans July

J. Ray Upgrades Barge for Deepwater

Jul 31, 2009

Houston-based J. Ray McDermott, a subsidiary of McDermott International, Inc., is upgrading its primary Gulf of Mexico derrick/pipelay barge, DB50, for future deepwater projects,

Grill Retires, Maritime Cabotage Task Force

Jul 31, 2009

The Maritime Cabotage Task Force (MCTF) is thanking its retiring Chairman, Philip M. Grill, for his 14 years of leadership of the labor/management coalition that promotes the Jones Act and other U.

StatoilHydro Discovery in GOM Deepwater

Jul 31, 2009

StatoilHydro has together with operator Anadarko and partners made a discovery in the Vito prospect in deepwater Gulf of Mexico. The Vito well is located in Mississippi Canyon block 984,

First Riser-Drilling in Earthquake Zone

Jul 31, 2009

Despite harsh weather and ocean conditions, and complex geological characteristics of its drill site, the deep-sea drilling vessel Chikyu, for the first time in

Pride International Q2 2009 Results

Jul 31, 2009

Pride International, Inc. (NYSE: PDE) reported income from continuing operations for the three months ended June 30, 2009 of $121.8 million, or $0.69 per diluted share.

This Day in Naval History – July 31

Jul 31, 2009

1815 - Commodore Stephen Decatur concludes agreement with Bey of Tunis to compensate U.S. for seizure of merchant ships during the War of 1812. 1865 - East India

Chesapeake Shipbuilding Delivers New Tugs

Jul 30, 2009

Chesapeake Shipbuilding Corp of Salisbury, MD delivered the second of six new tugboats to Vane Brothers of Baltimore, Md. this week. Elk River will join Sassafras,

Crowley Manages Tankers for American Petroleum

Jul 30, 2009

The Settlement agreement recently approved by a U.S. Bankruptcy Court Judge in New York became effective July 28, clearing the way for an investor group led by

Tidewater Reports Q1 2010 Results

Jul 30, 2009

Tidewater Inc. (NYSE:TDW) announced first quarter net earnings for the period ended June 30, 2009, of $44.5m, or $0.86 per share, on revenues of $326.6m. Included

General Rate Increases, Transatlantic Trade

Jul 30, 2009

Since rates are at an unsustainable level in the transatlantic trade, Maersk Line announced a general rate increase effective 1 September 2009. The company said

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