Friday, May 13, 2011 Maritime News

Mississippi River Could Close on Monday

May 13, 2011

Swollen by weeks of heavy rain and snowmelt, the Mississippi River has been breaking high-water records that have stood since the 1920s and 1930s; it is projected to crest at Vicksburg,

Volkswagen Chattanooga Selects Port of Savannah

May 13, 2011

Volkswagen Group of America, Chattanooga Operations has selected the Port of Savannah’s Garden City Terminal to handle auto parts in containers for its new plant in Tennessee.

Proposals for Design of New Bridge Received by PCA

May 13, 2011

The Panama Canal Authority (ACP) received six proposals from around the world for the design of the first-ever bridge on the Atlantic side of the waterway, at a public event held Tuesday in Panama.

Subsea 7 Awarded a Three-year Contract From BP

May 13, 2011

Subsea 7 S.A. (Oslo Børs: SUBC) announced the award of a three year Life-of-Field Contract by BP Exploration & Production Inc. The contract will cover the provision of two vessels,

BOEMRE Seeking Accident Investigation Board Chief

May 13, 2011

Bureau Posts Vacancy Announcement in Nationwide Search WASHINGTON – The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced

Teekay Corporation Reports Q1 Results

May 13, 2011

Highlights * First quarter 2011 cash flow from vessel operations of $136.4 million. * First quarter 2011 adjusted net loss attributable to stockholders of Teekay of $27.

Hatchell Joins Donald L. Blount and Associates

May 13, 2011

Donald L. Blount and Associates, Inc. (DLBA), a naval architecture and marine engineering company, announced that Gordon Hatchell has recently become the newest member of our firm.

NOIA Commends Passage of HR 1231, Reversing Moratorium

May 13, 2011

National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement following the approval of HR 1231, `Reversing President Obama’s

CNO Delivers Keynote at FAPAC Conference

May 13, 2011

Chief of Naval Operations (CNO) Adm. Gary Roughead delivered the keynote address at the 26th annual Federal Asian Pacific American Council (FAPAC) conference at the Hyatt Regency hotel in Bellevue,

USS George H.W. Bush Maiden Deployment

May 13, 2011

The George H.W. Bush Carrier Strike Group (GHWB CSG) departed for its maiden deployment May 11. The strike group, led by the Navy's newest aircraft carrier, USS George H.

Genco Shipping Takes Delivery of Handysize Newbuilding

May 13, 2011

Genco Avra Commences Long-Term Spot Market-Related Time Charter Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Avra,

MOL Raises Money for Victims of Japan Earthquake

May 13, 2011

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) reported that it has donated a total of about $.68m to the Japan Red Cross Society and Central Community

Levingston Contracts for World’s Largets Liftboat

May 13, 2011

PaxOcean Engineering Zhoushan Co., Ltd. of Singapore, Singapore and The Levingston Corporation, Boerne, Texas, USA announced they have signed a Letter of Intent

WSDOT Welcomes 64-Car Ferry to Fleet

May 13, 2011

The newest vessel to be added to the Washington State Department of Transportation’s (WSDOT) fleet of ferries was delivered by builder Todd Pacific Shipyards today.

Diana Shipping Acquires Panamax Dry Bulk Carrier

May 13, 2011

Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, today announced that it has agreed to purchase from an

Star Bulk Acquires Two Capesize Vessels

May 13, 2011

Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has entered into definitive

Crude Carriers Reports First Quarter Results

May 13, 2011

Highlights: * Declared a cash dividend of $0.25 per share for the first quarter of 2011. * Reported first quarter net loss of $0.5 million or $0.03 per share (“EPS”).

Kleven Maritime Contract with Olympic Shipping

May 13, 2011

Fosnavåg-shipping company Olympic Shipping contracting newbuildings at Kleven Maritime to 380 million. With this contract Kleven Maritime has a backlog of 10 ships to a total value of 3.

Dockwise Announces Q1 2011 Results

May 13, 2011

DOCKWISE Ltd today publishes results for the three monthly period ended March 31, 2011. Financial Highlights Q1 2011 • Revenues of USD 89 million (Q4 2010:

DEUTZ Presents Q1 Results

May 13, 2011

Most successful first quarter in ten years with net income of €13.7 million Further revenue growth in the first quarter Confirmation of optimistic

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