STX Targets $3b Sales from New Yard

Monday, April 02, 2007
STX Shipbuilding Co., the world's seventh-largest shipbuilder, said its shipyard to be built here will post $3 billion in sales in 2012, similar to that of its shipyard in Jinhae, South Korea. During a ground-breaking ceremony for the shipyard, Kang Duck-soo, chairman of the STX Group, said its $500 million project to build the first South Korean-owned shipyard in China by the end of 2008 would help the company emerge as a global shipbuilder. Source: Business in Asia Today
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BP Shipping Turns 100

BP Shipping celebrated its 100-year anniversary yesterday, making it the longest continually operating company in the group.   Formed on April 30, 1915 as the British Tanker Company,

Canada to Scale Back Plan for Navy Ships, Go Over Budget

Canadian officials said on Friday a C$26.2 billion ($21.5 billion) program to build 15 naval ships could end up below target and over budget, the latest challenge

US Navy is Buying the Wrong Ship, Costing Taxpayers Billions

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Coast Guard

French Patrol Ship Rescues 217 Migrants off Libya Coast

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USCG Warns Mariners of Shoaling in Merrimack River

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T&T Salvage Completes OPA 90 Response in the Great Lakes

T&T Salvage was activated under its Salvage and Marine Firefighting Agreement to respond to a 600-foot laker that went aground on the St Mary’s River near DeTour Village, Mich.

 
 
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