ACL Sees 2Q Profits Tripled

Thursday, July 27, 2006

American Commercial Lines reported that the company’s second- quarter profits nearly tripled on strong sales. The Jeffersonville-based company posted net income of $17.7m, compared with $6.03m during the same period a year ago. Sales increased 20 percent. The company announced last month it plans to hire 1,100 people over the next three years. (Source: Star report)

Escort Tugs in San Francisco Bay

Indian Navy Chose Ullman Seats as New Standard

China Supplies Maersk Triple-E Hull Modules

Wison Announces Venezuela Contract

MARAD Deputy Matsuda Resigns

People & Company News

Steamship Mutual Addresses Underwriting Imbalance

Steamship Mutual released interim financial results for the year ending February 20, 2013. As with all international group clubs, underwriting performance for the year ended February 20,

PSSA Interactive Display Launched at IMO

A new interactive display on Particularly Sensitive Sea Areas (PSSA) has been launched at IMO Headquarters and online at www.pssa.imo.org. A PSSA is an area

Second Consecutive Decline for Stifel Logistics Confidence Index

The Stifel Logistics Confidence Index continued its downward trend in May as it fell for the second consecutive month. Compiled by Transport Intelligence, the overall index,

Maritime Security

Transas Updates Ship Security Alert System

Transas Marine launched its latest ship security alert system ShipGuard 4 SSAS, utilizing the SkyWaveIsatData Pro transceiver. The IsatDataPro(IDP) series operates

AdvanFort President Addresses Ransom and Piracy

"The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication

Ambrey Risk Awarded Coast Guard Accreditation

Maritime security specialist, Ambrey Risk, based in Hereford U.K., announced that the company has become Maritime Coastguard Agency Accredited, and can now offer STCW95 courses,