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Container Carriers Set Reliability Record

Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69% across all the trades covered by Drewry’s Schedule Reliability Insight report,

Kvichak Nets Five-Year Coast Guard Contract

Kvichak Marine Industries, Inc., of Seattle, WA, was awarded a five year contract by the U.S. Coast Guard for the construction of up to 80 each Transportable Port Security Boats (TPSB) in 2011.

General Maritime Reorganizes

General Maritime Files Plan of Reorganization and Disclosure Statement; Plan Supported by the Company's Key Senior Lenders.   General Maritime Corporation

Alion Nets $73M Navy Contract

Alion Awarded Navy Contract Valued at $73.2M to Support NAVSEA Programs for Maintenance and Modernization of 185 Surface Warfare Ships; Technology Solutions Firm

Paragon Announces Early Charter Termination

Paragon Shipping Inc. announced that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas (the "Vessel"), a 2008-built 58,

Northrop Grumman: Strong 4Q and 2011 Financials

Highlights include: Q4 EPS from Continuing Operations Increase to $2.09; 2011 EPS from Continuing Operations Increase to $7.41; Free Cash Flow before

Boston Whaler Justices Support Counternarcotics Ops

The U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) has awarded a $36 million contract to Brunswick Commercial and Government

Report: IHI, JFE to Merge Shipbuilding Units

Reuters is reporting that JFE Holdings Inc and IHI Corp will merge their shipbuilding units in a bid to remain competitive as demand for vessels contracts and Chinese

Costa Releases Details on Guest Reimbursement from Concordia Wreck

Costa Crociere announced a compensation proposal for guests that have returned home after the Costa Concordia accident on January 13.  This proposal is also

Stolt-Nielsen Reports 4Q & FY11 Unaudited Results

Stolt-Nielsen Limited Reports Unaudited Results For the Fourth Quarter and Full Year of 2011. Stolt-Nielsen Limited has reported unaudited results for the

Keppel Details FY 2011 Results

The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2011. The FY 2011 Report Card and the Address by Mr Choo Chiau Beng,

Maritime Industries Academy Foundation Receives Donation

Glen Paine, President, Maritime Industries Academy Foundation (MIAF) announced that the Steamship Trade Association of  Baltimore Charitable Legacy, Inc. donated $10,

Star Bulk Extends Share Repurchase Plan

  Star Bulk Carriers Corp. (Nasdaq: SBLK), said that its Board of Directors approved the extension of the Company’s Share Repurchase Plan, which has been in place since 2010,

Oil & Gas Execs: Market Moving Up

While forecasts of financial gloom dominate mainstream news casts, there is an emerging feeling of optimism in fo the near term prospects for the oil and gas business.

OW Bunker Appoints Bunker Trader

Sahar Zarghamian joins OW Bunker as a Bunker Trader.   OW Bunker, a supplier and trader of marine fuel, today announced the appointment of Sahar Zarghamian

USDOJ: Sentencing in Environmental Crime Case

Miami River Compnay Sen tenced to Five Years Probation and $1,000,000 Fine for Oil Pollution and Ballast Water Crimes.   Wifredo A. Ferrer, United States

Cadden Targets Exports

Cadden, specializing in electronic measuring systems for geopositioning and oceanography, is entering a new growth phase. The Nantes-based small business wants

Port of LA Breaks Record

For the second consecutive year, the Port of Los Angeles experienced record-breaking exports as outbound container volumes surged 14.5 percent in 2011 compared to 2010.

Report: Euronav Cancels Suezmax Contract

Euronav NV (EURN) canceled an order for a suezmax tanker to preserve cash following six quarters of unprofitable rates for its biggest vessels, according to a Bloomberg report.

Shipyards: Hotbeds of Ingenuity – and Risk

A typical driveway mechanic can open up the hood, dive into a car’s guts and emerge hours later with an understanding of what is wrong. Even if the mechanic can't get the engine to purr,

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