ShipServ Launches E-Commerce Site
ShipServ (www.shipserv.com) now provides an end-to-end web-based procurement applications supporting both ship managers and suppliers in the maritime industry. After…
Oscar-2 Submarine: An Aircraft Buster
The Russian nuclear-powered Kursk submarine, crippled by a technical fault and stuck on the bed of the Barents Sea, is an aircraft carrier buster capable of launching…
Outlook Not Great For 100 Russian Sailors, Sub
In quickly evolving events, Russia's navy on Monday was desperately trying to rescue more than 100 sailors trapped in a crippled nuclear-powered submarine on the bottom of the sea.
TMM: Financial House In Order
Mexico's Transportacion Maritima Mexicana SA said it is in a solid financial position and would have no problem paying off $142 million in senior unsecured notes due Oct. 16.
Daewoo Reports Hefty Losses
Daewoo Heavy Industries Co. (DHI)announced a loss in the first- half of this year of 337.7 billion won ($302.9 million), compared with net income of 53.2 billion won in the same period last year.
Norway Holds Emergency Meeting Regarding Sub
Norway called a meeting of a crisis team for radioactive accidents on Monday, August 14, after technical faults forced a Russian nuclear submarine to run aground on the sea bed off northern Russia.
Russian Nuclear Sub Trapped On Bottom
More than 100 Russian sailors are reportedly trapped in their nuclear-powered submarine on the sea bed off northern Russia, after technical faults apparently forced…