Despite Low Earnings, Litton Surpasses NYSE Forecasts
Military shipbuilder Litton Industries Inc. on Wednesday reported lower fiscal first-quarter earnings, but surpassed Wall Street forecasts due to strength in its recently refocused core operations.
Reprieve Expected to Aid Telstra's Offshore Issues
Now that British Telecommunications' jumbo $10 billion global bond issue is out of the way, Australian Telstra's offshore issues, clear losers in recent sessions…
Litton Ingalls To Repair USS Cole
The USS Cole, battered by an apparent suicide bombing in Yemen, will arrive in Mississippi next week for extensive repairs, a top U.S. Navy source said on Tuesday.
Outboard Marine To Lay Off 1,000
Boat manufacturer Outboard Marine Corp. said on Tuesday it plans to reduce its worldwide workforce by about 1,000 employees, or about 14 percent of its staff, and…
Added Panamax Cargo Inquiries Have Little Effect On Rates
While panamax cargo Inquiries from the U.S. Gulf have increased, the additional business was not expected to have much effect on freight rates, brokers said on Tuesday. Fixtures for the benchmark U.S.
Parajitos Port Reopens; Dos Bocas Remains Closed
Mexico's Pajaritos oil port reopened to shipping on Tuesday because of improved weather, but high seas kept the port of Dos Bocas closed for a second straight day, said authorities.
CMB Closes Bidding On Its Port Handling Division
Belgian shipping group CMB said on Wednesday it has closed the bidding period for the sale of a stake in the combined operation of its port handling Hessenatie division with peer Noord Natie.
Two Cruise Ships For Blohm + Voss?
German shipbuilder Blohm + Voss said on Wednesday it was in negotiations to build two ships but declined to confirm a report that the potential order was to build…
EU Proposes Establishment Of New Safety Agency
The European Commission proposed a range of measures on Wednesday aimed at improving shipping safety standards, including the creation of a European Maritime Safety Agency. "With these proposals ...
GLM's Industry SCORE Continues to Improve
Global Marine’s worldwide SCORE, or Summary of Current Offshore Rig Economics, for September 2000 increased 1.8 percent over the previous month. Global Marine Chairman…
Tidewater CEO to Address WorkBoat Show
William C. O’Malley, President and CEO of Tidewater Inc., will provide the keynote address at the International WorkBoat Show, being held at the Ernest M. Morial Convention Center in New Orleans, Dec.
Thoma-Sea Boatbuilders Inc., Houma, La., launched the first of two new 150-ft. offshore supply vessels (OSVs) it is building for Massie Towing of Houma. The vessels…
Tidewater Looks to Enter New Market
A key to success in today’s tumultuous business environment is the ability to anticipate and adapt to the changing needs of its customers. It seems appropriate then…
VBSS Training Prepares Coast Guardsmen
The three-member Coast Guard boarding team stepped from the darkened bowels of the ship into the sunlight of the vessel’s aft deck. They didn’t stand a chance. One…
USCG 12-Hour Clause Policy Letter Issued
The USCG recently published a letter concerning watchkeeping policy and workhour limitations on towing vessels, offshore supply vessels (OSVs) and crewboats using a two watch system.
Is 3-D Product Modeling Practical For Small U.S. Shipyards?
Over the past 30 years, computer-aided ship design and construction has progressed from mainframe computers to PCs, from independent programs to fully integrated programs…
History Repeats Itself In the “City of Brotherly Love”
A new development within the realm of U.S. Shipbuilding — the new Kvaerner Philadelphia Shipyard (KPSI) is poised to be one of the most efficiently outfitted commercial shipyards in the world.
Cruise Industry News Briefs
Following extensive dock trials, Royal Caribbean's 88,000-gt Radiance of the Seas departed the covered building dock at Meyer Werft's Papenburg shipyard. The vessel…
New Deliveries, Consolidation Drive Cruise Industry
As the world's two major cruise lines, Carnival and Royal Caribbean International, wage a continual battle to increase market share and draw additional passengers…
Enhanced Escort Tug Ajax Delivered to Ostenjo Rederi
Østensjø Rederi AS of Haugesund, Norway has received Ajax, one of the most powerful dedicated tanker escort tugs in the world, and the most powerful in Europe, for service on the west coast of Norway.