PAL Indonesia Implements Tribon
PAL Indonesia has purchased the entire Tribon Shipbuilding system for design and production of ships at its shipyard in Surabaya. PAL Indonesia has chosen to implement…
ITIC Bucks Trend with Continuity Credits
At a time of great volatility and significant rises in premium costs in international marine insurance and reinsurance markets, the International Transport Intermediaries…
When Up Is Down
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 1.5 million barrels last week. Total commercial petroleum inventories…
TRW Shareholders: Open Books for Northrop Grumman
Northrop Grumman Corporation Chairman and CEO Kent Kresa stated emphatically that, "TRW shareholders have sent a strong message to TRW's board of directors today…
Royal Caribbean Reports 1Q Results
Royal Caribbean Cruises Ltd. reported that its net income for the first quarter was $53 million, essentially the same as the first quarter of 2001. Earnings per…
ABS Elects Carlsson, Wolcott and Goulandris to Board of Directors
Lars Carlsson, president, Concordia Maritime AB; Douglas Wolcott of Wolcott Associates; and Peter George Goulandris of Capeside Steamship Company Ltd., were elected to the ABS Board of Directors…
Dog Adrift: Day 22
It seems the fate of the little dog Forgea, adrift in the Pacific has now garnered the close attention of the U.S. Coast Guard, as the ship has meandered into U.S.
RigNet Appoints Muller to Board of Directors
Edward Muller has been appointed to serve as a member of the Board of Directors of RigNet Inc. Paul Gundersen, RigNet chairman and CEO, said, "Ed Muller brings a…
Ultra Deepwater Spar/DDCV Study Complete
KBR recently completed a conceptual engineering study of a Spar/Deep Draft Caisson Vessel (DDCV) in 10,000 ft. water depth in the Gulf of Mexico. The six-month study…
DD-X Decision Possibly Friday
In the coming few days, the U.S. Navy is suposed to award a corporate team to design the DD-X, the lead ship in a new family of smaller U.S.warships. "We still intend…
Pacific and Southwest - A Coastal Shipyard Alliance
Pacific Shipyards Intl. has joined forces with Southwest Marine to carry out a five-year IDIQ contract for the U.S. Navy. The primary function of the contract, which…
Industry Leaders Elected To ABS Membership
Twenty-four prominent shipping industry executives have been elected as new Members of ABS bringing the classification society's worldwide membership to 817. The members…
RINA Reports Strong Growth
Italian classification society RINA has reported strong growth for its 2001 financial year. The consolidated revenues of the group were almost $94 million, up ten percent from last year's Euro 85.2 m.
ABS Reports Strong Performance in 2001
ABS Chairman and CEO Frank J. Iarossi has reported continued strong performance by the classification society and its affiliate, the ABS Group of Companies Inc. in 2001.
IBIA: Unite Against EU Sulfur Proposals
ton fuel premium in EU waters by 2005. It says shipping should act now to make credible alternative proposals for an emissions trading system, before the European…
RTM STAR Center Provides Carnival With Simulator Training
Carnival Cruise Lines has signed a contract with RTM STAR (Simulation, Training, Assessment & Research) Center, to provide five-day simulator based training programs…
Sperry Marine Receives Type Approval for VDR
Sperry Marine won multiple type approvals from classification societies and national authorities for the VoyageMaster Voyage Data Recorder (VDR) system. Organization (IMO) carriage requirements…
L-3 Reports Good 1Q Results
Amid the doom and gloom which has become revenue reporting season, it is refreshing to note that L-3 Communications reports that first quarter of 2002, sales were $696.8 million…
Dog Adrift on Tanker Eludes Capture
Forgea, a 2-year-old female dog adrift on the Insiko 1907 since April 2, has eluded her rescuers, according to the Hawaiian Human Society. Sailors from two long…
Port of Houston: Steel Imports Plummet
The Port of Houston Authority posted its slowest start in operating revenues since 1999 during the first three months of 2002. Operating revenues through March 31…