OSG Buys Two U.S. Flag Tankers
Overseas Shipholding Group, Inc. two 50,000-deadweight ton U.S. Inc. ExxonMobil. "This acquisition demonstrates OSG's commitment to expand its U.S. business. said Morten Arntzen…
Corps to Release Draft Proposal for Navigation Study
The U. S. Army Corps of Engineers is preparing to release a draft proposal for public comment and review in the Upper Mississippi River and Illinois Waterway Navigation Feasibility Study.
River Pilot Pleads Guilty
Jim Letten, United States Attorney for the Eastern District of Louisiana, announced that TEAL MURDOCH GRUE, a river pilot and member of the New Orleans Baton Rouge…
Thrane & Thrane Acquires EuroCom Industries
EMG EuroMarine Electronics GmbH sold its 88.6-percent stake in ECI EuroCom Industries A/S, Ålborg, Denmark to Denmark’s Thrane & Thrane A/S for approximately EUR 14 million.
Petripentti New Fortum Oil CFO
M.Sc. (Econ.) Petri Pentti has been appointed CFO of Fortum's Oil Sector and of the new oil company to be listed on the Helsinki Exchanges. He assumes his new position…
USS Ronald Reagan Redelivered After PSA
Northrop Grumman Corporation successfully redelivered the nation's newest and most advanced nuclear-powered aircraft carrier, USS Ronald Reagan (CVN 76), to the U.S.
Caution Advised When Offshore Iraq
The National Geospatial-Intelligence Agency (NGA) issued a Notice stating that mariners should exercise extreme caution when operating in the vicinity of Iraq’s…
NTSB Issues Report on Passenger Vessel Sinking
The National Transportation Safety Board (NTSB) issued its report into the grounding and sinking of the uninspected passenger vessel SAFARI SPIRIT in Kisameet Bay, Canada on May 8, 2003.
Preferred Ship Mortgage on Vessel Under Construction
The U.S. Court of Appeals for the Fifth Circuit ruled that a preferred ship mortgage may be recorded before a vessel’s construction is completed. In the instant case…
Choice of Law May Result in Claim Forfeiture
In an unpublished decision, the U.S. Court of Appeals for the Second Circuit ruled that a freely negotiated choice of law clause is binding, even where that choice…
LA/LB Issues Tug Escort Proposal
The California Office of Spill Prevention and Response (OSPR) issued a Notice of Proposed Rulemaking (NPRM) regarding guidelines for tank vessel escorts for Los Angeles/Long Beach Harbors.
Warning Regarding Ship Bomb Issued
The UK intelligence agency MI5 issued a Caution advising industry of the possibility that terrorists might attempt to deliver bombs by means of aircraft or ships.
Lower Port Dues for ISPS-Compliant Ships
The Singapore Maritime and Port Authority (MPA) said that ships in compliance with the ISPS Code prior to July 1, 2004 will receive a 5% rebate on port dues when…
Exclusion Zone Established in Iraqi Waters
The U.S. Maritime Liaison Office (MARLO) issued an Advisory stating that an exclusion zone has been established in Iraqi waters within 2,000 meters of the Khawr…
First of Three Tugs Delivered to Indian Navy
The first of a three-vessel order has recently been delivered to the Indian Navy by the Tebma Shipyard located on the Indian East Coast. Each tug is to be powered…