Ships Collide in Germany
Two ships collided in a German river, sinking one of the vessels and throwing seven of its sailors into the water, according to an AP report. A third ship later ran into the wreckage.
More Hurricanes Predicted for 2006
Another active hurricane season is in store for 2006 in the Atlantic Basin, the fourth consecutive year there will be an above-normal number of storms, according to a Bloomberg report.
Tax Doubles for North Sea Energy Companies
The British government, struggling to erase its deficit, is doubling the surtax for North Sea oil and gas companies, a move that surprised an industry expecting an increase half that size…
CNOOC, Devon Energy Corporation Sign PSC
China National Offshore Oil Corporation (CNOOC) signed a production sharing contract (PSC) with Devon Energy Corporation for deepwater block 42/05. Block 42/05,…
Oregon Tug Captain Rescued After Capsize
A man is in serious condition after one of two commercial tugs towing a log barge capsized, becoming lodged beneath the giant boat and throwing its captain into the water…
Electric Boats to Cut 2,400 Jobs
New Haven, Conn.-based submarine builder Electric Boat announced that it would eliminate up to 2,400 jobs, or 20 percent of its 11,800 employees, by the end of next year…
Future of Navy Plan Uncertain
A new proposal to revive Navy shipbuilding and add more than 30 vessels to today’s fleet of about 280 depends on the service’s ability to control construction costs…
Teekay Receives $180M Increase to Share Repurchase Program
Teekay Shipping Corporation announced that its Board of Directors has authorized a $180 million increase to the existing share repurchase program. Since the end of November 2004…
Telenor Launches BGAN Service
Telenor Satellite Services, a subsidiary of Telenor of Norway, announced that its Broadband Global Area Network Service (BGAN) is commercially available to customers in Europe…
ABB Wins Contracts Totalling $140M
ABB won contracts worth $140 million to supply its Azipod propulsion systems for three vessels and electrical power systems for 11 vessels and two semi-submersible drilling rigs.
Galbraith’s Names New Director
Parmenter, a highly experienced and well-known dry cargo chartering broker who joined Galbraith's seven years ago from SSY, where he was a senior director. Parmenter…
This Day in Naval History - Dec. 7
1917 - Four U.S. battleships arrive at Scapa Flow to take on the role of the British Grand Fleet's 6th Battle Squadron. The ships include USS Delaware (BB 28), USS Florida (BB 30)…
RIBCRAFT Delivers Response Craft
The United States manufacturer of rigid inflatable boats (RIBs) for safety professionals, law enforcement and military agencies, announced the delivery of a RIBCRAFT 4.8 to the National Park Service.
Diana Shipping Completes Follow-On Offering
Diana Shipping Inc. 5,000,000 shares of common stock priced at $13.50 per share. Bear, Stearns & Co., Inc. global coordinators and joint book-running managers for the offering.
Royal Caribbean Declares Dividend
Caribbean Cruises Ltd. December 16, 2005, payable on December 29, 2005. has voted to declare a dividend to shareholders.
Coast Guard Search for Missing Couple
The Coast Guard is involved in the search for two missing boaters in Louisiana's Lake Pontchartrain this afternoon after their small boat was located overturned in the lake Monday afternoon.
Trident Warrior ’05 Strengthens Navy’s Communication Capabilities
The Navy began a two-week exercise Nov. 28 with navies from Canada, Australia, New Zealand and Great Britain to improve the way it communicates between its ships…
ABB Wins Contracts Totaling $140M
ABB has been awarded contracts worth $140 million to supply its Azipod® propulsion systems for three vessels and electrical power systems for 11 vessels and two semi-submersible drilling rigs.
ExxonMobil's Marine Fuels Meet the ISO Standards
requirements of the new ISO Marine Fuel specifications. Specifications of Marine Fuels. the standard by which marine fuel oils are traded internationally. quality programme.
OSI Secures Mapcon Mapping
Offshore Systems International Ltd. C$1.7 million in its fiscal fourth quarter ended November 30, 2005. Department announced on October 13, 2005. state, county,…