MHI, VINASHIN Sign Licensing Agreement
Mitsubishi Heavy Industries (MHI) signed an agreement to license its UE low-speed diesel engine technology to Vietnam Shipbuilding Industry Corporation (VINASHIN).
Australian LNG Exports to Increase
The output from an expanded Australian North West Shelf is a major driver in the forecast 48 percent increase in LNG exports to $4.7 billion this year, according to a WA Business News report.
Venezuela, Iran Explore Joint Shipbuilding Operation
Venezuela and Iran have agreed to explore setting up a joint shipbuilding operation in the South American country, according to AP reports. The preliminary agreement…
ConocoPhillips to Acquire Burlington Resources
Already one of the most aggressive spenders on future supplies, ConocoPhillips CEO James J. Mulva is now poised to make another huge deal: a $30-billion plus acquisition of Burlington Resources (BR)…
Sen. Breaux Seeks More Oil, Gas Revenue for Louisiana
Employees of Shell Exploration & Production who evacuated from New Orleans before Hurricane Katrina will come back to the city soon, according to a BizNewOrleans report.
Washington Senator Seeks to Increase Port Security
Washington Sen. Patty Murray is working to plug a hole in the nation's terrorism defenses that is very close to home, according to a Seattle Times report. Imported…
NASSCO Wins LSD/LPD Maintenance and Repair Contract
National Steel and Shipbuilding Company (NASSCO) won a seven-year contract for the continuous maintenance and repair of four LSD-41/49 class ships and four LPD-4 class ships for the U.S. Navy.
Aker Kvaerner to Create New Jobs on Teesside
Aker Kvaerner Offshore Partner, headquartered in Aberdeen, is to open a satellite office in Stockton-on-Tees, UK. The office will be responsible for a range of upstream oil and gas projects…
Contract for New Z-Drive Harbor Tug
A contract for the Hector P., a new 4,200 hp Z-Drive harbor tug to be built by Orange Shipbuilding for South Puerto Rico Towing Corporation was signed last month.
Coast Guard Searches for Cruise Ship Passenger
Coast Guard rescue crews have been searching since Saturday afternoon for a 59-year-old-Canadian woman who possibly fell overboard yesterday from the cruise ship Jewel of the Sea off Nassau, Bahamas.
Navy's Plans Call for Smaller Ships
The Daily Press reports that a new Navy shipbuilding plan envisions a future fleet with one fewer aircraft carrier and six fewer attack submarines than exist today…
Gulf Among Top Superyacht Markets
According to reports, at the Middle East Money & Ships a Representative of Frankfurt's DVB Bank, said although the Gulf's SuperYacht industry is not yet fully developed…
California Releases Report on Ballast Sater Discharge Standards
The California State Lands Commission (SLC) released its Report on Performance Standards for Ballast Water Discharges in California Waters . The report and its accompanying…
Fireboat Would Boost Port Security for NH
The Union Leader reported that security at the Port of New Hampshire is expected to be enhanced by the acquisition of a boat, which would be used to fight maritime…
Arlington Tankers Enters Loan Agreement
Ltd. million loan agreement with The Royal Bank of Scotland plc. agreement provides for a five-year term loan facility. N.V. tankers from the Stena Group. in January 2006. drawdown.
This Day in Naval History - Dec. 13
1775 - The Continental Congress authorizes the building of 13 frigates. 1941 - Cmdr. William A. Sullivan designated the first supervisor of salvage, giving the supervisor an office in New York City.