USCG Awards Response Boat-Medium Contract
The U.S. Coast Guard announced the award of the Response Boat-Medium production contract valued at approximately $600 million to Marinette Marine Corporation of Marinette, Wis.
Fuel Prices Drive Ferry Fares Up
Rising fuel costs may mean another fare hike for ferry riders. The Washington State Transportation Commission last week directed the ferry system to cover a $10…
Chinese Officials Observe U.S. Navy Exercise
After Chinese military officials observed a large-scale U.S. exercise, several of their American counterparts — on both sea and land — expressed interest in China returning the favor…
Government, Oil Majors Discuss Royalties
While some companies, such as Exxon Mobil, reportedly believe the lease contracts should be honored, others, including Shell, reportedly are open to a dialogue on the matter.
Coast Guard Responds to Freighter Taking on Water
Coast Guard rescue crews are on scene and assisting with the dewatering process of a 184-foot freight ship that was reported to be taking on water at 11:40 p.m.
Eagle Bulk Shipping Acquires 3 Ships
carriers for $105 million. charter at a rate of $18,750 per day. time charter at a rate of $19,000 per day. $18,500 per day. from the Company's $330 million revolving credit facility.
Horizon Offshore Prices Shares for Public Offering
Horizon Offshore, Inc. announced the pricing on June 22, 2006 of its public offering of 8,500,000 shares of the company's common stock at $20.53 per share. Company's recapitalization.
Aker Yards Enters Chem Tanker Market
Aker Yards signed an agreement with Kleven Maritime to acquire Kleven Florø AS, and Kleven Design AS. Both entities are located in Florø, Norway. The acquisition…
First Member State Sudits Under IMO Scheme
Chile and Denmark have become the first two IMO States to cement formally their participation in the Voluntary IMO Member State Audit Scheme. A major milestone in…
Carnival, International Paint Strike Deal
International Paint LLC, an Akzo Nobel company, announced a long-term agreement with Miami-based Carnival Cruise Lines to supply the company’s fleet with Intersleek 700 foul release coating system.