Top Tankers 3Q Loss Widens
Shares of Top Tankers (NASDAQ:TOPT) Inc. fell after the company said its third-quarter loss widened from the previous year. The Athens, Greece-based crude-oil shipper posted a net loss of $18.4m…
Cosco Busan Unified Oil Spill Update
More than 200 people are responding to the COSCO BUSAN oil spill. Golden Gate Bridge working to recover spilled oil. A skimmer is a mechanized oil recovery system.
Coast Guard Responds to Cruise Ship Aground
The Coast Guard is responding to a cruise ship that ran aground this morning after taking on water in the Intercoastal Waterway near the Pungo region of Virginia Beach, Va.
Carrousel Systems Ready for Fitting
Construction and testing of the unique Carrousel towing system and winch platform for use in the first of two innovative combi-tugs building in Malaysia for Dutch…
USCG Suspends Approval Process for New LNG Project
With eyes on more than 400 environmental and safety concerns, the U.S. Coast Guard officially stopped the clock last week on the approval process for the liquefied…
Oil Discovery in Brazil
A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters…
Aker Kvaerner Awarded Drilling Equipment Contracts
Aker Kvaerner has been awarded two drilling equipment contracts by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea; one for a single drillship, the other one for a semi rig.
Shipyard Closes, Leaves “Ghost Fleet” Ships in Limbo
The fates of six ships from the James River Reserve Fleet are in limbo after a Maryland salvage yard that was supposed to scrap the vessels abruptly closed and its owners disappeared.
BOURBON Announces Quarterly Financial Results
Third quarter 2007 revenues for BOURBON rose 35% over the same period in 2006 to total $294.3m. This growth was driven by higher revenues in all BOURBON divisions.
ECI Acquires Kelvin Hughes
ECI Partners LLP (“ECI”), the UK mid-market buyout specialist, has acquired Kelvin Hughes in a $109.3m transaction out of Smiths Group plc, the UK listed technology company.
Waterways Council Applauds WRDA Veto Override
Waterways Council, Inc. (WCI) expressed its gratitude for the aggressive work of the House and Senate this week to override the President’s veto of the Water Resources Development Act of 2007.
This Day in Navy History
Nov. 09: 1921 - USS Olympia arrives at the Washington Navy Yard from France carrying the body of the Unknown Soldier for internment at Arlington National Cemetery.