Financing Structure for Canal Expansion Program
Panamanian President Martín Torrijos announced the final financing structure for the historic Panama Canal Expansion Program. Five major multilateral agencies from Europe, Asia and offered to finance the Canal expansion project. The Panama Canal Authority, after months of extensive negotiations, has accepted the banks’ offers. The $2.3 billion financing package will cover a portion of the $5.25 billion total cost of the project.
Signal International Awarded Hercules Contracts
This award brings the number of rigs currently undergoing repair and upgrade at Signal to six. With these new contracts Signal will hire approximately 200 additional craft personnel.
Field Testing Iridium OpenPort in Post Hurricane Gulf
Wärtsilä Propulsion Packages for Wilson Vessels
This order follows a supply agreement from last year with for the provision of complete propulsion systems for a series of eight 8000-dwt bulk carriers currently…
New England-TWIC Enforcement Begins Today
Today, October 15, 2008, the US Coast Guard will commence enforcement of the Transportation Worker Identification Credential (TWIC) rules for regulated facilities…
Rowan Obtains Contract for Jack-up Gorilla II
The two-year commitment is planned to begin in January 2009 and expected to provide approximately $137 million in drilling revenues. The rig will be performing drilling…
Dockwise concludes $84M Vyborg/Shtokman Contract
Dockwise Ltd. announces that through its subsidiary, Dockwise Shipping B.V., it has been contracted by Vyborg Shipyard to transport two topside structures from Korea…
Posco to Bid for Daewoo Ship After Partner Pulls Out
(Source-Bloomberg)
Global Downturn Challenges Middle East Shipping
The debate on shipping economics takes place at the Middle East Money and Ships conference (December 14-16), which runs alongside the Seatrade exhibition. High level…
AETI and L-3 Westwood to Deliver Power Systems
L-3 Westwood has contracted AETI to develop custom-built, commercially oriented marine switchgear for the two separate projects totaling slightly more than $5 million.
CSIS Launches New Tools for Schools
Container Shipping Information Service (CSIS) is launching a new set of resources designed for schools. Its aim is to provide teachers with the tools and information to introduce discussions on global trade and container shipping into the classroom. Among the new resources is an interactive animated video which allows users to follow the journey of certain products from source to store with quizzes and information pit-stops along the way.
Ferry to Return Next Week
The boat was immediately taken out of service and sent to the Bollinger Shipyard in for repairs. When the boat was taken out of the water, crews discovered additional…
This Day in Naval History – Oct. 16
(Source: Navy News Service)
Bonhomme Richard, Pinckney Arrive for San Francisco Fleet Week
More than 1,500 Sailors and Marines aboard the amphibious assault ship USS Bonhomme Richard (LHD 6) and the guided missile destroyer USS Pinckney (DDG 91) arrived in Oct. 12 for the city's annual Fleet Week celebration. Fleet Week San Francisco, held since 1981, is an opportunity for the public to meet their Navy and Marine Corps team. It also allows the Navy and Marine Corps to showcase their personnel, equipment, technology and capabilities while highlighting the history they have with .
Rear Admiral Craig Bone Joins ABS
Upon his retirement from the US Coast Guard, after more than 30 years of service, Rear Admiral Craig E. Bone will join the American Bureau of Shipping’s corporate management. Mr. Bone will take on the international classification society’s newly created position of Vice President, Corporate Programs. Mr. Bone will join ABS effective October 20, reporting to ABS President and COO Chris Wiernicki. He will be located in the society’s satellite executive office in . In this new position, Mr.
Vogelmann Promoted at Hatteland Display
Hatteland Display, made several sales level appointments. Goetz Vogelmann, a Hatteland Display employee for the past six years, was appointed as Sales Director Commercial. Vogelmann joined Hatteland Display after five years at LCD manufacturer, Fujitsu Microelectronics Europe. Knut Vidar Lauritsen, President of Hatteland Display, will also take on a Business Development role. Terje Akerholt, formerly Director of Sales, Commercial Division, was appointed as Sales Manager Commercial.