Transocean Provides Deepwater Horizon Update
On April 26, Transocean Ltd. (NYSE: RIG) (SIX: RIGN) provided the following update on the Deepwater Horizon and the company's role in supporting BP Exploration & Production, Inc.
The Ice Strengthened, Twin Hulled Susitna
The M/V Susitna is an Office of Naval Research (ONR) platform demonstrating variable geometry/variable draft capability in a twin hull marine vessel. Tests and trials of this first of class vessel will demonstrate its ability to operate as a deep draft, high speed vessel capable of carrying large payloads in high sea states with a stable ride, then transition to a shallow draft, beachable, landing craft mode capable of delivering Expeditionary Forces to the beach.
Horizon Lines Q1 Financial Results
Horizon Lines, Inc. (NYSE:HRZ) reported results for its fiscal first quarter ended March 21, 2010. On a GAAP basis, the first-quarter net loss totaled $13.2 million…
Deep Down Constructs Carousel System
Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services…
Angola LNG, Colle Maritime 20 Yr Contract
Colle Maritime Company of Pascagoula Miss., a joint venture between Signet Maritime Corporation and Colle Towing Company, has been awarded a twenty-year contract to provide marine services to Angola LNG Supply Services LLC (ALSS) in the Port of Pascagoula, Miss. The agreement, to commence third quarter 2011, includes options to extend for up to ten additional years. Utilizing their combined expertise…
This Day in Naval History – April 28
1962 - Naval forces capture Forts Jackson and St. 1944 - U.S. 1993 - SECDEF memo orders Armed Forces to train and assign women on combat aircraft and most combat ships…
This Day in Coast Guard History – April 28
1908- Secretary of Commerce and Labor was authorized to patrol regattas and transfer that authority to another Department if need be. Thus the Revenue Cutter Service…
Kobelco Polyglycol Lubricant Receives Patent
Kobelco Eagle Marine Engineering Ltd. (KEMEL) announced that its polyglycol-based stern tube and CPP/thruster gear lubricants ST-77 and TH-100 have recently received a U.S. Patent. Introduced to the marine market in 2005, there are now about 70 vessels taking advantage of this lubricant. www.kobelco-eagle.com
Northrop Grumman Moves to Virginia
Northrop Grumman Corporation (NYSE: NOC), announced that it will locate its new corporate office in Virginia, concluding a search that also included the state of Maryland and the District of Columbia.
New Address for CEPSA Marine Fuels
CEPSA Marine Fuels’s new office has been moved to a new CEPSA building in the area. The new remains close to Madrid’s airport (Barajas) and is within the same business park (Campo de las Naciones).
The BRAtt: Burchett Robert Allan Training Tug
The BRAtt project evolved from Ron Burchett’s training programs for tug operators using radio-remote controlled scale models. Why not build a model that is large enough for the operator and instructor to ride on and learn in the same space frame of reference as the boat? The BRAtt is a 25.6 ft by 11.8 ft aluminum-hulled training tug designed by Robert Allan Ltd, with the designer’s distinctive double-chine hull form.
Holland America Worth $481M to State Economy
Holland America Line contributed $357m to the Seattle economy and $481m to Washington state, mostly stemming from the cruise line's Seattle to Alaska itineraries.
Scorpio Tankers to Purchase Handymax Tankers
Scorpio Tankers Inc. (NYSE: STNG) announced that it entered into agreements to purchase four double hulled Handymax tankers for an aggregate purchase price of $99m.
Paragon Shipping Contracts for Drybulk Vessels
Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced that it has entered into shipbuilding contracts…
Marine Exhaust Systems Wins Patent Lawsuit
On April 21, the United States District Court for the Southern District of Florida found that DeAngelo Marine Exhaust willfully infringed on two of Marine Exhaust Systems, Inc.'s U.S. patents and that these patents are valid and enforceable. The court also awarded Marine Exhaust $92,804 in damages and agreed to consider additional losses, as well as possibly tripling the final amount. In response,…
Hyundai Steel's Q1 Net Rises Nearly Five-Fold
According to an Apr 27 report from TradingMarkets.com, Hyundai Steel Co. (KSE;004020), South Korea's No. 2 steelmaker, said its net profit rose nearly five-fold…
Signs of Shipping Sector Recovery
According to an April 27 report from The Business Times, there has been a slew of upgrades on the offshore and marine, and shipping sector on account of early signs of a pick-up in new-builds.
Supreme Court Ruling Against Closing Chicago Locks
The American Waterways Operators (AWO), the national trade association for the tugboat, towboat and barge industry, hailed the U.S. Supreme Court’s decision announced…
This Day in Naval History – April 29
1898 - U.S.
This Day in Coast Guard History – April 29
1909- Burnt Island, Maine: The schooner Regina stranded five miles north of the station. The Life-Saving crew, in a small power boat, arrived at the same time as the tug Bismarck.