Crude Carriers Corp. Q4 Report & Divident
· Reported fourth quarter net profit of $2.4 million or $0.15 per share (‘EPS’). · Earned average Time Charter Equivalent (‘TCE’) of $26,575 per day for the two…
Royal Caribbean Signs LOI for 158,000 GRT Ship
Royal Caribbean Cruises, Ltd. has signed a letter of intent with shipyard Meyer Werft to build the first of a new generation of Royal Caribbean International cruise ships.
GD Wins $60M in Sub Funding
General Dynamics Electric Boat has been awarded a $60 million U.S. Navy contract modification that funds continued design efforts to make Virginia-class submarines more affordable.
Marine Travelift’s 700-Ton Hoist at Grade One Marine
Marine Travelift Inc.’s 700-metric-ton mobile boat hoist has completed more than two years of service and is making a significant difference in the business of its owner, Grade One Marine Shipyard Sdn. Bhd. (GOMS) in Lumut, Malaysia. GOMS is a full-service shipyard, handling ship repairs, emergency repairs, refitting, refurbishment, scheduled maintenance, conversion work and hull, mechanical and electrical work on a routine basis.
Contracts Awarded: Response Boat–Small Replacement Project
On February 4, 2011, the U.S. Coast Guard awarded two fixed price Indefinite Delivery Indefinite Quantity (IDIQ) contracts to begin replacement of the current Response Boat-Small (RB-S) fleet, which is nearing the end of its ten-year service life. The contracts were awarded to Metal Shark Aluminum Boats of Jeanerette, La., and SAFE Boats International of Port Orchard, Wash. Under the terms of the contract…
Harley Joins SI-Tex Sales, New England
SI-Tex announced that marine electronics industry veteran Chris Harley has joined its team of sales professionals, representing the company’s full line of sounders, autopilots, radar, chart plotters, AIS and more to Marine Electronics Dealers across the New England Region. Harley brings with him a wealth of related experience — both in the marine electronics industry and the unique aspects of the New England market. While Harley maintains his own highly successful marine rep firm (C.
Commandant's State of the Coast Guard Address
U.S. Coast Guard Commandant Adm. Bob Papp delivered his first State of the Coast Guard address at Joint Base Bolling-Anacostia in Washington, D.C., Feb. Papp charted the course ahead for the Coast Guard, and announced the release of his Commandant’s Direction, which contains four priorities; Sustaining Mission Excellence, Recapitalizing and Building Capacity, Enhancing Crisis Response and Management, and Preparing for the Future.
Resolve Salvage & Fire CG Approved for OPA90
Resolve Salvage & Fire (Americas), the emergency response division of international maritime emergency services contractor Resolve Marine Group, announced that the U.S. Coast Guard has approved Resolve to help oil tanker vessel owners comply with new OPA90 requirements by the February 22, 2011 deadline. The USCG has already begun issuing Interim Operating Authorizations (IOA) for tank vessels that cite Resolve in their OPA90 Vessel Response Plans.
Flagship-EEM Enables Reduction of Fuel Consumption
Flagship, a part EU-funded maritime transport project, has achieved major advances in accurately measuring on-board power requirements and thereby enabling a reduction in fuel consumption through the development of Flagship-EEM (Energy Efficiency Monitoring). The system enables data acquisition and analysis to continuously evaluate power requirements at every stage of a vessel’s voyage. The system…
Finning Power $11.2M Deal with BAE
Finning Power Systems (Finning), the UK’s sole supplier of Caterpillar engines, has signed a contract in excess of $11.2M with BAE Systems for the supply of propulsion…
This Day in U.S. Coast Guard History - February 11
1973-Due to the draw-down of U.S. forces in South Vietnam the post of Senior Coast Guard Officer, Vietnam, was discontinued. (Source: USCG Historian’s Office)
This Day in U.S. Naval History - February 11
1862 - SecNav directs formation of organization to evaluate new inventions and technical development which eventually led to National Academy of Science. 1971 - U.S.
WSS Expands US Ports Services with Jo Tankers
A new contract to supply ships services to one of the world’s largest chemical transportation fleets, Jo Tankers, has strengthened Wilhelmsen Ships Service’s port coverage for the customer in the USA.