Tsakos Energy Navigation Reports Q4, Full Year Results
Tsakos Energy Navigation Limited ("TEN" or the "Company") (NYSE: TNP) reported results for the fourth quarter and full year ended December 31, 2010. -- Voyage revenues of $408.0 million. $3.1 million.
MARAD Advisory Re Japanese Power Plant
The Maritime Administration (MARAD) issued an Advisory stating that, due to radiation leaks from the damaged nuclear power plant near Fukushima, Japan, vessels are…
Teekay Tankers Continues Downward Trend
SmarTrend identified a downtrend for Teekay Tankers (NYSE: TNK) on January 24, 2011 at $11.22. In approximately two months, Teekay Tankers has returned 14.1% as of the recent price of $9.64.
Lockheed Martin Awarded $376m for LCS
The U.S. Navy awarded a Lockheed Martin (NYSE: LMT)-led industry team $376m to build the seventh Littoral Combat Ship (LCS). The fixed-price-incentive-fee contract…
This Day in U.S. Naval History - March 18
1945 - Carriers begin 3 month Okinawa Campaign by destroying aircraft on Kyushu, Japan 1974 - Navy sent to sweep mines from Suez Canal (Source: Navy News Service)
This Day in U.S. Coast Guard History - March 18
1909- Stations Holly Beach, and Hereford Inlet, New Jersey: the schooner C.B. parted its chain while weighing anchor. She set a distress signal which was discovered by the lookouts at both stations.
Bay Wins NOAA RV Deal
Bay Electronics Inc. announced they have been awarded a subcontract from Fincantieri's Marinette Marine Corp. shipyard in Wisconsin. The company will provide design services…
Naming Ceremony For Seven Havila Held In Stavanger
Subsea 7, a leading seabed-to-surface engineering and construction services contractor, Havila Shipping and Havyard Design & Engineering held an official naming ceremony for the new-build diving support vessel, Seven Havila, in Stavanger on Thursday 17 March 2011. The vessel, one of the most sophisticated of its kind, is 120 metres long with 1050 m2 of deck space and is capable of travelling at a fast transit speed of 17 knots.
Strategic Marine Wins Contract To Provide High-Speed Patrol Vessels
Western Australian owned international shipbuilding company Strategic Marine has been contracted to provide high-speed patrol vessels for the Australian Federal Police. The three 16 metre vessels will be manufactured for use by Indonesian authorities. Minister for Home Affairs Brendan O'Connor says the construction of three high-speed patrol boats for the Indonesian National Police is well underway, as part of support from the Gillard Government to help tackle people smuggling in the region.
MOL upgrades North Europe - West Africa Service
ROTTERDAM, 18 March 2011 – MOL is upgrading its current ARN product to a fixed day weekly service between Europe and West Africa, with excellent connections via Antwerp for Asian and North American cargo. The new service will launch from Hamburg on 6 April, calling Thamesport, Antwerp, Dakar (Senegal), Tin Can (Nigeria), Tema (Ghana), Antwerp, Hamburg. Abidjan will also be included in the schedule when the political situation in the Ivory Coast allows.
Arrest Order Forces Cruise Ship Owner To Settle Outstanding Ship Agency Bill
International Transport Intermediaries Club (ITIC) has warned that failure to pay ship agents promptly in accordance with contractual agreements can have serious consequences for shipowners, and can potentially involve them in costs which far exceed any unpaid invoices. In the latest issue of its Claims Review, ITIC cites the case of a South American ship agent which was owed $25,000 by the owners of a cruise ship in respect of crew costs and supplies.
Reduced Environmental Impact and Costs for Norwegian Cruise Line
Felling, U.K. March 17th 2011 – Norwegian Cruise Line, based in Miami, is one of the most innovative companies operating in the cruise industry. As part of their commitment to the environment, Norwegian Cruise Line applied biocide free, Intersleek® foul release coatings to the 78,309 GRT Norwegian Sun when it was built in Germany in 2001. Ten years later, the Intersleek® system has only needed touch-up repairs, significantly reducing overall paint volume, packaging, waste and VOC emissions.
Post-quake Update on MOL-operated Vessels: Bulker C.S. Victory Safe after Grounding During Tsunami
ROTTERDAM, 18 March 2011 – Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) reported that all the crew have returned to the MOL-chartered bulker C.S. Victory, which was carried toward a breakwater by the tsunami and grounded in the shallow harbor at Ishinomaki, Miyagi Prefecture, on Friday, March 11. The Panamanian-flagged, 20,212gt vessel was able to leave the area under its own power and is now safely anchored nearby. Source: MOL
SOCP’s Exhaust Gas Cleaning System Selection Guide
The Ship Operations Cooperative Program (SOCP) announced the release of a recently completed study on Exhaust Gas Cleaning System (EGCS). SOCP conducted the study…
BOEMRE Approves Third Deepwater Drilling Permit
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a third additional deepwater drilling permit that complies with all of the new safety standards…
This Day in U.S. Naval History - March 21
1917 - Loretta Walsh becomes first woman Navy petty officer when sworn in as Chief Yeoman 1919 - Navy installs and tests Sperry gyrocompass, in first instance of test of aircraft gyrocompass 1945 -
This Day in U.S. Coast Guard History - March 21
1791- Hopley Yeaton of New Hampshire was commissioned as "Master of a Cutter in the Service of the United States for the Protection of the Revenue." This first…
McLellan Joins Global Diving as Contract Administrator
Seattle-based Global Diving & Salvage, Inc. announces that Nathan McLellan has joined the team as Contracts Administrator. He will be responsible for managing, interpreting, and providing counsel to project managers on contractual obligations while ensuring insurance obligations are properly met. McLellan earned his Juris Doctor from Tulane University Law School in January, 2011 while receiving a certificate in Maritime Law and serving as a member of the Tulane Environmental Law Journal.
USCG Photo: Cutter Eagle in Philadelphia
The crew of the Coast Guard Cutter Cleat, homeported in Philadelphia, escorts the cutter Eagle and its crew to Penn's Landing in Philadelphia, March 18, 2011. The Eagle, homeported in New London, Conn., is the only active sailing square-rigger in U.S. government service and is celebrating the 75th anniversary of its construction. U.S. Coast Guard photo by Petty Officer 1st Class Mike Lutz.
Arctic Holds Over 113 Bboe, Report Says
Infield Systems has published a new report on prospects for the offshore Arctic oil and gas sector through 2017. Infield has identified over 130 Bboe in discovered oil…