China Shipbuilding Profit Jumps
According to a report from Ebeling Heffernan, China Shipbuilding Industry Co. (CSIC), the country’s northern shipbuilding giant, said its net profit last year rose 7.28% to about $246b.
Yangzijiang Shipbuilding
According to a report from Today, a MediaCorp Press publication, Yangzijiang Shipbuilding reported a 14 per cent year-on-year rise in revenue to 3.05 billion yuan…
Almar, North River Boats Delivers Fire Boat
Almar by North River Boats Inc. of Roseburg, Ore. announced the recent delivery of a 30-ft by 10-ft Sounder / Fire Boat. This boat was built to NFPA 1925 standards and the fire suppression system was UL Certified prior to delivery. The boat is equipped with twin Honda 225 hp four stroke outboards for its main propulsion system and powers the 30-ft vessel at greater than 32 knots. A single 200 gallon fuel tank supplies the propulsion engines, fire engine and genset.
General Dynamics Awarded Second U.S. Navy Sub
The U.S. Navy has released $1.2b for the construction of the 14th Virginia-class submarine, SSN-787, to General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics (NYSE: GD).
Almar by North River Boats Recent Completions
Almar by North River Boats Inc. of Roseburg, Ore. 1.) This is the fourth boat in a series of five 33-ft X 10-ft Sounder Pilot House built for Hydrographic Survey use.
Commissioning for Newest Navy Destroyer USS Lawrence
The USS William P. Lawrence (DDG 110) will be commissioned June 4, 2011, at the Alabama State Port Authority Pier 2 Terminal in a ceremony co-hosted by the City of Pensacola and the City of Mobile.
This Day in U.S. Coast Guard History - May 2
1882-An Act of Congress (22 Stat. 1932- Northern Pacific Halibut Act re-enacted Act of 7 June 1924, after Convention with Canada and made it unlawful to catch halibut…
Hyundai Heavy Q1 Net Profit Up 21.16 %
Hyundai Heavy Industries, the world’s biggest shipbuilder, today reported first quarter net profit of KRW 903 billion, an increase of 21.16 percent year-on-year. Sales rose 16.92 percent to KRW 6.3 trillion won with operating profit up 10.99 percent to KRW 991.8 billion. Hyundai Heavy’s annual sales target for this year is KRW 26.9 trillion and new orders of USD 26.6 billion. The Company’s operating…
Maersk Tankers Now Fielding KVH CommBox
MIDDLETOWN, RI – Maersk Tankers, a division of A.P. Moller Maersk AS, has chosen the CommBox™ Ship/Shore Network Manager from KVH Industries, Inc., (Nasdaq: KVHI) to increase efficiency and lower communications costs aboard 70 vessels. This is in addition to 50 CommBox-equipped vessels that Maersk brought onboard with its acquisition of Broström tankers in 2010. Copenhagen, Denmark-based Maersk will…
Qatar Navigation Reports Q1 Results
Qatar Navigation Q.S.C. announced today financial results for the three months ended March 31, 2011. • Operating revenues of QR 533 million vs. same period in 2010 of QR 431 million. This represents a 24% increase year over year. • Operating Profit of QR 157 million vs. same period in 2010 of QR 118 million. This represents a 33% increase year over year. • Net Profit of QR 262 million and QR 2.28 earnings per share, vs. same period in 2010 of QR 771 million and QR 6.73 per share.
ORRV Discovers Two Shipwrecks In The Philippines
PEORIA, IL -- (PR Newswire) -- April 29, 2011 -- Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced that team members have discovered two shipwrecks in the Philippines. Preliminary investigations indicate that at least one of the ships located is believed to be a Manila Galleon that was outbound from Manila to Acapulco, Mexico. The second…
Growing Ulstein Business In The Netherlands
A memorandum of understanding (MOU) was signed at 27 April 2011, which outlines the main principles of how Norwegian Ulstein Group and Netherlands based IDEA Heavy Equipment are joining forces. The companies have entered into an MOU which will lead to an operational business in the Netherlands by the first of July 2011. A new company will be established under the name “Ulstein IDEA Equipment Solutions b.v.” which combines ULSTEIN’s offshore vessel design…
New Washington DC Office for Mobilarm
Perth, Western Australia: Global marine safety equipment provider, Mobilarm Limited (ASX: MBO) today announced that is has strengthened its North American presence with the establishment of an office in Washington D.C. to manage the Company’s growth and tap into emerging opportunities in the defence, offshore oil & gas and commercial marine sectors. Mobilarm has appointed Roger Hoff as Defence Program Manager and North American Business Manager based in Washington.
Almar, North River Boats Delivers Fire Boat
Almar by North River Boats Inc. of Roseburg, Ore. announced the recent delivery of a 30-ft by 10-ft Sounder / Fire Boat. This boat was built to NFPA 1925 standards and the fire suppression system was UL Certified prior to delivery. The boat is equipped with twin Honda 225 hp four stroke outboards for its main propulsion system and powers the 30-ft vessel at greater than 32 knots. A single 200 gallon fuel tank supplies the propulsion engines, fire engine and genset.
General Dynamics Awarded $1.2B for Second Navy Sub
The U.S. Navy has released $1.2b for the construction of the 14th Virginia-class submarine, SSN-787, to General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics (NYSE: GD).
Almar by North River Boats Recent Completions
Almar by North River Boats Inc. of Roseburg, Ore. 1.) This is the fourth boat in a series of five 33’ X 10’ Sounder Pilot House built for Hydrographic Survey use. This boat is powered by twin Yanmar 315 hp diesel engines and Hamilton 241 water jets with a top speed of over 31 knots and a fuel capacity of 200 gallons. The pilot house is equipped with two Coleman Seamach air conditioning units, a stand up head with electric toilet and wash basin for the comfort of the crew.
U.S. Barge Delivers Combination Deck/Tank Barge
U.S. Barge LLC, a wholly-owned subsidiary of Vigor Industrial LLC, this week will deliver a combination Deck and Tank Barge to NorthStar Gas LLC, an Alaskan Petroleum Distributor. The CAUNEQ was christened on April 15, 2011 and will start making deliveries in May to the Yukon, Kuskokwim and Western Alaska Costal Regions. NorthStar Gas and its operating partner, Delta Western, will use this barge to service customers in Western Alaska, stabilizing the transportation costs of fuel in the region.
Box Ships Recieves First Two Containerships
Box Ships Inc., (NYSE: TEU), a global shipping company specializing in the transportation of containers, announced that it has taken delivery from Paragon Shipping Inc.…
Response to PSA after Gas Leak on Gullfaks B
Statoil has responded today, 29 April, to questions put by the Petroleum Safety Authority Norway (PSA) in connection with its report into the Gullfaks B gas leak on 4 December 2010. “Concern with health, safety and the environment (HSE) is our first priority,” says Øystein Michelsen, executive vice president for Development and Production Norway. Statoil has initiated a number of improvement measures aimed at areas identified in the PSA’s investigation report.
Paragon Shipping Sale Two Containerships To Box Ships
ATHENS, Greece, April 29, 2011 - Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes, announced today that it has completed the sale and delivery to Box Ships Inc., of both the Box Trader and Box Voyager, two 3,426 TEU high specification containership vessels built in 2010 in exchange for 2,266,600 shares of Box Ships common stock and approximately $69.2 million in cash.
