Senior L-3 European Appointments
L-3 Marine & Power Systems Group, whose members include SAM Electronics, has appointed Klaus Lorenz as Vice-President of its European Operations. Reporting to Steve Kantor, President of the $1.3b Group, he will be responsible for all its activities throughout Europe, including business development as well as customer and inter-divisional relationships. Formerly President of SAM Electronics, which was acquired by L-3 in 2006…
Panama Canal Invests $320m in Current Canal
As work on the expansion project progresses, the Panama Canal Authority (ACP) continues to modernize and upgrade the existing waterway, resulting in streamlined operations and increased capacity. Recent modernizations, valued at $320m, include an improved lighting system in the Canal’s locks; a new track and turntable system; the acquisition of five new tugboats; an additional tie-up station; and, the replacement and reconstruction of the ACP’s launch fleet.
PVA: TWIC Readers Not Needed in Many Cases
Security on the majority of domestic U.S.-flagged passenger vessels can be ensured without a requirement for electronic readers of crew members’ Transportation Worker…
PVA Says Phooey on FUPAC
Many vessel and port workers for PVA members in Florida not only have to contend with the Coast Guard-required Transportation Worker Identification Credential (TWIC)…
Another Round of Ferry Grants
The Passenger Vessel Association reminded its members that applications for Federal Ferry Boat Discretionary Grants are being accepted through Friday, June 12. This…
No Cost-Share Security Grants
The Passenger Vessel Association called member attention to the recently enacted economic stimulus bill contains $150m for a new round of financing for competitive Port Security Grants.
NASSCO Begins 5th Product Carrier
General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE: GD), began construction of the fifth ship in its series of product carriers. The shipyard…
Prince Harry Visits the Coast Guard, N.Y.
Prince Harry enjoys a ride onboard a Coast Guard 45 ft medium response boat from Station New York during a tour near the Statue of Liberty in New York Harbor May 30, 2009. After a polo match on Governors Island, the Coast Guard boat crew took the prince on a tour of New York Harbor, ending on the Coast Guard Cutter Katherine Walker, where he crossed to the USS Intrepid in Manhattan.
ABS Preliminary Approval to 2nd OGT Concept
ABS has now issued an Approval in Principle (AIP) for a second floating Gas to Liquids (GTL) concept and is currently involved with the review of several additional…
ABS, Newbuild and Converted Offshore LNG
ABS is currently involved with the review of or being considered for the selected class society for several Floating LNG (FLNG) and Floating Storage and Re-gasification Unit (FSRU) concepts.
Dockwise Secures $63 in Contracts
Dockwise Ltd. announced eleven near-and longer term contracts awarded to its subsidiary, Dockwise Shipping, for the transportation of jack-up drilling rigs, semi…
Noble Denton Spanish Contract
Noble Denton, a global offshore engineering and marine consulting firm, announced the award of a $21.3m contract from ACS Cobra Castor UTE in Spain. The scope of…
Omega Nav Time Charter, Omega King
Omega Navigation Enterprises, Inc. (NASDAQ:ONAV, SGX:ONAV50), a provider of global marine transportation services focusing on product tankers, announced that it…
Excel Maritime 1Q Results
Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes…
This Day in Naval History – June 1
1813 - HMS Shannon captures USS Chesapeake, Capt. James Lawrence. As the mortally wounded Captain Lawrence was carried below, he ordered "Tell the men to fire faster!
Frontline Cancels Tanker Orders
According to a May 28 Associated Press report, Frontline Ltd., which owns and operates one of the world's largest fleet of crude oil tankers, said Thursday it canceled contracts to construct six new tankers, representing a third of the company's tanker building program and a contractual cost of $556 million. The company said it canceled contracts to build four Suezmaxes and two Very Large Crude Carriers (VLCC).
Dryships Agreement on $1.1b of Debt
DryShips Inc. (NASDAQ:DRYS) announced that it has reached agreement on waiver terms with Deutsche Bank AG, lender and Mandated Lead Arranger on $1.125b facility.
Eriksen, Wilhelmsen Ships Service Switzerland
Wilhelmsen Ships Service has further strengthened its presence in Switzerland by appointing Eivind Eriksen as General Manager for Wilhelmsen Ships Service Switzerland. Despite being a landlocked country, Switzerland is an important location on the maritime map. “Recently, we have seen an increased geographical move of customers towards Switzerland. As such, there is a great commercial potential in this area, and thus it is important to strengthen our presence.
CHKY Alliance Reorganizes Far East Srvcs
The CKYH Alliance (COSCON, “K” Line, Yang Ming and Hanjin Shipping) has reorganized its CNEU Far East service, and is once again offering two independent services.
Peter M. Palermo Passes Away
The Ship Structure Committee (SSC) announced that Peter M. Palermo died on 20 May in Alexandria. Palermo was the Navy's Principal Member from 1976-1987. Palermo…
