Horizon Makes $7.5m Debt Payment
Horizon Lines, Inc. (NYSE: HRZ), announced that it has made another voluntary debt reduction payment of $7.5m on its revolving credit facility. The payment is the…
New Vessel Sharing Agreement
Following the success of a previous vessel sharing agreement, Danish carrier Maersk Line announced the establishment of a new Vessel Sharing Agreement (VSA) with…
BIMCO Issues Piracy Advisory
While there have been clear statements made by the shipping industry lobby regarding piracy to the international community and the volume of reporting on events…
GAO – Report on Freight Congestion
The Government Accountability Office (GAO) issued a report on approaches to mitigate freight congestion. It states, among other things, that increasing congestion…
GAO –DHS Programs Lack Oversight
The Government Accountability Office (GAO) issued a report stating that some major Department of Homeland Security (DHS) programs lack appropriate oversight. For example…
TWIC Deadline –Florida Ports
The U.S. Coast Guard urges maritime workers who have not yet applied for a Transportation Worker Identification Credential (TWIC) to apply as soon as possible before…
Brunswick - Organizational Changes
Brunswick Corporation (NYSE:BC) announced several organizational changes outside of the United States to its Hatteras Collection, makers of several brands of yachts and sportfishing boats.
Top Ships 3Q, 9 Mo Results
Top Ships Inc. (NASDAQ:TOPS) announced its operating results for the third quarter and nine-month period ended September 30, 2008. For the three months ended September 30…
New Navy Contracts
L-3 Services, Inc., Unidyne Division, Norfolk, Va., is being awarded a $46,670,682 indefinite delivery, indefinite quantity, cost plus fixed fee contract for engineering…
EBDG Designs Oil Barges for Harley
Elliott Bay Design Group LLC (EBDG) recently announced that it has been awarded multiple contracts to design oil barges ranging in size from 31,500 to 83,000-barrel capacity for Harley Marine Services (HMS) of Seattle, WA. The series of projects began in January 2007 with the contract to design a 38,500-barrel oil tank barge. EBDG completed the design and it was released for bid in May. In June, HMS signed a long-term operating contract with its customer for four 31…
This Day in Naval History – Nov. 24
1852 - Commodore Matthew Perry sails from Norfolk, VA, to negotiate a treaty with Japan for friendship and commerce. 1964 - USS Princeton (LPH-5) completes 7-days…
Intertanko Diversions - Piracy
Intertanko and its members stated that they abhor the rapidly escalating piracy situation off the coasts of Somalia and are extremely concerned for the safety of…
Round Table Meeting in Beijing
In connection with a recent Shipping Industry meeting in Beijing the four Chairmen of the Round Table of international shipping associations (RT) which comprises BIMCO…
Aegean - 5th Bunkering Tanker Newbuild
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Patmos, a 6,280 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China.
Misuse of ARPA Causes Close Call
The UK Marine Accident Investigation Branch (MAIB) issued the report of its investigation into the close-quarters situation that occurred between a cruise ship and…
EU - Safer Ship Dismantling
The European Commission today presented an EU strategy to make the dismantling of old ships safer for workers and the environment. Every year between 200 and 600…
Texas – Barge Hits Well Head
Coast Guard Marine Safety Unit Port Arthur has responded to a report of a tug and barge that struck an inactive production well-head in Sabine Lake during the early hours of Tuesday, Nov. 18, 2008.
American Officials Address Piracy
On Nov. 19, 2008, Pentagon Press Secretary Geoff Morrell today defended the military effort to deter piracy in the Gulf of Aden and called on commercial ships to…
New Orleans –IHNC Update
The US Coast Guard issued a Marine Safety Bulletin stating that the safety zone in the Inner Harbor Navigation Canal (IHNC) in New Orleans has been lifted. (11/19/08). (Source: Holland & Knight)
Safety Alert - Watertight Doors
The US Coast Guard issued an alert reminding owners, operators, and masters of the importance of properly maintaining and closing watertight doors. The condition…
