STX Europe Refinances Credit Facility
STX Europe has refinanced its revolving credit facility. The new facility is a 3 year financing of $86.8m, provided by Nordea. Woori Bank of Korea, is participating with 50 percent.
Evergreen Suspends Tango Service
Based on the worldwide economic downturn and the need to focus resources in other trades, Evergreen Line has announced its withdrawal from the Tango service linkingā¦
Exmar, Excelerate Alliance for FLSO Solution
Exmar announced the formation of an alliance to advance its efforts in the development of floating liquefaction solutions. Exmar has formalized a relationship with its long-time LNG partnerā¦
TSA ā TWIC update
The Transportation Security Administration (TSA) issued an update to its status report on the implementation of the Transportation Worker Identification Credential (TWIC) program.
New York ā No Discharge Zones
The Environmental Protection Agency (EPA) issued a notice stating that it has determined that adequate facilities for the safe and sanitary removal and treatmentā¦
NAVSAC ā Meeting
The Navigation Safety Advisory Committee (NAVSAC), sponsored by the US Coast Guard, will meet in Washington, DC on December 10-11. Topics on the agenda include e-navigation requirementsā¦
New Simulation Capability - MAMA
Mid-Atlantic Maritime Academy in Virginia Beach, VA announced the installation of a Transas ERS4000 Engine Room Simulator. The simulator provides is a complete trainingā¦
New Time Charters for ONAV
Omega Navigation Enterprises, Inc. (NASDAQ:ONAV, SGX:ONAV50), a provider of global marine transportation services focusing on product tankers, announced that anā¦
ACL 3Q Results
American Commercial Lines Inc. (Nasdaq: ACLI) ("ACL" or the "Company") announced results for the three and nine months ended September 30, 2008. Revenues for the quarter were $313.7 millionā¦
JSAT Mobile Venture for Japanese Market
Stratos Global Corporation (Stratos) announced that Furono Electric Co., Ltd. (Furuno) and Japan Radio Co., Ltd. (JRC) and have become shareholders in JSAT Mobil Communications Inc. (JSAT Mobile).
Odfjell ā Sale & Leaseback of Ship
On Nov. 6, Odfjell sold MT Bow Sky with a net gain of $32m. Odfjell has been working on ways of strengthening their equity since the Norwegian retroactive tax was imposed last year.
Hornbeck 3Q Results
ā¢ Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the third quarter ended September 30, 2008. Third quarter 2008 revenues increased 15.2% toā¦
This Day in Naval History ā Nov. 7
1861 - Naval forces under Rear Admiral Samuel F. DuPont capture Port Royal Sound, SC. 1881 - Naval Advisory Board submits report recommending the new ships in U.S.
OMSA - Jones Act Compliance Manager
The national trade association that is the voice for the U.S. flag workboat industry has taken the unusual step of hiring an experienced investigator to collectā¦
USS Freedom In Milwaukee
Nov. 4, 2008, The USS Freedom (LCS 1) berths in Milwaukee harbor preparing for her commissioning on Nov. 8. The USS Freedom (LCS 1) is the first of two littoral combat ships being produced for the Navy. Freedom is an innovative combatant designed to operate quickly in shallow water environments to counter challenging threats in coastal regions, specifically mines, submarines and fast surface craft. U.S. Navy photo by John Sheppard.
New Navy Contracts
Hawaiian Dredging Construction Co., Inc., Honolulu, Hawaii, is being awarded $7,385,000 for firm-fixed-price task order #0009 under a previously awarded multipleā¦
Wesmar - Pacific Marine Expo
Wesmar will reveal their line of sonar and mechanical products at the Pacific Marine Expo in Seattle, November 20-22. This year in booth #935, Wesmar will be introducing the new HD850 Fishing Sonar.
Drilling Company Selects AMOS
Vantage Drilling, a company organized under the laws of the Cayman Islands, has chosen both the AMOS Business Suite for Maintenance and Purchasing and the AMOS2ā¦
Mariners Receive Navy League Awards
Two Military Sealift Command civil service mariners - Boatswain Khalid Muhammad and 1st Assistant Engineer Theodore "Scotty" Robinson - were among 18 military and civilian members of the U.S.
TOC Americas 2008 Adds Speakers
TOC Events Worldwide announced the addition of more industry executives as speakers at the upcoming 8th TOC Americas Conference and Exhibition, taking place Novemberā¦
