Maritrans Reports 3Q Results
Maritrans Inc., announced its third quarter financial results. Net income for the quarter ended September 30, 2006 was $4.0 million, or $0.33 diluted earnings per share, on revenues of $49.2 million.
AAPA Seminar be Held in Memphis
The American Association of Port Authorities—the leading alliance of public ports in the Western Hemisphere—on Nov. 14-16, 2006, in downtown Memphis, will hold its…
Reinauer Says it Has Acquired Senesco Marine
According to Providence Business News, Senesco Marine has been acquired by Reinauer Transportation Companies LLC. Terms of the deal were not disclosed. SENESCO has…
GA Reduces Trans Pacific Capacity
Following a meeting in Singapore, the CEOs of the Grand Alliance (GA) member lines engaged in the Trans Pacific trade, Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK)…
Report: Need for More Smaller Korean Yards Seen
According to Ariang News, several major Korean shipyards dominate the world shipbuilding market, but it looks like the industry could use more smaller players. Only…
Leon to Retire as Royal Caribbean Cruises CFO
Royal Caribbean Cruises Ltd. him as CFO. Leon has been the company CFO since 2003, when he joined the company. the end of 2006. operations and revenue-performance management. systems and procedures.
Ships Collide in English Bay
The Vancouver Sun reported that winds of up to almost 43 mph tore through the Lower Mainland, knocking out power to 14,000 homes and causing the collision of three large cargo ships in English Bay.
Petronas to Explore for Hydrocarbon in Timor Sea
Petroliam Nasional Bhd (Petronas) said it will be exploring for hydrocarbon with three partners in the joint petroleum development area between Timor Leste and Australia.
Vietnam Shipyard Builds Tanker for PetroVietnam
An affiliate of Vietnam shipbuilding giant Vinashin started work on the first of three 105,000 oil tankers under a contract last July with the state-run oil giant PetroVietnam.
Oil Prices Slip
According to reports, oil prices fell by three per cent Monday, slipping below $59 a barrel as traders looked ahead to U.S. supply data due out Wednesday that is…
General Dynamics Awarded $59m Contract for Sub Work
The U.S. Navy has awarded General Dynamics Electric Boat a $58.7 million contract modification for nuclear-submarine modernization and maintenance work. Electric…
Stolt-Nielsen to File Motion Against Indictment
Stolt-Nielsen SA said it plans to file motion to dismiss a grand jury indictment accusing the company of price fixing, as it intends to argue that an amnesty agreement…
STX Shipbuilding wins $373m Order from India
The STX Shipbuilding Co., South Korea's seventh-largest shipbuilder, has won a $373m order to build six petrochemical goods carriers for a shipping company in India.
Matsu Coast Guard Gets New Patrol Boat
The coast guard squad stationed on the island of Matsu has recently been equipped with a new 50-ton patrol boat. the addition of the vessel aims to boost the island's…
Matson Says its China Service is Profitable
Matson Navigation Co. Inc., the Oakland, Calif.-based maritime shipping subsidiary of Honolulu-based A&B posted 7 percent more third-quarter revenue but 7 percent lower operating profit.
TBS Buys $16.1m Ship Carrier
According to reports, TBS International Ltd., an ocean transportation services company, has acquired a bulk ship carrier for $16.1m. The handymax bulk carrier will…
Bollinger Promotes Roussel to VP
Bollinger Shipyards, Inc., Lockport, La., has promoted Cindie Roussel to Vice President of Procurement, Logistics, and Life Cycle Support for the South Louisiana-based shipbuilding and repair company.
Coast Guard Amends Anchorage Regulations for Lower Miss. River
The Coast Guard is amending anchorage regulations for the Lower Mississippi River, prohibiting vessels anchored in the Lower Kenner Bend Anchorage from using or…
Vietnam's Ship Export Value to Climb to $1.7b
According to VNA, Vietnam's Ministry of Trade estimates that the shipbuilding industry can earn $1.7b annually from ship exports by 2010. The Vietnam Ship Building…
Rising Profit Tide for Horizon
AP reported that Horizon Lines Inc. said its third-quarter profit rose, aided by a large tax benefit. For the quarter ended Sept. 24, the company reported net income of $52.9 million…
