Horizon Offshore Completes Refinancing
Horizon Offshore, Inc. has entered into a $77.4 million secured term facility agented by The CIT Group/Equipment Financing, Inc. The credit facility has a five year…
TOP Tankers Sells 13 Vessels
Crude oil shipper TOP Tankers Inc. said it has sold 13 vessels for $550 million -- which will be immediately leased back under five- to seven-year contracts -- and declared a special $5 dividend.
After Crash, Ferry Service Restored
Red Funnel's East Cowes - Southampton service was back to normal on March 14, after its Red Falcon car ferry crashed into the mainland dock on March 10, injuring nine people.
Condor Ferries, Active Hotels Sign Deal
Condor Ferries has signed a partnership deal with Active Hotels as part of its new Condor Xtras service. Its Stopover Hotels booking service is now powered by Active Hotels…
Dutch Pledge $8.5M to Aceh
The Netherlands has pledged $8.5 million in grants to develop a strategy for sea defense and flood protection and an early-warning system in the tsunami-ravaged areas of Aceh and Nias.
Solstad Offshore Announces Charter Agreement
Solstad Offshore ASA has entered into an agreement with Subsea 7 for the hire of a large construction service vessel currently under construction at Ulstein Verft AS.
MarAd Issues Notice on FEIS
The Maritime Administration (MARAD) issued a Notice stating that the final environmental impact statement (FEIS) for the proposed Main Pass Energy Hub deepwater…
Theodore Roosevelt Returns From Deployment
Thousands of friends and family members gathered at Naval Station Norfolk for the return of USS Theodore Roosevelt (CVN 71), March 11, following a six-month deployment…
USA PATRIOT Act Extension Signed
The White House issued a News Release stating that President Bush signed into law the USA PATRIOT Improvement and Reauthorization Act of 2005 (H.R. 3199). Among other things…
HAL Noordam Powered by GE LM2500 Gas Turbine
Marine announced that Holland America Line’s (HAL) Noordam cruise ship recently began operating powered by one LM2500 gas turbine-generator set in a COmbined Diesel…
USN and USCG Release National Fleet Policy
The US Navy and the US Coast Guard released the National Fleet Policy. The joint policy is intended to synchronize research and development, planning, fiscal stewardship…
Ferries Consider Sprinkler after Fire
Maritime industry regulators plan to require inter-island passenger vessels to install automated firefighting equipment to help fight fires at sea like the one that struck the SuperFerry 12 last week.
Cargo Ships Collide
A cargo vessel carrying about 17,000 bags of rice and 22 people sank off the Cebu Harbor on March 11 after colliding with another vessel, the Philippine Coast Guard said.
Ferry Proposal Draws Support, Questions
A proposal for high-speed ferry service linking southwest Connecticut and Manhattan is gaining support and financial backing, but also raising concerns about whether enough passengers would use it.
ONGC Seeks to Sell Crude Oil at Market Rate
Oil and Natural Gas Corporation has sought permission from the government to end the discount it offers on crude oil from its offshore assets to domestic state-run refiners.
China Seek to Become Largest Shipbuilder
The current flourishing world ship market has brought opportunities for China to strive to be the biggest shipbuilder with a sharp competitive edge in technological…
APL Panama Finally Freed
The APL Panama finally broke free from the sandy beach where it ran aground Christmas Day. It was 4:40 a.m. when the 874-foot container ship returned to the sea.
$1B Sought for Port Security
Sen. Robert Menendez, D-N.J., called on Congress on March 10 to fund technology that would scan 100 percent of the cargo containers entering America. Menendez wants…
Sub Seized in Drug Bust
The Colombian navy has seized a 60-foot long submarine that likely was used to haul tons of cocaine out to sea for shipment to the United States. No drugs were found…
House Panel Postpones Homeland Security Bill Discussion
Republicans on the House Homeland Security Committee have postponed work on the fiscal 2007 Homeland Security Department authorization bill, prompting heated criticism…
