Overseas Shipholding Group Reports Record First Half Results
Overseas Shipholding Group, Inc. reported $86 million of net income for the first six months of 2003, the highest earnings during the first six months of any year in the Company's history.
Radix Marine to Acquire Patrol Craft Prototype
Radix Marine, Inc, a marine vessel development company specializing in homeland defense initiatives, announced today that it has entered into an agreement to acquireā¦
Coastal Marine to Supply for X-Craft
Coastal Marine Equipment, Inc. of Stennis Space Center, Miss. there. 1,080ft of 1-5/8in diameter wire rope. 212,000lbs brake holding. through deck, electrically driven capstans developing 11ā¦
Southwest Marine Gets $7.6M Contract
United Defense Industries has been awarded a $7.6 million cost-plus-award-fee contract by NAVSEA Washington, D.C., to its Southwest Marine (SWM) shipyard here forā¦
Korean Shipbuilder IPO Set
STX Shipbuilding Co. had its plans for an initial public offerings (IPO) approved by the Korean Stock Exchange, according to wire reports. STX Shipbuilding has assetsā¦
USS Anzio: Showcase for New Technology
The guided missile cruiser USS Anzio (CG 68) continues to be a Fleet showcase for engineering improvements developed by the Naval Sea Systems Command (NAVSEA). During the last 15 monthsā¦
Navy Evaluates Display Technology
The Program Executive Officer for Integrated Warfare Systems (PEO IWS), Rear Adm. Tom Bush, hosted an industry day on August 7 to brief interested manufacturersā¦
JFK Comes to Life
USS John F. Kennedy (CV 67) reached a benchmark in its maintenance project Aug. 4, as the carrier's combat systems department resurrected Kennedy's pulse. For the first time in eight monthsā¦
USS Constellation Retires After 42 Years
'America's Flagship', USS Constellation (CV 64) was decommissioned Aug. 6 after 41 years, nine months and 11 days of naval service in a ceremony at Naval Air Station North Island.
Telenor Signs PGS Geophysical for 2 Years
Telenor Satellite Services announced that PGS Geophysical of Norway has renewed its global satellite communications agreement with Telenor through June 2005. Telenorā¦
Maritrans Announces Insider Block Trade
Maritrans Inc. today announced the sale of securities by insiders in a block trade. Maritrans' Chairman, Stephen A. Van Dyck, and Secretary, Janice M. Van Dyck, sold a combined 81ā¦
EIA: Short-Term Energy Outlook
Average crude oil prices for July were little changed from June. The West Texas Intermediate (WTI) spot average for July was $30.75 per barrel compared to $30.66 in June.
NASSCO Books $30M Deal
National Steel and Shipbuilding Company (NASSCO), a wholly owned subsidiary of General Dynamics, received a contract from the U.S. Navy for the continuous maintenanceā¦
Los Angeles Board of Harbor Commissioners Re-Elect President
Nicholas Tonsich and Elwood Lui were reelected as president and vice president, respectively, of the Los Angeles Board of Harbor Commissioners during the annualā¦
MARAD Publishes Notice on Small Passenger Vessel Waiver Program
The Maritime Administration (MARAD) has published a notice in the Federal Register inviting public comments on two separate waiver applications under MARAD's Small Passenger Vessel Waiver Program.
Celebrity Files $300M Suit Against Rolls Royce, Alstom Power Conversion
Celebrity Cruises filed a $300 million lawsuit today against Rolls Royce and Alstom Power Conversion, co-producers of a ship pod- propulsion system, to recover lostā¦
Transocean Deepwater Drillship Gets 3-Year Contract
Transocean Inc. has announced that the deepwater drillship Discoverer Seven Seas has been awarded a three-year contract from Oil and Natural Gas Corporation Ltd. (ONGC) of India.
Secretary Ridge Presents Bronze Star to Coast Guardsman
Secretary of Homeland Security Tom Ridge honored Lt. Christopher Barrows at a ceremony on August 6 for his actions during Operation Iraqi Freedom. "Lt. Barrows andā¦
Senesco Wins NY Ferry Terminal Contract
While building 80,000-barrell, double-hulled liquid fuel barges, Senesco Marine is also working on a piece of a major construction project in New York City. Theā¦
FCC Revises Maritime Communications Rules
The Federal Communications Commission (FCC) has consolidated, revised, and streamlined its rules governing maritime communications. These changes are intended toā¦
