VT Stays on Track
VT Group, the support services and shipbuilding company, said it remains on course to deliver results for the first half of the year in line with its expectations.
Aker Build Two for Maersk
Maersk AS has announced that they will exercise the option with Aker Yards to build another two Anchor Handling Tug Supply Vessels (AHTS). The two vessels will be…
Arroyo Inspects Shipbuilding Facility
Philippine President Gloria Macapagal-Arroyo inspected the ongoing construction in Subic Bay, Zambales of the biggest shipbuilding facility in Asia. The President…
TOP Tankers Announces Sale of the M/T Taintless
TOP Tankers Inc announced the sale of Taintless, a 46,217 Dwt, double-hull Handymax tanker built in 1999. quarter of 2006. within the next 60 days.
Navy Awards General Dynamics $62m Contract Modification
The U.S. nuclear-powered attack submarines. subsidiary of General Dynamics (NYSE: GD). periods. Work will be performed in Groton, Conn. (94 percent); Quonset, R.I. percent); and Newport, R.I.
GE to Provide Diesel Engines for PSVs
GE Transportation’s marine business announced it will supply IML Motori S.p.A., Lomagna, Italy, with four medium-speed diesel engines. GE reported today at the SMM…
Coast Guard Issues Notice
The US Coast Guard issued a notice stating that it has drafted revised guidelines on medical and physical examinations for merchant mariner credentials. Comments…
Insurer Entitled to Lien for Value of Insurance Provided
The U.S. Court of Appeals for the Eleventh Circuit ruled that an insurer that provides marine insurance for a vessel is entitled to a maritime lien for the value of the insurance provided.
Wärtsilä to Power Project Genesis
Wärtsilä Corporation received a contract from Aker Yards Oy, Finland, in July 2006 for the delivery of the main engines and the transverse tunnel thrusters for the 220…
IMO Commemorates World Maritime Day
Today marks the 29th celebration of World Maritime Day, the annual occasion when the International Maritime Organization (IMO) leads the world in honouring shipping.
CCG-USCG Summit to be Held
The US Coast Guard said that the second annual Canada-U.S. Coast Guard summit is being held in Halifax, Nova Scotia. The summit, attended by Canadian Coast Guard…
Eimskip, Containerships and Kursiu Linija form Joint Venture
Shipping and logistics company Eimskip, Lithuania's Kursiu Linija and Finnish shipping and container company Container Finance Ltd have joined forces to create a door-to-door logistics providers.
Stennis Security Completes Force Protection Exercise
Sailors from USS John C. Stennis’ Strike Group (CVN 74) completed their Force Protection Exercise (FPEX) while in port in San Diego, Sept. 20. The exercise was designed…
Kuwait to Build New Crude Oil Tankers
The Kuwait Oil Tanker Company (KOTC) plans to build four new crude oil tankers with a total capacity of 1.2 million tons, Kuwait News Agency (TUNA) reported on Wednesday.
Frontline to Sell Vessel for $141.5m
Frontline Ltd. said on Tuesday it agreed to sell the vessel VLCC Front Beijing for gross sale proceeds of $141.5 million. Frontline said the transaction will generate…
Cleveland Waterways Management Conference
The US Coast Guard stated that it and the Great Lakes Regional Waterways Management Forum will sponsor a waterways management conference in Cleveland on September 27 and 28.
House OKs $70b in funding
With Iraq alone costing about $8 billion a month, another infusion of funds will be needed next spring. Opinion polls show the war continues to be unpopular with voters…
New Drydock for PR
San Juan Towing & Marine Services announces the upcoming arrival of the floating dry dock PERSEVERANCE which has been purchased for service in Puerto Rico. Puerto…
Halifax Shipyard to Build Cruise Ships
The CBC has reported that Halifax Shipyard has signed contracts to build two luxury cruise ships for Pearl Seas Cruises, a Connecticut-based company. The value of the deal…
Ultrapetrol Files for $175m IPO
According to the AP, shipping company Ultrapetrol (Bahamas) Ltd. plans to offer 12.5m shares at $13 to $15 each in a bid to raise about $175 million in its initial public offering.
