Vessel Runs Aground, Pulled Free
A 590-ft. cargo ship that ran aground has been pulled to deeper water and is being held offshore of Port Canaveral until it is safe to enter port. The Shenandoah Highway…
USCG Awards Response Boat-Medium Contract
The U.S. Coast Guard announced the award of the Response Boat-Medium production contract valued at approximately $600 million to Marinette Marine Corporation of Marinette, Wis.
Fuel Prices Drive Ferry Fares Up
Rising fuel costs may mean another fare hike for ferry riders. The Washington State Transportation Commission last week directed the ferry system to cover a $10…
Chinese Officials Observe U.S. Navy Exercise
After Chinese military officials observed a large-scale U.S. exercise, several of their American counterparts — on both sea and land — expressed interest in China returning the favor…
Government, Oil Majors Discuss Royalties
While some companies, such as Exxon Mobil, reportedly believe the lease contracts should be honored, others, including Shell, reportedly are open to a dialogue on the matter.
Coast Guard Responds to Freighter Taking on Water
Coast Guard rescue crews are on scene and assisting with the dewatering process of a 184-foot freight ship that was reported to be taking on water at 11:40 p.m.
Eagle Bulk Shipping Acquires 3 Ships
carriers for $105 million. charter at a rate of $18,750 per day. time charter at a rate of $19,000 per day. $18,500 per day. from the Company's $330 million revolving credit facility.
Horizon Offshore Prices Shares for Public Offering
Horizon Offshore, Inc. announced the pricing on June 22, 2006 of its public offering of 8,500,000 shares of the company's common stock at $20.53 per share. Company's recapitalization.
Aker Yards Enters Chem Tanker Market
Aker Yards signed an agreement with Kleven Maritime to acquire Kleven Florø AS, and Kleven Design AS. Both entities are located in Florø, Norway. The acquisition…
First Member State Sudits Under IMO Scheme
Chile and Denmark have become the first two IMO States to cement formally their participation in the Voluntary IMO Member State Audit Scheme. A major milestone in…
Carnival, International Paint Strike Deal
International Paint LLC, an Akzo Nobel company, announced a long-term agreement with Miami-based Carnival Cruise Lines to supply the company’s fleet with Intersleek 700 foul release coating system.
New Palmali Vessel to be Launched
On June 24 the final sixth vessel of Heydar Aliyev type built with the request of Palmali Company by Russian shipbuilding plant in Volgograd will be launched into the water…
Coast Guard Appoints Lantz to Standards Post
Adm. Thad W. Allen, commandant of the U.S. Coast Guard, announced the appointment of Jeffrey G. Lantz as the Coast Guard's director of national and international standards.
Union Fights Aker Over Foreign Parts
The Philadelphia Inquirer has reported that the Department of Homeland Security has rejected an AFL-CIO complaint about use of foreign-made parts at the Philadelphia shipyard…
MarAd Approves Vessel Sale and Transfer
The Maritime Administration (MarAd) has approved a vessel sale and transfer under section 9 of the Shipping Act, of 1916, as amended. MarAd has given approval to Dewey Seymore & Associates…
Cargo Ship Sinks off Somalia
A cargo ship carrying tons of coal sank off the coast of Somalia, and a rescue mission was under way to save the crew, said officials on Thursday. Andrew Mwangura…
Moore Stephens: Insurance Industry Should Tighten Loopholes
Moore Stephens have warned companies engaged in the insurance industry that they must put in place formal, anti-fraud structures, or risk being targeted both externally and internally.
Transocean Awarded Contracts for Drillship and Semisubmersible Rig
Transocean Awarded Contracts for Drillship and Semisubmersible Rig Transocean Inc. announced that Hydro has awarded the company a drilling contract for the construction…
Maritime Exercise Held in China
China's largest ever maritime search-and-rescue exercise, involving 400 people, 28 fleets, two helicopters and an aircraft, was carried out on Thursday in the waters near Dalian Port…
Navy to Christen USNS Sacagawea
The Navy will christen USNS Sacagawea (T-AKE 2), the newest ship in the Lewis and Clark class of underway replenishment ships, June 24 during a launching at National Steel and Shipbuilding Company…
