Maritime Industry Top News
American Technology’s Enhanced LRAD 1000 Selected by Navy
American Technology Corporation (ATC) (NASDAQ: ATCO), a leading innovator of directed sound products and technologies, announced its enhanced LRAD 1000® has been selected by the U.S.
Ocean Power Technologies Gets Additional $1.9M
Ocean Power Technologies, Inc. (OPTT, OPT.L), a developer of PowerBuoy systems that generate electricity by harnessing the renewable energy of ocean waves, said…
Reefer Shipping Continues to Thrive
Despite reports stating that the specialist reefer industry continues to lose market share to the reefer container operators, cargo volumes are increasing overall…
BAE Systems Wins $19M Navy Contract
BAE Systems has won a $19m contract from the U.S. Navy’s Southwest Regional Maintenance Center to refurbish and upgrade the ARCO (ARDM-5) floating drydock so it…
CQS to Increase Investments in Offshore Rigs
London-based hedge fund firm CQS Management says it plans to double the size of its investment company that specializes in offshore oil and gas rigs. According to a report by the Financial Times…
Russian Plant Commissions Deep Probe Seismic Ship
A Russian shipbuilding plant in Komsomolsk-on-Amur has commissioned a deep probe seismic ship built on the order of the Indian Oil Corporation (IOC). The ship intended…
Aker and OSG Announce Tanker Agreement
Aker American Shipping ASA and Overseas Shipholding Group, Inc. (OSG) announced today that they have signed an agreement pursuant to which Aker Philadelphia Shipyard…
Old Navy Yard Revitalization Begins
Forest City Washington broke ground recently on The Yards, a 42-acre redevelopment on property that used be part of the Washington Navy Yard. The area, formerly called Southeast Federal Center…
Advanced X-ray Imaging System Unveiled
The US Customs and Border Protection (CBP) issued a news release stating that an advanced x-ray imaging system for examining cargo containers has been unveiled in the Port of Charleston.
BHP Billiton Acquires Exploration and Production Rights
BHP Billiton announced that it has acquired an interest in 14 exploration and production licenses offshore the Falkland Islands in the South Atlantic. The Company…
ENSCO International Finalizes Contract
Dallas, Texas-based ENSCO International Inc. reported one of its subsidiaries has entered into a definitive drilling contract for the ENSCO 8502, an ultra-deepwater semisubmersible rig…
Superior Energy Opens Office in Singapore
Harvey, La.-based Superior Energy Services Inc. announced it has opened an office in Singapore to serve as a base of operations for the company’s marine and rental division.
This Day in Navy History
October 4, 1821 - LT Robert F. Stockton sails from Boston for Africa to carry out his orders to help stop the international slave trade. 1944 - Aircraft from USS…
Crowley's Green Initiatives Garner Attention
Crowley Maritime Corporation's continued focus on environmental preservation and protection was recently recognized by the Chamber of Shipping of America (CSA) in Washington…
Noble Denton Opens New UK Office
Offshore and marine consulting firm Noble Denton Group has expanded its UK presence with the opening of a new office in Newcastle-upon-Tyne. The move is part of…
Stannard Joins Rigdon
Offshore industry veteran James (Jim) Stannard has joined Rigdon Marine as Director, Sales and Marketing. Stannard joined the offshore vessel support industry in…
Kongsberg Maritime Expands Norway Trading Facilities
Kongsberg Maritime opened the doors to its new training facility at its Bekkajordet, Horten, Norway site on August 30, 2007. The facility features two new classrooms and one specialized training room…
Teekay Offshore Raises Distribution; Completes FSO Acquisition
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE: TOO) announced that its general partner has increased its quarterly cash distribution by $0.035 per unit…
Palmali Moves, Invests in Tankers Construction
Palmali announced that the company plans to move its office from Malta to Istanbul in 2008. The Company also announced plans to invest $1.3b in the construction of oil tankers…
Credit Suisse Loans up to $1B to Vinashin
Vietnam's largest shipbuilder gets more money from Credit Suisse to help fund its growing business. Credit Suisse has signed a memorandum of understanding (MOU)…
