Maritime Industry Top News
Dock Starts 170-Day Journey
On July 2 the ex-Portland Dock # 4, now the Grand Bahama Shipyard Dock # 2, departed Portland,Ore., bound for it's new home at the Grand Bahama Shipyard Ltd. in Freeport, Grand Bahama.
Russians Take Journalist To Kursk Site
Nearly a year after the Kursk submarine sank in the Barents Sea with the loss of all on board, Russia packed 99 journalists onto a ship and took them to the site of the catastrophe.
Newport News Announces Good 2Q Results
Newport News Shipbuilding Inc. reported a 16 percent increase in second-quarter operating profits on strength in its construction segment. The company, which is…
Three Vie To Buy Shipyard
Greece received three bids for the sale of a majority stake in Hellenic (Skaramanga) Shipyards, one of 10 privatizations the development ministry has planned for 2001.
Panamax Rates Leap
Limited availability of spot Panamax tonnage in the Pacific is driving freight rates higher and partially offsetting heavy losses seen on Atlantic routes, shipbrokers said.
Shipyard Accident Kills 22
At least 22 people were crushed to death when a huge, brand-new crane toppled over in a Shanghai shipyard, the latest in a string of deadly accidents that highlight China's woeful safety standards.
Chiles Offshore Announces 2Q Results
For the quarter ended June 30, 2001, Chiles Offshore Inc. reported net income of $5.0 million or $0.28 per basic share compared to net income of $3.3 million, or $0.42 per basic share…
Study Culminates In New Tug Contracts
Following a detailed six-month study assessing its contract towing requirements, Trailer Bridge, Inc. signed separate long-term agreements that match the best marine…
Bollinger Delivers Bordelon Boat
Bollinger Shipyards, Inc., Lockport, La., has delivered the 145-ft. supply/utility boat WES BORDELON to Bordelon Marine, Inc. It is the first of three nearly identical…
Amclyde Wins Contracts
FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts in excess of $13.5 million with customers in Freeport…
Washburn & Doughty Win Contract
Washburn & Doughty Associates, Inc. of East Boothbay, Maine signed a contract to design and build a 72 x 20 x 10.5 ft/ Offshore Motor Vessel (Hull 76) for Hempstead Navigation Service LLC.
Senate Supports Reduced Drilling Off Florida's Gulf Coast
The Senate on Thursday backed a White House compromise that drastically reduced proposed oil and natural gas drilling off Florida's Gulf Coast, rejecting a bid by…
Offshore Stocks Take A Tumble
Drilling and oilfield service stocks fell sharply on Thursday after offshore driller Rowan Cos. Inc. said the business outlook for the third quarter of this year was uncertain.
Despite Crunch on Funds, U.S. Navy Sticks To Building Plan
The top U.S. Navy officer said Thursday he would recommend the service stick to its plan to build a multi-billion-dollar class of new destroyers despite a crunch on funds for new warships.
Celebrity Cruises Receives Lloyd's Register Certification For Quality Systems
Celebrity Cruises became the first cruise line to receive the International Standards Organization (ISO) 9002 certificate from Lloyd's Register for the cruise line's…
Alstom Posts 19 Percent Gain In Sales
French turbines to trains group Alstom posted a 19 percent rise in sales to 6.05 billion euros in its first quarter to June, boosted by the full consolidation of…
GN Store Nord Sells Off Last of Maritime Communications Unit
Danish diversified technology firm GN Store Nord said on Friday it had sold the remainder of its GN Comtext maritime sector communications unit to U.S.-based EasyLink Corp. for an undisclosed sum.
North Sea Tanker Market Leads Boom
Tanker markets around the world soared this week, led by the North Sea market where rates swelled by nearly a third as supply dried up for end-month loading dates.
ADSB Signs Strategic Agreement With Halmatic
Abu Dhabi Ship Building (ADSB) has formed a strategic agreement with Halmatic Ltd., U.K. According to ADSB's managing director, Lawrence Holliday, the agreement…
Alfa-Laval Establishes Presence Onboard World's Largest Liner
Swedish engineering company Alfa-Laval, which is known for its heat transfer and fluid handling will ensure that Cunard's Queen Mary 2 will be self-sufficient of…
