Maritime Industry Top News
Bechtel Gets Contract
Bechtel Plant Machinery Inc., Schenectady, N.Y., is being awarded a $152,801,668 cost-plus-fixed-fee contract for Naval nuclear propulsion components. Work will be performed in Pittsburgh…
Drilling Contract for Leiv Eiriksson
Ocean Rig ASA announced that it has executed a drilling contract with an affiliate of ExxonMobil Corporation for drilling services with the company's semi-submersible drilling rig Leiv Eiriksson.
GlobalSantaFe's Worldwide SCORE
Houston-based international offshore drilling contractor GlobalSantaFe reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics…
Kvaerner Makes Preliminary Agreement
Kvaerner reaches preliminary agreement with Canyon Ranch to build two luxury cruise ships, worth $397 million. Kvaerner, announced that it has signed a Memorandum…
FBM Babcock Marine Gets Order
FBM Babcock Marine has been awarded an order for six 86-ft. aircrew training vessels by SMIT International (Scotland) Ltd. The order follows the U.K. MOD award of…
DOT Offers Insurance For Commercial Ship Owners
Maritime Administrator William G. Schubert today announced that the Maritime Administration (MARAD) is now accepting applications for war risk insurance to cover…
Operations Halt on West Navion
In connection with minor repair work the derrick of the drillship, West Navion, it has been uncovered cracks in the wire sheaves in the hoisting system of the dual derrick set (Ram Rig).
Saab TransponderTech Wins Order For AIS
Saab TransponderTech, Solna Sweden has been awarded a contract for supplying AIS transponders to Port of Oslo. The seven ship born systems meet the international…
Northrop Names Leukhardt CFO for NN
Northrop Grumman Corporation's Newport News sector announced the appointment of Linda Leukhardt as sector vice president of business management and chief financial officer.
Northrop Completes Merger With NNS
Northrop Grumman Corporation announced that it has completed the acquisition of the shares of Newport News Shipbuilding Inc. common stock not previously purchased…
Stolt-Nielsen Announce Cost Reduction Program
Stolt-Nielsen Transportation Group Ltd. (SNTG), a wholly owned subsidiary of Stolt-Nielsen S.A. announced a cost reduction program for its business operations…
Southwest Marine Gets Contract
Southwest Marine Inc., of San Diego, Calif., is being awarded a $7,006,087 modification to a previously awarded cost-plus-award-fee contract to exercise an option…
Raytheon Awarded Contract
Raytheon Systems Co., Defense Systems Segment, Naval & Maritime Systems, Sudbury, Mass., is being awarded a $9,727,011 modification to a previously awarded firm…
Algeria Confirms Ferry Order
Algerian state-owned shipowner ENTMV (Enterprise Nationale de Transports Maritimes de Voyageurs) has placed an order with IZAR to build two ro-ro passenger ferries.
V.Ships Acquire AMA
V.Ships announces they have acquired the services of Associated Marine Adjusters Ltd., (AMA) Piraeus in a deal which increases the group's involvement in average…
Nichol's Bros. Will Build American West Steamboat
Henry Hillman, Jr., president of American West Steamboat in Seattle, announced early in December that Nichols Brothers Boat Builders, Inc., had been selected to build the “Empress of the North…
First Wave Emerges from Chapter 11
In a development which could be seen as a positive one for the business of building boats in the U.S., First Wave Marine, Inc. said that its Plan of Reorganization was confirmed by the U.S.
NAVSAC Meets in San Diego
The Coast Guard's Navigation Safety Advisory Council (NAVSAC) met in San Diego, Calif., on December 10-12, 2001. The agenda included a discussion of the National…
USCG Outlines Draft IMO Security Proposal
At a public meeting on January 3, the Coast Guard unveiled the security initiatives it plans to propose at an upcoming special session of the International Maritime…
International Shipholding Reports Fourth Quarter Results
International Shipholding Corporation reported results for the year and quarter ended December 31, 2001. Net loss for the fourth quarter was $1.5 million as compared to net income of $775…
