FY 2008 $4.8b Budget Request is Highest Level of Funding for USACE
Although it represents a decrease from the FY 2007 spending level President Bush’s FY 2008 proposed budget nonetheless requests the highest level of funding ever…
Diana Shipping Announces New Capesize Vessel Acquisition
Diana Shipping Inc. has signed a Memorandum of Agreement with an unaffiliated third party for the purchase of a Capesize dry bulk carrier of approximately 175,000 dwt…
USCG To Hold Final Public Hearing on Tug Valour
The Coast Guard will hold the final public hearing for the investigation into the January 2006 sinking of the tug Valour, which claimed the lives of three crew members.
MarAd Maintenance & Repair Reimbursement Pilot Program
The U.S. Maritime Administration (MarAd) is amending its regulations relating to the maintenance and repair reimbursement program for ships enrolled in the Maritime Security Program (MSP).
Initial Cleanup Completed on NS Savannah
A historic nuclear-powered ship that probably attracted more barnacles than tourists while serving as a floating museum off Mount Pleasant has completed the first leg of its rehabilitation.
India Intends To Become Significant Maritime Player
India’s defense minister declared the country’s intention to be able to project maritime force throughout the Indian Ocean, underscoring the shift toward a littoral-warfare capability.
Double Hull Tankers Announce 4Q Results
Double Hull Tankers, Inc. announced that it plans to release its fourth quarter 2006 earnings on Friday February 9 prior to market open, and will host a conference call at 09:00 a.m.
PLL to regasify LNG at Dahej
Maharashtra said the LNG pipeline for supplying gas to the beleaguered Ratnagiri power plant would be completed by April this year. Petronet LNG (PLL) has been given…
Thoughts on Global 1,000-Ship Navy
The success of a global “1,000-ship navy” will hinge on a broader partnership with U.S. allies and trading partners and a commitment to building the Navy’s future…
Cruise Industry Set to Increase Jobs in Europe
The growing popularity of cruise vacations and European shipyards’ dominance of global cruise ship orders is set to have a major impact on jobs, wealth creation and inbound tourism in Europe…
MAN Diesel Renews Low-Speed Cooperations
MAN Diesel has renewed its low-speed license agreements with its Chinese partners. Furthermore the company, which forms the Diesel engine division of the MAN Group…
