UK Ferries Among Least Safe In Europe, Survey Finds
A safety survey has found that three of the four worst performing ferries in Europe sail from British ports. The survey of 26 ferries by European motoring organizations…
Litton Awarded $477.7M Contract
Litton Avondale Industries, a division of Litton Industries, has been awarded a $477.7 million contract by the U.S. Navy for the construction of an additional ship…
Litton Reports Good 3Q Results
Litton Industries, after seeing its shares drop more than 60 percent over the past 12 months (see chart, page 2), caught in a bearish defense industry down draft…
Litton Awarded $477.7M Contract
Litton Avondale Industries, a division of Litton Industries, has been awarded a $477.7 million contract by the U.S. Navy for the construction of an additional ship…
Litton Reports FY2000 Third Quarter Results
Litton Industries, Inc. recently reported results for the third fiscal quarter ended April 30, 2000. Diluted earnings per share rose 23% to $1.35 for the third quarter…
Friede Goldman Halter sells vessel repair unit
Friede Goldman Halter Inc., which provides support for the offshore oil industry, announced it has agreed to sell its vessel repair unit to Bollinger Shipyards Inc. for $80 million.
BP Amoco Shipping and BIMCO Develop a New Tank Charterparty
Last week it was announced that BP Amoco Shipping and BIMCO had developed a new charterparty, as the BIMCO Documentary Committee gave its approval to a new standard tank time charterparty…
Litton Awarded $41.7M Navy Contract
The U.S. Navy awarded Litton Ingalls Shipbuilding a $41.7 million cost-plus-award-fee contract, under which Ingalls will continue to provide engineering and planning…
Premier's S.S. OceanBreeze Sold To Imperial
Imperial Majesty Cruise Line purchased the S.S. OceanBreeze from Premier Cruise Lines, said President Arthur M. Pollack. The total value of the deal, including the…
NY/NJ Close To Resolving Port Budget
New York and New Jersey are close to reaching an agreement that would break a 17-month deadlock over a port lease that has paralyzed the Port Authority of New York and New Jersey…
Russian Naval Base Uses Nuclear Subs For Electricity
Frequent power cuts on the remote Kamchatka peninsula have forced Russia's military to fire up reactors on nuclear submarines to provide electricity to bases there, an admiral said.
