FBMA Babcock Secures TriCat Order
FBMA Babcock Marine has agreed with ferry operator Dae A Express Shipping Co. of Pohang, South Korea, for the construction of a 171 ft. (52 m) TriCat fast passenger ferry.
Tribon Solutions Signs Contract With Daewoo Heavy Industries
Tribon Solutions has signed a $ 4.5 million, 3-year contract with Daewoo Heavy Industries to supply and implement the Next Generation of the current Tribon M1 product on Windows NT.
AMCV Secures Financing For Delta Queen Coastal Vessels
American Classic Voyages (AMCV) has issued $76.4 million of bonds guaranteed by the Maritime Administration of the U.S. Department of Transportation (MarAd). The…
RCL Profits Up 18.5%
Royal Caribbean Cruises Ltd. reported an 18.5 percent leap in third quarter profits to a record and said that industry fundamentals were strong despite competitive pricing.
LOOP Crude Deliveries Hold Steady
Crude deliveries to Louisiana Offshore Oil Port (LOOP), the only deep-water U.S. oil port and a major conduit for the country's crude oil imports, will hold steady at stronger levels in November.
Scandlines Ferry Deal Could Drop In November
The Danish and German governments plan to sell the joint-owned Scandlines ferry line and companies from Sweden, Denmark and Germany had expressed an interest in buying the firm.
Europe to Africa Route On Table
Hydro Air, a South African company, is mulling the possibility of launching a sea-air service between Europe and Africa in the longer term. Hydro Air, will launch…
U.S. Ports Endorse Ballast Water Legislation
In response to the growing trend of state laws regulating ballast water discharges from ships, U.S. ports plan to develop a legislative proposal that would: 1) establish…
Government Subpoenas Carnival Environmental Records
Carnival Corp. has received a federal grand jury subpoena asking the cruise line operator to produce documents and records concerning environmental matters, according to a regulatory filing.
P&O Reported To Take Over New York Container Terminal
British shipping giant P&O is poised to take over operations at New York's largest container terminal, the Sunday Telegraph newspaper reported. It said P&O would…
Chevron To Buy Texaco In $35B Deal
Chevron Corp., the second-largest U.S. oil company, has agreed to buy third-ranked Texaco Inc. in a $35 billion stock deal that will form an energy powerhouse, sources…
Oil Goes Higher As Mid East Tension Mounts
U.S. oil markets stayed on high alert Friday as traders watched for signs of further escalation in the Middle East's political crisis and of possible impact on tight oil supplies.
Tanker Captain Bail Set At $500K
A U.S. judge set $500,000 bail for a Greek tanker captain charged with falsifying documents and lying to U.S. Coast Guard inspectors after his ship was found in…
Avondale To Build Fourth DH Tanker
Litton Industries Inc. said Polar Tankers Inc. has exercised an option for a fourth double-hull crude oil carrier, valued at $197 million, to ship Alaskan crude oil.
Vosper Thornycroft To Move Shipbuilding Work
Vosper Thornycroft Holdings Plc hopes to move its shipbuilding operations to Portsmouth from Southampton, including its work on the Royal Navy's new destroyer. The…
Better Late Than Never?
In what has become the norm rather than the exception, another cruise ship will be delivered late, forcing the shipowner to cancel valuable inaugural cruises. After…
World LNG Trade To Grow Steadily
World trade in Liquefied Natural Gas (LNG) will grow at an annual rate of seven to eight percent over the next 10 years, a senior BP Amoco Plc executive said last week.
Four Dead After U.S. Navy Ship Hit With Explosives
An explosives-laden rubber raft rammed a U.S. guided missile destroyer and exploded in the Yemeni port of Aden on Thursday, killing four U.S. sailors and injuring 36, five seriously, Reuters reported.
Tanker Captain Charged In San Francisco
The captain of an oil tanker that arrived in the San Francisco Bay with safety violations, including risky oil leaks, was charged on with falsifying documents and lying to Coast Guard inspectors.
Aker Maritime Gets Contract
Norsk Hydro awarded a $108 million contract to Aker Maritime for construction of an oil drilling module. Aker will build the 5,500 ton module for the Grane North Sea oil platform.
