Taiwan To Get Submarines, Ships
The U.S. decision to help Taiwan buy eight diesel submarines will be a boon to the island's navy, enabling it to break any naval blockade imposed by its communist rival China.
Indian Bulk Carrier Refloated
An Indian-registered vessel that ran aground west of Melbourne in stormy weather last weekend was refloated on Wednesday, Australian maritime officials said. The 50…
EU To Propose Subsidy Program To Battle South Korea
The European Union is proposing to subsidize its embattled shipyards in a long-standing dispute over what it views as unfair competition from South Korea. The EU…
HTS Propulsion Thrusters Project Gets $3.1M Boost
U.S. Navy's Office of Naval Research (ONR) to continue the design and development of high temperature superconducting (HTS) motors and related subsystems for electric ship propulsion.
BV Proposes 12,500 TEU Mega Containership
Bureau Veritas expects demand for container slots to double over the next decade, making current post-panamax containerships too small. revolutionary 12,500 teu…
Navy Honors Propeller Expert
Senior naval officers and government officials will recognize the career of Dr. William B. Morgan in a 10:00 a.m. naming ceremony April 27 at the U.S. Navy's Large Cavitation Channel (LCC).
Leif Hoegh Enjoys Healthy 2001
Norwegian shipping group Leif Hoegh forecast higher operating profit in 2001, helped by a larger RoRo vehicle transport fleet, after a smaller-than-expected 59 percent jump in the first quarter.
Freight Rates To Fly High In Coming Years
The U.S. will become more dependent on tanker-borne petroleum imports in coming years, coinciding with a ship shortage which will push freight costs sharply higher…
Aker Opposes New Kvaerner Board
Aker Maritime opposes a proposed new board for Kvaerner, where Aker owns 17.8 percent. "Aker Maritime has asked Kvaerner's election committee to propose a competent…
Russian Nuclear Sub Towed Home
A Russian nuclear-powered submarine was towed to port this month after an apparently minor accident in the Barents Sea, where the Kursk sank last year with the loss of 118 lives…
Royal Caribbean Profits Halved
Royal Caribbean Cruises Ltd., the world's number two cruise operator, said that first quarter net profits halved amid an economic slowdown and that earnings were likely to stay weak in 2001.
General Dynamics To Buy Newport News Shipbuilding
General Dynamics Corp. said it would buy rival Newport News Shipbuilding Inc. for $2.1 billion in cash, creating the only U.S. builder of aircraft carriers and submarines for the U.S. Navy.
Nichols Brothers Delivers 39-Knot Cat
The transit between Long Beach and Catalina Island will be reduced to "well under" one hour when the "Jet Cat Express" joins the Catalina Express fleet. "This will take place before Memorial Day…
