FMC Acts On Mississippi Towage Arrangements
The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the news that the U.S Federal Maritime Commission (FMC) has agreed it has jurisdiction…
Lockheed Martin, Northrop Grumman To Team For USCG Proposal
Lockheed Martin and Northrop Grumman Ingalls Shipbuilding announced the creation of a joint venture partnership under which the two major corporations will submit…
Northrop Grumman Completes Litton Acquisition
Northrop Grumman Corporation completed the final step in its acquisition of Litton Industries Inc. by converting Litton's preferred stock into the right to receive $35 per share in cash.
Contract Awarded To Build Hybrid Electric Ferries
Canal Boats Inc. has received a contract to build eight Hybrid Electric ferries for Broward Country, Fla., Mass Transit Division. The ferries, funded by a Federal Ferry Boat Discretionary Fund Grand…
Crowley Re-powered Tugs Win Annual Race
Crowley Marine Services' newly refurbished twin-screw high horsepower conventional tugs Ranger and Sea Viking took first and second place respectively in Seattle…
Small Fuel Oil Tanker Freight Rates Tank
Freight rates for small fuel oil tankers in the Mediterranean have taken a long-anticipated hit. "Demand fell off a while back and there's been a build up of old ships…
Disputed Tanker Fleet Bought
Norwegian tanker mogul Tom Steckmest bought out bondholders with whom he was due to clash in the New York courts over control of a fleet of six petroleum product tankers.
Is DD21 Program In Peril?
Prospects for a proposed all-new $30 billion advanced Navy destroyer foundered on Tuesday, undercut by a study carried out for Defense Secretary Donald Rumsfeld.
