Navy Investigator: Civilians Did Not Cause Sub Crash
The U.S. Navy’s investigator into the collision of a nuclear submarine and a Japanese fishing vessel testified on Tuesday that the presence of three civilians at…
Dive Boat Company Found Negligent
Everything was going swimmingly for California couple Michael and Lynda Evans on a diving excursion 5 miles off Florida’s Key Largo -- until they surfaced to find…
Swedish Police Confiscate Cannon From Barge
Swedish police have confiscated a 16th century bronze cannon from a barge owner who used the two-ton weapon as ballast in his vessel. The four yards long cannon…
Mediterranean Shipping Takes Another Cruise Ship
Mediterranean Shipping Co had exercised an option with Alstom for a second 793-cabin cruise liner to be delivered in 2004. Although Alstom declined to give the value of the contract…
Panamax Rates Slip Slightly
Panamax freight rate ideas for the immediate future have slipped back slightly, shipbrokers said. Overall, Panamax freight rates in the Atlantic are seen as softer…
Six Lost in Trawler Sinking
Rescuers on Tuesday recovered the bodies of six sailors who died when a German trawler sank in the freezing North Atlantic off the west coast of Scotland. “Everybody…
Teekay Takes Control of UNS
International tanker group Teekay has taken control of 56 percent of shares in Norway’s Ugland Nordic Shipping. Teekay will submit an offer to acquire all remaining shares in UNS at $15.85 per share…
Korean Shipbuilder See Capacity Shortage
An executive at South Korea’s Hyundai Heavy Industries, the world’s top-ranked shipbuilder, said on Tuesday there was a global capacity shortage in shipbuilding…
Report: Sailors Treated Like Slaves
Tens of thousands of sailors on commercial ships are being treated like slaves and live in fear of being thrown overboard if they complain about exploitation and mistreatment…
Trico Marine Files to Sell Up to $150M in Stock
Trico Marine Services Inc. filed with U.S. regulators to sell on occasion up to $150 million in common and preferred stock, depositary shares, debt securities, guarantees and warrants.
Seacor Smit Gets Bigger
Seacor Smit Inc. and Stirling Shipping Company Ltd., a private UK company based in Glasgow, Scotland, signed a letter of intent for Seacor to acquire all of the…
First Contract for the Saibos FDS in GOM
Bouygues Offshore, through its Saibos CML subsidiary, has signed with Saipem Inc. a pipelaying contract for the Canyon Express project in the Gulf of Mexico for TotalFinaElf E&P USA Inc.
Coast Guard Investigates Barge Breakaway
Coast Guard investigators from Marine Safety Office (MSO) St. Louis are investigating the breakaway of over 76 barges that happened Sunday evening in the Port of St. Louis.
Caribbean Tanker Rates Up a Notch
Caribbean tanker rates edged up a notch on Monday because of ongoing backlogs caused by last week’s weather delays, brokers said. “We saw W305 done today for 70,000 tons,” said a U.S. broker.
Rice Ship Struck by Bulker
The Cambodia-flag freighter Marina Bay was berthed at Lagos, Nigeria, when it was struck by the Cyprus-flag bulker Yannis, on March 3, Lloyds Shipping Intelligence Service said on Monday.
Shipping Corp. of India Will Not Be Restructured
The Indian government will not follow the advice of PricewaterhouseCoopers and break up the state-run Shipping Corp of India (SCI) into three units ahead of its privatization, Reuters reported.
Blast in Greek Tanker Kills Worker
An oxygen bottle exploded in the hold of a Greek tanker anchored near Athens on Sunday, killing a repairman and injuring three others, a Merchant Marine Ministry spokeswoman said.
Sub Inquiry Focuses On Lingering Questions
The U.S. Navy opened a formal inquiry on Monday into the ramming of a Japanese trawler by a nuclear submarine, trying to answer questions about an accident that…
NASSCO Delivers USNS Watkins
National Steel and Shipbuilding Company (NASSCO) delivered USNS Watkins (T-AKR 315) to the U.S. Navy. The Watkins was delivered ahead of schedule, under target cost, and with zero discrepancies.
Ocean Rig Commences Arbitration Against FGH
Friede Goldman Halter, Inc. announced today that Ocean Rig ASA has commenced arbitration proceedings in London against Friede Goldman Halter, Inc., and Friede Goldman Offshore…
