USN Awards $52M Contract To DD21 Gold Team
The U.S. Navy announced a $124 million contract modification for continuation of design and test planning of its 21st century DD 21 destroyer program. The contract…
Keppel Singmarine Lands $5.5 Million Harbor Tug Contract
Keppel Smit Towage Private Limited (KST), has recently signed a contract with Keppel Singmarine Dockyard Pte Ltd (Keppel Singmarine) to build two 3,600 bhp harbor…
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.
Environmental Activists Protest President Bush's Kyoto Pact Veto
Greenpeace activists boarded an oil tanker in Norway on Tuesday in a bid to stop it sailing for the United States, in their second such protest this week against President George W.
Coast Guard Lifts Restrictions on Houston Ship Channel
The U.S. Coast Guard kept the Houston Ship Channel open without any restrictions on Tuesday, but still required vessels to check with traffic controllers before exiting or entering…
General Maritime Goes Public, Raises $144 Million
General Maritime Corp., a crude oil shipping company, raised $144 million by selling 8 million shares in an initial public offering, the latest in a spate of energy companies to go public.
Atlantic Panamax Rates Soften, Fixtures Lay Low
Sentiment for the Atlantic panamax freight market may be softening while fixture rates stay on the low side, shipbrokers said on Tuesday. "It may be settled in the…
Silversea Cruises Appoints Albert Peter As CEO
Luxury cruise line, Silversea Cruises, Ltd., has announced that its owners, Italy's Lefebvre family, have completed a restructuring of its family holdings. As part of this process, Dr. Lefebvre.
Pan United Shipyard Lands $38 Million Vessel Contract
Singapore's Pan United Corp Ltd said on Tuesday its unit Pan United Shipyard Pte Ltd won a $38 million shipbuilding contract from Shanara Maritime. The contract…
Asia-Pacific Countries Bond To Protect Vital Sea Lanes
Fifteen ships and 1,500 personnel from 16 Asia-Pacific countries took part in exercises off Singapore on Tuesday with the aim of forging stronger ties to protect the region's vital sea lanes.
Explosion Rocks Singaporean Tanker
An explosion has ripped through an empty Singaporean supertanker in the Indian Ocean, Lloyds shipping intelligence reported on Tuesday. "The damage to tanker Heng San is understood to be serious…
Boat Sinks Off Madagascar; Soccer Team Feared Dead
About 40 people, including an entire soccer team, were missing on Tuesday after a boat sank off Madagascar, state radio said. The boat, which went down in bad weather at midday on Monday…
Shell: Short Term LNG Contracts Will Be the Norm
Shell Gas & Power said on Tuesday short-term liquefied natural gas (LNG) contracts will become common within the next decade. Shell Gas & Power President Peter de…
