CP Ships Secures Financing
CP Ships is in the process of closing a secured five year revolving credit facility. Citibank N.A. has underwritten $ 250 million of the facility, which is expected to be $350 million in total.
LISCR Welcomes Liberian Government IMF Move
The Liberian International Ship & Corporate Registry (LISCR) has welcomed action by the Government of Liberia to seek IMF auditing of funds from the Liberian registry.
Destroyer To Be Christened Mustin
DDG 89, the 18th DDG 51 Class Aegis guided missile destroyer to be built by Northrop Grumman Corporation's Ingalls Operations in Pascagoula,Miss., will be christened "MUSTIN" at Ingalls on Saturday…
NNS Gets $77M Navy Deal
Newport News Shipbuilding, Newport News, Va., is being awarded a $76,847,120 cost-plus-fixed-fee contract for planning yard, design, configuration management and logistics support for SSN 688…
Navy Investigates Ship Sinking
The Wall Street Journal is reporting that the U.S. Navy is investigating the possibility that the crew of an Iraqi oil-smuggling ship had intentionally damaged the ship…
Northrop Grumman Installs Simulator System
Electronic Support Measures (ESM) Target Generator System (TGS) at the U.S. Navy's Atlantic Undersea Test and Evaluation Center (AUTEC) on Andros Island in the Bahamas.
MDI RCA and Autopilot Secures Bureau Veritas Approval
Fast ferry and military craft motion control specialists, Maritime Dynamics, Inc. have added Bureau Veritas to the classification approvals for their Ride Control System with Autopilot.
C-Map Wins NMEA Product Excellence Award
C-MAP won the National Marine Electronics Association Award for best vector charts for the third straight year. C-MAP was also honored by the NMEA in 1994 and 1995…
Renaissance Cruiseships Reflagged to Marshall Islands
Six of the former Renaissance cruiseships now owned by Cruiseinvest LLC, a Marshall Islands-incorporated company, have been reflagged to the Marshall Islands, Cruiseinvest…
U.S. Secretary Of Transportation Welcomes Vessel To The U.S.-Flag Fleet
U.S. Secretary of Transportation Norman Y. Mineta and Maritime Administrator Bill Schubert today announced that Industrial Maritime Carriers will transfer a Challenger…
VT Acquires Merlin Communications
Vosper Thornycroft (VT) announces that it has agreed to acquire Merlin for approximately $136 million USD ($94 million GBP). Merlin’s principal business is the…
Lawrence Graham Completes LATCO Loans
London law firm, Lawrence Graham has advised the Latvian Shipping Company on a complex multi-bank loan scheme to finance its recently completed purchase of three 68,000 dwt product tankers.
Leica Marine Will Supply AIS For BP Tankers
Company (NASSCO) in San Diego, Calif. Each of the vessels will be fitted with an integrated DGPS/AIS system meeting the International Maritime Organization (IMO)…
Bollinger Promotes Fanguy, McDonough
Bollinger Shipyards, Inc., has promoted two senior department heads at Bollinger’s headquarters in Lockport, La. Dennis Fanguy has been appointed vice president…
LR Issues Technical Alert
The following technical alert has been issued today by classification society Lloyd's Register. The United States Coast Guard (USCG) has identified serious manufacturing…
Contract Awarded to Coflexip Stena Offshore
Coflexip Stena Offshore Ltd. (CSOL), a UK entity of the Technip-Coflexip Group, is in charge of a three-year contract from the Texaco, Amerada Hess and Talisman…
Thrane & Thrane to Breach Agreement With Nera
Nera ASA has been informed that Thrane & Thrane will not close the agreement relating to the sale of the Nera SatCom AS. Based on this, Nera has considered taking legal action.
FGH Announces $10 Million in New Contracts
FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts totaling over $10 million…
Launching, Double Christening at Flender
On December 7, 2001, two ferries were christened and one was launched by German Shipyard Flenderwerft. Mrs. Katerina Panagopulos, National Ambassador of Greece to the Council of Europe for Sports…
U.S. Food Could Be Headed To Cuba
Reuters reported that, for the first time in nearly four decades, a shipment of food from the U.S. could be headed to Cuba. According to the report, Archer Daniels Midland Co. - pending final U.S.
