LNG Carrier Launched by IZAR Sestao Yard
Iñigo Tapias, the new 138,000 cu. m. liquefied natural gas (LNG) carrier launched on January 29 by Izar’s Sestao yard in Bilbao, is a significant ship for many reasons, both technical and business.
Coast Guard Appoints Director of Intelligence
The United States Coast Guard has named Frances Fragos-Townsend as its Director of Intelligence. In this position, Fragos-Townsend leads the service’s Intelligence Directorate…
Navy Awards Lockheed Martin $248 Million Contract
The U.S. Navy has awarded Lockheed Martin Space Systems-Missiles & Space Operations, Sunnyvale, Calif., a $248 million contract for the follow-on production of 12…
USCG Implement Security Guidelines
Vice Adm. Ray Riutta, commander of the Coast Guard’s Pacific Area, instructed Coast Guard Captains of the Port west of the Rocky Mountains to apply the guidelines…
Manitowoc Reports 2001 Results
The Manitowoc Company, Inc. reported record revenue and cash flow for the full year ended December 31, 2001. Net sales for the year increased 27.9 percent to $1.1 billion from $873.3 million for 2000.
Philadelphia Gear Gets Offshore Contract
Philadelphia Gear Corporation announces an agreement with the Rowan Companies, Inc., of Vicksburg, Miss., to supply propulsion reduction gearing for the Gorilla VIII drill rig.
FMC Issues Notice
The Federal Maritime Commission (FMC) has issued a notice stating that an item has been added to the schedule for the closed portion of the FMC meeting on January 30, 2002.
USCG Hosts Workshop on Maritime Security
The two-day workshop on maritime security, hosted by the U.S. Coast Guard in Washington, was completed with members of diverse sectors of the maritime industry offering…
U.S. to Adopt Delay in STCW 95 Enforcement
The U.S. Coast Guard announced that it has adopted the recommendation of the IMO STW Subcommittee to delay enforcement of STCW 95 vis-à-vis foreign vessels until August 1, 2002.
Tidewater Reports 3Q Results
Tidewater Inc., announced third quarter net earnings for the period ended December 31, 2001, of $34 million on revenues of $ 182 million. For the same quarter last year…
Teekay Signs E-Procurement Contract With SeaSupplier
SeaSupplier Ltd., the marine e-procurement subsidiary of Stolt-Nielsen S.A. announced it has signed a multi year e-procurement contract with Bahamas-based Teekay…
Stolt Offshore 4Q and Full Year Results
Stolt Offshore S.A. reported results for the fourth quarter and the year ended November 30, 2001. The net loss for the latest quarter was $2.0 million, or $0.02 per share…
Northrop Reports 4Q Results
Northrop Grumman Corporation reported 2001 fourth quarter economic earnings of $158 million, compared with $106 million for the same period of 2000. On a per share basis…
Aker Maritime Wins Petrobras Contract
Brazilian state oil company Petrobras has awarded Aker Maritime a contract for preliminary engineering for one deepwater platform, with an option for engineering of one additional platform.
Wärtsilä Acquires John Crane-Lips
John Crane-Lips will become part of Wärtsilä following the signing of the sale and purchase agreement between Wärtsilä and John Crane-Lips´ UK-based parent Smiths Group.
