Fitch Ratings Upgrades Port’s Bond Rating
Fitch Ratings, an international credit rating firm, recently announced it has upgraded the Canaveral Port Authority $61 million of outstanding debt from “A-“ to…
New Cat C30 Cranks Out More Power
Caterpillar’s newC30 marine diesel engine is available for worldwide distribution. The electronically controlled C30 is in the same size class as the popular Cat 3412E…
Hartland Point Named at Harland and Wolff
The latest vessel to be constructed at Harland and Wolff Heavy Industries Ltd., was officially christened “Hartland Point” by Fiona De Pencier, the wife of Mr Theo de Pencier…
Austal Sells First Vehicle/Passenger Ferry to C.A.T.S
Austal Limited subsidiary, Austal Ships, has signed a contract with Canadian Transportation Systems (C.A.T.S) for a 282 ft. (86 m) catamaran. The high-speed vessel…
Standard Absorption Clause Welcomed by Industry
Insurance underwriters and average adjusters have welcomed the recent publication of BIMCO’s Standard General Average Absorption Clause. It is hoped that the initiative…
Customs Implements Cargo Targeting at All U.S. Ports
U.S. Customs officials have announced the next step in the agency's multi-tiered program to protect international commerce from terrorist infiltration. Customs introduced…
St. Lawrence Seaway Introduces AIS Technology
The Saint Lawrence Seaway Development Corporation and its Canadian partner, the St. Lawrence Seaway Management Corporation, today unveiled a new Automatic Identification System (AIS)…
NOAA Fisheries Offer Gulf Shrimp Vessel Permit Reminder
Federal waters of the Gulf of Mexico that they must obtain a commercial vessel permit by December 5, 2002. The rule requiring shrimp vessel permits became effective on September 6, 2002.
Seabulk Holds Special Shareholder Meeting
Seabulk International, Inc. announced approval by its shareholders of the issuance of 12.5 million shares of common stock at $8.00 per share to a group of investors…
