Kivett Elected to Crowley Board
Earl Kivett was elected to Crowley Maritime Corporation's board of directors at the company's annual meeting held March 27 in Oakland. In addition, each of the other…
S. Korea Ship Orders Fall 46%
New ship orders for world market share leading South Korea, dipped 46% in 1Q 2002, according to government sources. New orders amounted to 917,000 cgt for 21 vessels…
HHI Set To Put Big Dent in Offshore Market
Hyundai Heavy Industries (HHI) is reportedly set to win up to $1.3 billion worth of orders for offshore projects by end-June, according to published reports. The…
More NACOS Orders For SAM Electronics
radars, Ecdis and other proprietary sensors. Worldwide sales of systems for installation aboard commercial and passenger vessels as well as retrofits now approach 750 configurations.
Lasco Logger Pool gets Bigger
The Lasco Logger Pool, already one of the world’s largest logger fleets, just got bigger, with the announcement that two of SINCERE STEAMSHIP CORP.’s newly built logger ships…
MarAd Administrator Schubert to Address Security Council Conference
One of the nation's most comprehensive forums on all aspects of supply chain security since last fall's terrorist attacks, will be held from June 13-15 in Scottsdale, Ariz.
Transas Makes Breakthrough In Visualization Technologies
Transas is introducing the next generation of its visual presentation system based on the new Transas visualization technology. The new software, which has been named Seagull_Vis 4000…
CP Ships Posts Modest Loss
CP Ships Limited announced an unaudited first quarter 2002 operating loss of $6 million, down from an operating profit of $31 million in the first quarter 2001 and…
GD Reports Solid 1Q Results
General Dynamics reported first quarter 2002 net earnings of $229 million, or $1.13 per share on a fully diluted basis, on sales of $3.1 billion. For the first quarter of 2001…
Northrop Grumman Reports 1Q Results
Northrop Grumman Corporation reported first quarter 2002 net income of $149 million, or $1.27 per share, compared with net income of $132 million, or $1.81 per share…
Smedvig Wins Drilling Contract
Maatschappij (NAM) for the assignment of the jack-up drilling rig West Epsilon offshore Holland. The contract is in direct continuation of the current contract with NAM…
FGH Records Large Non-Cash Write Downs
Friede Goldman Halter, Inc. (FGH) filed a Form 10-K with the Securities and Exchange Commission. weeks. The company reported a loss for the year ending December 31st 2001 of $401.6 million…
GlobalSantaFe Reports 1Q Results
GlobalSantaFe Corporation reported net income for the quarter ended March 31, 2002, of $77.1 million, or $0.33 per diluted share, on revenues of $464.0 million.
Keppel Corporation Elects Two Top Names To Board
Keppel Corporation Limited (KCL) has appointed Tony Chew Leong-Chee and Dr. Lee Tsao Yuan to its Board. Both Chew and Dr. Lee are no strangers to the Keppel Group…
Nalfleet Marine Tests Kittiwake's Equipment
Nalfleet Marine Chemicals, the marine division of specialty water treatment company, Ondeo Nalco, has selected Kittiwake developments for its test kits and equipment.
Sperry Marine Opens Training Center In U.K.
Sperry Marine, a unit of Northrop Grumman Corporation, has established a new training center in New Malden to provide realistic, practical training for ships' navigation…
Spinnaker: London faces Seafarer Shortage
Maritime recruitment specialist, Spinnaker Consulting, says maritime employers in London face a shortage of ex-seafarers willing to join them. High housing costs…
Transpacific Vessel Capacity Resumes Growth
Total vessel capacity supply by ocean carriers on the transpacific trade has started increasing again, according to a report released this week by ComPair Data Inc.
Odyssey Appoints COO
Odyssey Marine Exploration, Inc., a leader in the field of worldwide deep ocean shipwreck exploration, announced the addition of George J. Becker Jr. as COO. Becker…
Navibulgar Finalises Varna Shipyard
Navigation Maritime Bulgare (Navibulgar), the nationally owned Bulgarian shipping company, has confirmed its acquisition of Varna shipyard, which has been in administration since January.