Positive Outlook for Global Subsea Development, Deepwater Strengthening
There are 2,511 identified pending, probable and possible subsea production wells forecast (base case) worldwide over the next six years. Some 18 percent of these…
ACR -- On the Road To Safety and Survival Technology
Beginning in the 1950's when the company manufactured the first electronic flash unit for cameras that utilized photo flash batteries, ACR Electronics was well on…
As Banks Step Down, Equipment Finance Companies Step Up
Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry…
Faster Than A Speeding...
It is little secret that as offshore oil production moves further from shore, the boats that service these offshore units must be bigger, stronger and more capable than their ancestors.
The Allure of Power
Continuity is a valuable asset in the marine field, especially so in relation to the most essential products pivotal to vessel design and operation. The diesel engine…
No Substitute for A Strong Navy
The President is proposing a much needed, and long overdue increase of $49 billion in his fiscal year 2003 budget for National Defense. What is astonishing is that…
Boston Whaler Debuts New Security Products
Timing, it is said, is everything. Boston Whaler Commercial & Government Products has combined timing with a sterling reputation in introducing a pair of new products…
NWDC: The Ultimate One-Stop Shop
The efficient adoption and integration of leading edge, off-the-shelf technologies; seamless cooperation among military branches and entities; and procurement of a vessel…
Boston Whaler Unveils Robot Security Boat
A Remotely Piloted Surface Vessel (RPSV) was unveiled at the Navy League Air Sea and Space Exhibition in Washington D.C. from March 26-28, 2002 by Boston Whaler…
Editor's Note
Those companies that belabor the arduous conditions prevalent in business today will literally be left on the docks when the pace picks up during the coming year.
Conrad Awarded Contracts
Conrad Industries, Inc. was awarded contracts for two 75 ft. tug boats with four options for a total of a six boat program. This new class of tugs will be ABS classed…
NTSB Determines Cause of 1999 Sinking
The National Transportation Safety Board cited inadequate maintenance as the cause of the 1999 sinking of the amphibious passenger vessel, Miss Majestic, on Lake Hamilton in Hot Springs, Arkansas.
Fatigue Cited as Cause of Transportation Accidents
The National Transportation Safety Board (NTSB) issued a press release citing fatigue as a primary cause of serious transportation accidents. Analyses of marine…
USACE Will Conduct Study
The U.S. Army Corps of Engineers published notice of intent to prepare a Programmatic Supplemental Environmental Impact Statement for the Louisiana Coastal Area…
NY Security Zones Extended
The U.S. Coast Guard has extended through August 15, 2002 the effective period for the security zones, safety zones, and regulated navigation areas established on…
Port of Honolulu Temporarily Closes
The Coast Guard Captain of the Port responded this morning to a report that explosive-detecting dogs had alerted security officials at pier 2 of a suspicious pallet of boxes.
Kresa Recieves Top Navy League Honor
Kent Kresa, Northrop Grumman Corporation's chairman of the board and CEO, is the recipient of the 2002 Navy League of the United States' Fleet Admiral Chester W. Nimitz Award.
Cal Dive Lowers 1Q Earnings Guidance
Cal Dive International, Inc. expects first quarter diluted earnings per share to fall in a range of 8 to 10 cents, below the 11 cent minimum of the company's earlier guidance for the quarter.
Varna Shipyard Sold?
It was reported that the state Bulgarian Sea Fleet won tender to buy insolvent Varna shipyard for $16 million. State-owned, the goverment apparently had sought foreign investment in the yards.
Central Gulf Lines Seeks Transfer Authorization
Central Gulf Lines, Inc., has requested the necessary permissions to transfer one authorization granted under Section 615 of the Merchant Marine Act, 1936, as amended, to a wholly owned subsidiary.