Stolt-Nielsen S.A. Announces Bond Issue
Stolt-Nielsen S.A. issue new senior five-year unsecured bonds with a term from April 15, 2004 to April 15, 2009. fixed yearly coupon of 8.75%. of NOK 1 billion.
Iridium Debuts Global Sat Fax, Enhanced Messaging
Iridium Satellite LLC announced the launch of a new satellite fax service that will permit subscribers to send and receive faxes from any location in the world directly…
TT Club's Reports Strong 2003
The TT Club, a provider of insurance and risk management services to the international transport and logistics industry, has reported another successful year for its financial year 2003.
HOS Innovator Accumulates Good Safety Record
Sonsub announced that, as of February 10, Sonsub’s HOS Innovator and Innovator 09 ROV Crews have accumulated an impressive 250,000 man-hours and over 1,000 days without a lost time incident (LTI).
CP Ships Closes on $525M Credit Facility
CP Ships Limited has closed on a five-year $525 million secured multicurrency revolving credit facility. and one for $350 million completed in March 2002. general…
Crew Medical Initiative Debuted in Ukraine
The American Club is the first P&I insurer to set up a program for pre-employment medical examinations (PEME) in the Ukraine. Claims resulting from pre-existing…
Ship Sewage Regs Set for Adoption
Revised regulations for the prevention of pollution of the oceans by sewage are expected to be adopted by the Marine Environment Protection Committee (MEPC) when…
Hearing on Law of the Sea Convention
The Senate Committee on Environment & Public Works conducted an oversight hearing to examine the United Nations Convention on the Law of the Sea. The Chairman, Senator James M.
The State of Maritime Security
The Senate Committee on Commerce, Science & Transportation conducted an oversight hearing on The State of Maritime Security. The Chairman, Senator John McCain (R…
Satellite Use Comment Period Extended
The Federal Communications Commission (FCC) has extended until March 24, 2004, the comment period on its proposal regarding terrestrial fixed service and fixed satellite…
Hvide New President of NSA
The annual General Assembly of The Norwegian Shipowners’ Association has today elected shipowner Johan G. Hvide, Seatrans DA in Bergen, as President for a two years period. Mr.
$21.5 Sub Sensor Contract Awarded
Lockheed Martin to manufacture key elements of the Lightweight Wide Aperture Array (LWWAA) fiber-optic acoustic sensor systems for the fifth and sixth Virginia-class submarines, SSN 778 and 779.
Austal USA Launches 192-ft. Ferry
On March 20, Austal USA launched its seventh and largest vessel to date. Lake Express, a 192 ft. high-speed vehicle-passenger ferry rolled out of Austal’s purpose…
HUAL Takes 2 More Newbuilds
HUAL has entered into long-term time charter arrangements for two large car-carrier newbuildings. The vessels will be built at the Uljanik Shipyard in Croatia and will be delivered 1st half 2007.
