MARAD Report on Ports and Shipping
The U.S. Maritime Administration (MARAD) released its quarterly report on Port and Shipping Safety and Environmental Protection.
EU Investigation into Aker Warnow Werft Continues
A European Union investigation over the possible repayment of subsidies by German shipyard Aker Warnow Werft – formerly Kvaerner Warnow Werft – looks set to drag on.
GE in Talks with Chinese Shipyard
China Ship Building Corporation (CSBC) is in talks with United States’ General Electric (GE) to establish a naval shiprepair facility in Kaohsiung. General Electric…
First Ship Lease Closes $100m Mezzanine Financing
First Ship Lease Ltd., a commercial finance company focused on diverse shipping assets, today announced the successful completion of a $100 million mezzanine financing facility.
COSCO Unit Logs Good 2003
COSCO Pacific, an arm of the Chinese shipping conglomerate, reportedly logged a 45% jump in 2003 container volumes, according to a Reuters report. A container leasor…
Navy's Evolutionary Catamaran Tested Off Africa
Low intensity conflict, littoral warfare, special forces that can be whisked ashore at a moment's notice-all familiar terms to describe just how the military must…
First ME engine built in Japan by HZ
The first ME engine to be built in Japan, a 6S50ME-C, has been completed by Hitachi Zosen Corporation. The order was placed by Naikai Zosen for Nissho Shipping.
A&P Busy in the Ferry Refit Season
The various yards in A&P are well into the ‘ferry refit’ season, with the latest contract being Irish Continental Lines’ 50,938 grt passenger/car ferry Ulysses, which is currently in A&P Birkenhead.
IM Skaugen Announces Results
The IM Skaugen group reported a pre-tax result of MUSD 20.3 in 2003 including a net gain from sale of assets of MUSD 19.3 - (MUSD 4.8 in 2002). The result on EBITDA…
OSI Wins Royal Navy Deal
Offshore Systems International Ltd. said that its Navigation Systems unit has been selected for a major fleet-wide contract with the Royal Navy. OSI, as part of…
Crowley Ships Unique Equipment for Smithsonian
Crowley Liner Services is in the process of transporting one 20-ft. flatbed and one 20-ft. unique satellite equipment from Houston, Texas to Panama as part of the…
GlobalSantaFe to Hold 4Q Conference Call and Webcast
GlobalSantaFe Corporation has scheduled a conference call to discuss its fourth-quarter and year-end financial results at 11:00 a.m. CST (12:00 p.m. EST) Wednesday, January 28, 2004.
Volvo Penta D12 Allows for Reduced Operating Expenses
Northern Norway has a large fleet of small and mid-size boats for commercial operations, for example, passenger boats, car ferries and a multitude of fishing boats.
General Maritime Signs Contract With Shell International
General Maritime Corporation entered into a contract of affreightment (COA) agreement with Shell International Trading and Shipping Company Limited (STASCO), the…
SSC Release Research Reports
The Ship Structure Committee, sponsored by the U.S. Coast Guard, among others, released four new research reports. SSC-429 is entitled "Rapid Stress Intensity Factor…
Teekay Shipping Corporation Declares Dividend
Teekay Shipping Corporation announced that its Board of Directors has voted to declare a cash dividend on its common stock of $0.25 per share, payable on January 30…
CAE USA Names New Tech Director
CAE USA marine systems has named Capt. William H. Luebke to the newly created position of director of technology, effective Jan. Luebke, who just retired from the U.S.
Permit Helps Clear Way for $1.2 Billion Terminal
The Port of Houston Authority (PHA) signed the federal permit for the Bayport Container and Cruise Terminal on Monday. The permit was then issued after Col. Leonard Waterworth signed it. The U.S.
Ground Broken on World’s Largest Shipyard
A Chinese shipbuilding company has broken ground on what it says will be the world's biggest shipyard, a high-tech facility capable of producing cruise ships and natural gas tankers…
IHC Caland Logs $100M New Business
IHC Caland reported that it had won new orders recently worth more than $100 million and would continue to meet its banking covenants. J.P. Morgan had said in October…
