Petripentti New Fortum Oil CFO
M.Sc. (Econ.) Petri Pentti has been appointed CFO of Fortum's Oil Sector and of the new oil company to be listed on the Helsinki Exchanges. He assumes his new position…
USS Ronald Reagan Redelivered After PSA
Northrop Grumman Corporation successfully redelivered the nation's newest and most advanced nuclear-powered aircraft carrier, USS Ronald Reagan (CVN 76), to the U.S.
Caution Advised When Offshore Iraq
The National Geospatial-Intelligence Agency (NGA) issued a Notice stating that mariners should exercise extreme caution when operating in the vicinity of Iraq’s…
NTSB Issues Report on Passenger Vessel Sinking
The National Transportation Safety Board (NTSB) issued its report into the grounding and sinking of the uninspected passenger vessel SAFARI SPIRIT in Kisameet Bay, Canada on May 8, 2003.
Preferred Ship Mortgage on Vessel Under Construction
The U.S. Court of Appeals for the Fifth Circuit ruled that a preferred ship mortgage may be recorded before a vessel’s construction is completed. In the instant case…
Choice of Law May Result in Claim Forfeiture
In an unpublished decision, the U.S. Court of Appeals for the Second Circuit ruled that a freely negotiated choice of law clause is binding, even where that choice…
LA/LB Issues Tug Escort Proposal
The California Office of Spill Prevention and Response (OSPR) issued a Notice of Proposed Rulemaking (NPRM) regarding guidelines for tank vessel escorts for Los Angeles/Long Beach Harbors.
Warning Regarding Ship Bomb Issued
The UK intelligence agency MI5 issued a Caution advising industry of the possibility that terrorists might attempt to deliver bombs by means of aircraft or ships.
Lower Port Dues for ISPS-Compliant Ships
The Singapore Maritime and Port Authority (MPA) said that ships in compliance with the ISPS Code prior to July 1, 2004 will receive a 5% rebate on port dues when…
Exclusion Zone Established in Iraqi Waters
The U.S. Maritime Liaison Office (MARLO) issued an Advisory stating that an exclusion zone has been established in Iraqi waters within 2,000 meters of the Khawr…
First of Three Tugs Delivered to Indian Navy
The first of a three-vessel order has recently been delivered to the Indian Navy by the Tebma Shipyard located on the Indian East Coast. Each tug is to be powered…
LMSI Wins Navy Deal
Lockheed Martin Services Inc. aircraft carriers during Refueling and Complex Overhauls (RCOH). performed in Dahlgren, Va., and is expected to be completed by May 2005.
DDG100 Keel Authenticated
U.S. here today. The event featured brief remarks delivered by Isaac C. Trade for Northrop Grumman's Electronic Systems sector. the grandson of the ship's namesake, U.S. Navy Rear Adm.
Move for Increased Compensation for Passengers
Shipping Minister David Jamieson underlined the UK's support for an improved compensation scheme for death or injury to fare-paying passengers or for loss of luggage…
Lake Ontario – safety and security zones
The U.S. Coast Guard has established temporary safety and security zones around the high-speed ferry Spirit of Ontario when it is operating on waters of the Genesee River or on U.S.
This Day in Naval History - April 30
1798 - Congress establishes Department of the Navy. 1975 - Saigon falls to North Vietnamese forces. For more information about naval history, go to www.history.navy.mil
New Rescue/Salvage Vessel Launched
The quick response rescue vessel, Safe/Sea Block Island was launched and began providing quick response towing and salvage services to Rhode Island area boaters on April 15.
Panama Canal Reports Increased Tonnage Flow
The Panama Canal Authority (ACP) announced today second quarter (Q2) operational metrics for fiscal year 2004. Q2 data reveals an increase in tonnage flow and a…
EIA: Would More Crude Oil Help?
Yesterday (April 27), the Center for Strategic and International Studies (CSIS) and the U.S.-Saudi Arabian Business Council co-hosted a conference on “U.S.-Saudi…
Conrad Industries to Release Quarter Results
Conrad Industries, Inc. plans to release its first quarter earnings during the evening on Wednesday, May 5, 2004. Management of the Company will host a conference call on Thursday…
