Tug Sinks off Frying Pan Shoals, 3 Die
High seas off Frying Pan Shoals on the night of January 24 led to the sinking of a tugboat and the death of three crew members. The 125-foot tugboat Valour set its…
Barge Shuts Down Intracoastal Waterway
A partially sunken barge blocked traffic in the Intracoastal Waterway on January 24, halting shipments and costing businesses hundreds of thousands of dollars. Ms.
EU Mulls Use of Ferries for Troop Transport
European Union governments urged the European Defense Agency (EDA) on January 24 to examine whether high-speed ferries could be used to more rapidly move troops into conflict zones.
WDT Security Barriers, Buoys Installed at Army Reserve
Wave Dispersion Technologies (WDT) announced the recent delivery and installation of four Marine Security Sign Buoys and two hundred and eighty linear feet of WhisprWave…
Three Navy Ships Surged
The Navy surged three ships January 24 and 25 to conduct maritime security operations in support of the global war on terrorism. The amphibious dock landing ship USS Oak Hill (LSD 51)…
Philippine Navy to Receive Two PKM Gun Boats
The Philippine navy will receive two Patrol Killer Medium (PKM) gun boats this year from the government of South Korea, as South Korea's defense minister promised…
Guangzhou’s 2005 Net Pft to Rise Over 40%
Hong Kong-listed Guangzhou Shipyard International Co. expects its 2005 net profit rose more than 40% on improved profitability in shipbuilding and a writeback of provisions.
Shanghai’s 2005 shipbuilding capacities surpass 4.3M DWT
The four major shipbuilding bases in Shanghai manufactured 71 ships in 2005 with a total value of about $2.1 billion, up 15.4% year-on-year, China Knowledge reported.
Hyundai Wins $300M Contract
Hyundai Corporation won shipbuilding contracts worth $300 million through its joint shipbuilding venture in China. The company announced that an additional deal concerning nine units of 5…
Thailand’s Shipbuilding Plan to be Discussed
Thailand’s shipping agencies and the private sector plan to meet by the middle of next month to work out an action plan to develop and promote shipbuilding in Thailand.
KMG Reports 2005 Record Results
Kerr-McGee Corp. reports net income for the 2005 fourth quarter of $2.2 billion ($18.46 per diluted common share), compared with $133.8 million ($.86 per share) for the 2004 fourth quarter.
R&D Funding To Increase 2.9% In 2006
Industry Weekly reported that in 2006, R&D funding should hit $329 billion, up from $320 billon in 2005, according to Columbus, Ohio-based Battelle-R&D Magazine's annual forecast.
Diamond Offshore Declares Quarterly Cash Dividend
Diamond Offshore Drilling, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.125 per share of common stock, payable on March 1…
HCDC, Edison Chouest Agree on Deal
The Harrison County Development Commission approved a land deal with Edison Chouest Offshore, in which HCDC is to sell 23 acres in Bernard Bayou Industrial Park to the company for $994…
Yayasan Sabah Plans Expansion
Yayasan Sabah Group is set to play an active role in the chemical marine transportation industry, planning to expand its involvement in this sector with the acquisition of more tankers…
National Shipping to Buy More Tankers
National Shipping Co. of Saudi Arabia is buying as many as 17 very large crude carriers and chemical tankers. The company plans a five-year acquisition program under…
UK Issues Report on Ports
The UK Department for Transport issued the report Focus on Ports: 2006. The report provides comprehensive statistical information about commercially active UK ports.
Barge Sinks in Intracoastal Waterway
A 264-ft. barge containing crushed limestone sits in the Intracoastal Waterway at mile marker 171, west of the Harvey Locks in Louisiana. The Coast Guard established…
Hearing on National Strategy for Maritime Security
The Subcommittee on Coast Guard and Maritime Transportation of the House Committee on Transportation and Infrastructure conducted a field hearing on the National Strategy for Maritime Security.
USNS Mercy Participates in Disaster Relief Drill
060121-N-1722M-003 San Diego (Jan. 21, 2006) – Commanding Officer, Medical Treatment Facility, aboard Military Sealift Command (MSC) hospital ship USNS Mercy (T-AH 19), Capt.
