Grupo TMM Reports 4Q, Full-Year 2005 Results
Grupo TMM, S.A. reported earnings of $0.41 per share for the fourth quarter of 2005 compared to a loss of $1.62 per share a year ago, and earnings of $3.02 per share…
China Raises Production of Attack Subs
Human Events estimated that by 2025, Chinese attack submarines will outnumber U.S. submarines in the Pacific by five to one. Chinese military modernization has accelerated…
Anteon Awarded $15.8M Contract
Anteon International Corporation announced that it has been awarded a contract from the U.S. Navy's Office of Naval Research for the Expeditionary Maneuver Warfare…
DHT Reports 4Q 2005 Results
Double Hull Tankers, Inc. announced results for the period from October 18, 2005 to December 31, 2005. Total revenues for this period were $20.2 million and net income was $9.5 million…
Royal Navy Ship Damaged
An investigation has been launched after a Royal Navy mine-hunting ship was damaged on a training exercise in Norway. The Clyde, Scotland-based vessel HMS Grimsby…
Iran Eyes Potential LNG Deals
Iran's National Iranian Oil Co. (NIO.YY) hopes to finalize deals with oil majors Total SA (TOT), Royal Dutch Shell PLC (RDSB.LN) and Repsol YPF SA (REP) towards…
Australian LNG Exports May Surge 22%
Australian liquefied natural gas export sales may surge by 22 percent next fiscal year, thanks to the start-up of new plants to meet rising demand for the fuel in Asia, Bloomberg reported.
Hearing on Security of Terminal Operations
The Senate Committee on Commerce, Science & Transportation conducted a Hearing on Security of Terminal Operations at US Ports. The purpose of the hearing was to…
Bill Introduced on Port Security
Senator Schumer (D-NY) introduced a bill (S. 2333) to require an investigation under the Defense Production Act of 1950 of the acquisition by Dubai Ports World of…
UK Master Convicted of Drunken Navigating
The UK Maritime and Coastguard Agency (MCA) has stated that the master of freighter was convicted on his plea of operating his ship while under the influence of alcohol.
BC Ferries Announces 3Q Results
British Columbia Ferry Services Inc. (BC Ferries) announced its third quarter results for fiscal 2005/06 with a net loss of $0.9 million for the three months ended December 31…
Naval Academy Midshipmen Select Their Future Ships
Two hundred and seventy-four midshipmen selected the surface ships they will serve on after graduation at the U.S. Naval Academy's “Ship Selection” night, Feb. 23. Vice Adm.
A New Wärtsilä Company to Serve the Baltic Region
Wärtsilä Corporation and the BLRT Grupp of Estonia will set up a second joint venture to service ships in the Baltic area. The joint venture will be owned 51% by Wärtsilä and 49% by the BLRT Grupp.
Seaspan Signs Contract for New 2500 TEU Vessels
Seaspan Corporation has signed a contract to build four 2500 TEU vessels from Jiangsu Yangzijiang Shipbuilding in China. These new orders are incremental to Seaspan's…
TEN Delivers Tanker
South Korea. existing fleet. the Atlantic by a European state oil company at an accretive rate. of current firm rates. operating on time charters and profit sharing arrangements.
Africa Mercy to be Launched
A global charity operating a growing fleet of hospital ships will soon launch its newest Africa Mercy ship, which is expected to double the number of medical beneficiaries…
Royal Navy Gets Sub Detection System
The Royal Navy has taken delivery of a new naval sonar system five months ahead of schedule. The Sonar 2087 is a defense capability needed by the Royal Navy in order…
Daewoo Shipbuilding Wins $530M in Orders
Daewoo Shipbuilding & Marine Engineering Co Ltd has won orders from Norway and Greece worth $530 million. The shipbuilder secured an order from Norway's Odfjell…
Scientists to Use Cruise Ships for Research
Hoping to collect decades of data, ocean scientist are enlisting cargo and cruise ships to measure water temperatures, ocean currents and even the height of clouds…
African Countries To Supply 30% Of World’s LNG by 2010
Nigeria, Libya and other African countries will supply 30 per cent of the world’s of Liquefied Natural Gas (LNG) by 2010, as against the present level of 12 percent…
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