APL Panama Finally Freed
The APL Panama finally broke free from the sandy beach where it ran aground Christmas Day. It was 4:40 a.m. when the 874-foot container ship returned to the sea.
$1B Sought for Port Security
Sen. Robert Menendez, D-N.J., called on Congress on March 10 to fund technology that would scan 100 percent of the cargo containers entering America. Menendez wants…
Sub Seized in Drug Bust
The Colombian navy has seized a 60-foot long submarine that likely was used to haul tons of cocaine out to sea for shipment to the United States. No drugs were found…
House Panel Postpones Homeland Security Bill Discussion
Republicans on the House Homeland Security Committee have postponed work on the fiscal 2007 Homeland Security Department authorization bill, prompting heated criticism…
State Urged to Replace Old Ferries
Maritime stakeholders in Mombasa have warned over stalled ferries at Likoni, Mombasa. They urged the government to check the condition of the vessels that dock at…
SHI Develops RTLinux Powered Robots
FSMLabs, a software developer announced that Samsung Heavy Industries Shipbuilding Division (SHI) has selected RTLinuxPro as the base for its robotics systems and…
TOP Tankers Sells 13 Vessels for $550M
Crude oil shipper TOP Tankers Inc. on Monday said it has sold for $550 million 13 vessels -- which will be immediately leased back under five- to seven-year contracts…
Navy-Coast Guard National Fleet Policy Updated
Chief of Naval Operations Adm. Mike Mullen and Commandant of the Coast Guard Adm. Thomas H. Collins jointly approved a new National Fleet policy statement in early…
MTS Signs Contract with RCL
Marine Transaction Services (MTS), provider of second generation e-commerce solutions for the marine market and the international cruise company Royal Caribbean Cruises Ltd.
UK Freighter Adrift in Irish Sea
The UK Maritime and Coastguard Agency (MCA) reported that it and an Irish Lights vessel were responding to assist a small freighter in the Irish Sea that had suffered an engine breakdown.
NOAA Updates NowCOAST Web Portal
The National Oceanic and Atmospheric Administration (NOAA) has launched an updated version of the nowCOAST Web portal. NowCOAST is a Web mapping portal providing…
Horizon Offshore Completes $77M Refinancing
Horizon Offshore, Inc. Inc. (the CIT Group). bears interest at LIBOR plus 4.5% per annum. unpaid interest due at maturity in March 2011. term loan facility agented by Manchester Securities Corp.
Coast Guard, FEMA to Help Raise Ships
Boats and vessels sunk by Hurricane Katrina soon will be removed by the Coast Guard in 10 St. Tammany Parish waterways, according to Parish President Kevin Davis.
Cummins Power for Russian Towboats
Pella Shipyard in the Leningrad region of Russia will deliver two pusher type towboats to their owner “Best” of Samara, Russia in late summer of 2006. Designed by Spetssudoproekt of St.
Report: 103 to 130 Floating Production Systems Over Next 5 Years
A new study by IMA calls for a major ramp up in orders for floating production systems over the next five years. The 125 page report issued in March provides a detailed…
Aker Yards to Refinance
In order to finance the acquisition in France, already announced, to strengthen the balance sheet as a result of increasing activity, and to make the debt structure more long term…
Aker Yards to Modernize Vessels
Aker Yards and the Finnish Navy have signed a contract for modernizing two mine layers. The order worth $33 million means 200 man years of work for Aker Yards, Rauma…
CG, FEMA to Help Raise Ships
Boats and vessels sunk by Hurricane Katrina soon will be removed by the Coast Guard in 10 St. Tammany Parish waterways. The project by the Coast Guard will begin…
Second P-MAX Tanker Delivered
Concordia Maritime took delivery of the second P-MAX tanker, Stena Provence, from the Brodosplit shipyard in Croatia. French oil company TOTAL for five years. All…
Topgallant Plate Production Implemented at Aker Yards
Aker Yards Germany and Atlantec Enterprise Solutions announce the implementation of Topgallant Plate Production software at the Aker shipyards in Wismar and Warnemunde.
