Judge Nullifies State Oil Spill Law
A federal judge has nullified Massachusetts’ landmark Oil Spill Prevention Act, striking down regulations on oil shipping in Buzzards Bay that included mandatory…
2Q Financial Results from Stratos
Stratos Global Corp. announced financial results for the second quarter ended June 30, 2006. For the quarter, the corporation reported revenue of $139.3m, a 50 percent…
Russia to Start Submarine Sea Trials in 2007
Sea trials of a new nuclear missile submarine, the Yury Dolgoruky, are scheduled for 2007, RIA Novosti reported. The Yury Dolgoruky, a Borey-class nuclear missile submarine…
DRS Technologies Gets Navy Contracts
Defense contractor DRS Technologies Inc. received contracts worth $18.3m to manufacture parts to be used in Navy ships. The contracts, awarded by a subsidiary of…
Mazda Cars Stranded on Cougar Ace
The fate of thousands of Mazda Motor Corp. cars is uncertain after the ship carrying them to North America rolled over on its side in the Pacific Ocean. The automaker had 4…
General Maritime Corporation 2Q Results
General Maritime Corporation GMR reported its financial results for the three and six months ended June 30, 2006. The company had net income of $26.1m, or $0.83…
EPA: Low Emission Inboard Marine Engines Developed
Over the past several years, EPA has worked with the marine industry, U.S. Coast Guard, California Air Resources Board, Southwest Research Institute, and others…
NMSAC Recommending that TWIC Project be Slowed Down
The National Maritime Security Advisory Committee (NMSAC), sponsored by the Secretary of Homeland Security, is recommending to the Secretary that the Transportation…
Med Taipei Owners, Operators to Pay $3.25M in Settlement
The owners and operators of the foreign-flagged container vessel Med Taipei have agreed to pay $3.25m to the United States to resolve allegations that the 15 containers…
Cougar Ace Crew Rescued
A Coast Guard HH-60 Jayhawk rescue helicopter and crew from Air Station Kodiak, worked with two Air National Guard Pavehawk helicopters and rescue crews from Kulis Air National Guard Base…
Navy Ship Exits Ghost Fleet
The Orion, an obsolete Navy repair vessel built in 1943, is scheduled to depart on July 27 from the James River Reserve Fleet off Newport News. The Daily Press reported that the U.S.
OSI Geospatial, L-3 Communications Sign Agreement
OSI Geospatial Inc. signed a teaming agreement with the Marine Systems division of L-3 Communications Corporation to pursue opportunities in the worldwide naval market.
Multraship Orders Carousel Combi-Tugs
Multraship Towage & Salvage ordered two combi-tugs from Malaysian shipbuilder Nautica Nova Shipbuilding & Engineering (NNSE) which feature a Carousel towing system…
OMI Reports 2Q Results
OMI Corporation reported a record Net Income of approximately $131.8m or $1.92 basic and diluted EPS, which included Gain on Disposal of Vessels of $78m or $1.14…
Frontline Orders Suezmax Tankers
Frontline ordered two new Suezmax tankers from China's Jiangsu Rongsheng Heavy Industries Group Co. Ltd. for an undisclosed sum, China Daily reported. The vessels…
Schwarzenegger Opposes Oil Drilling Bill
Gov. Arnold Schwarzenegger has teamed up with an environmental group that endorsed the governor's intention to block Rep. Richard Pombo's offshore oil-drilling legislation.
Singapore’s Offshore Shipbuilding Industry on the Rise
Singapore's shipyards want a bigger share of the offshore shipbuilding industry, eyeing areas now dominated by South Korea, Japan and Norway. According to Reuters…
Ship Capsizes, Nine Feared Dead
Nine fishermen were missing while eight were rescued on July 25 as a fishing boat capsized in open sea five nautical miles off Karachi shore. According to PakTribune.com…
Famous Navy Diver Passes
Master Chief Petty Officer (Ret) Carl Brashear passed away on July 25 at the Portsmouth Naval Hospital at 2:35 pm. He was made famous when the movie "Men of Honor" portrayed his Navy career.
ACL Sees 2Q Profits Tripled
American Commercial Lines reported that the company’s second- quarter profits nearly tripled on strong sales. The Jeffersonville-based company posted net income of $17.7m…
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