India's Varun to Build LNG Carrier Fleet
India’s fourth largest private sector shipowner, Varun Shipping Co, plans to raise 536m in an effort to expand business, mostly in the carriage of liquefied natural gas.
MISC Goes for Cost Efficiency
MISC Bhd expects shipping rates to be soft over the next two years and is focusing on improving cost efficiency, said company chairman Tan Sri Mohd Hassan Marican.
Oil Spill as Ships Collide
A Japanese tanker spilled about 4,365 tons of crude oil in the eastern Indian Ocean near the Nicobar islands following a collision with a cargo ship, the tanker's operator announced Tuesday.
Washington State Bolsters Spill Prevention and Response
In anticipation of adopting new safeguards regarding oil transfers over water and early spill response requirements, the Department of Ecology (Ecology) has added new spill prevention inspectors…
Frontline Sells Share in Gen. Maritime, Orders Ships
The 3.86m shares were sold at $40 per share to World Wide Shipping, and Frontline will record a gain of about $9.7 million in the third quarter from the sale, it said in a statement.
Maersk Names New Containership
On August 12, Odense Steel Shipyard presented its latest newbuilding, an 11,000 TEU container vessel, for the A.P. Moller - Maersk Group. Ane Mærsk Mc-Kinney Uggla…
NASSCO Holds Naming Ceremony for Final BP Tanker
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, held a ceremony to name the fourth and final double-hulled oil tanker it is building for BP Shipping Ltd., the Alaskan Legend.
MISC Profit Down 29%
MISC Bhd reported that first quarter net profit dropped 29 percent on lower freight rates for its liner and petroleum divisions. The industry is expected to be either…
MISC Looks for Takeover Targets
MISC Bhd, the world's largest carrier of liquefied natural gas (LNG), is on the lookout for takeover targets to help it grow amid softer shipping rates, according…
Double Hull Tankers Shares Slide
Shares of Double Hull Tankers Inc., shipper of crude oil, fell on Monday after a Citigroup analyst said the stock was overvalued, the Associated Press reported.
Nuclear-powered Savannah to get Makeover
Savannah, an old nuclear-powered ship that spent time in Charleston Harbor as a tourist attraction, is getting a face lift for a possible new tour of duty, according to a report on www.charleston.net.
Todd Shipyards to Overhaul CVN-72
Todd Shipyards Corporation said that the U.S. Navy has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation, a $10,949,272 modification to…
Kone Wins Cruise Ship Order
Kone received an order from Celebrity Cruises to design, supply and install lifts for three passenger cruise ships. Kone is to supply a total of 69 units including passenger elevators…
Viking Supply Ships Acquires SBS Marine
Viking Supply Ships AS (VSS), a wholly owned subsidiary of Kistefos AS, has acquired a Scottish-based platform supply vessel company in a strategic move designed…
Navy Tug Fights Fire Aboard Freighter in Liberia
USNS Apache (T-ATF 172) responded to a shipboard fire aboard a commercial freighter while repairing the port of Monrovia, Liberia’s, damaged commercial pier and surveying the city’s harbor, Aug. 10.
Coast Guard Monitors Sunken Tow Boat
Coast Guard Marine Safety Unit Port Arthur is monitoring the pollution threat and structural integrity of the 132-foot, U.S.-flagged towing vessel Mama Lere, which…
Sen. Lott to Speak at Christening of Makin Island
Pascagoula, Miss. shipyard since Hurricane Katrina, Sen. Miss. August 19, 2006 christening of Makin Island (LHD 8). travel at speeds up to 20+ knots. It will carry a crew of approximately 1…
Knightsbridge Tankers Announces 2Q Results
Knightsbridge Tankers Limited reported net income of $7.9 million and earnings per share of $0.46 for the second quarter of 2006. The average daily time charter…
Hyundai Heavy Industries Says Profit Up
Hyundai Heavy Industries Co. last week posted a more-than-fivefold increase in second-quarter net profit amid higher ship prices and lower steel costs. Hyundai Heavy…
New Speed Limit to Save Whales?
Federal officials are considering speed limits for large ships that could reduce collisions with whales, according to a report in the Baltimore Sun. The National…
