Frontline to Sell Vessel for $141.5m
Frontline Ltd. said on Tuesday it agreed to sell the vessel VLCC Front Beijing for gross sale proceeds of $141.5 million. Frontline said the transaction will generate…
Cleveland Waterways Management Conference
The US Coast Guard stated that it and the Great Lakes Regional Waterways Management Forum will sponsor a waterways management conference in Cleveland on September 27 and 28.
House OKs $70b in funding
With Iraq alone costing about $8 billion a month, another infusion of funds will be needed next spring. Opinion polls show the war continues to be unpopular with voters…
New Drydock for PR
San Juan Towing & Marine Services announces the upcoming arrival of the floating dry dock PERSEVERANCE which has been purchased for service in Puerto Rico. Puerto…
Halifax Shipyard to Build Cruise Ships
The CBC has reported that Halifax Shipyard has signed contracts to build two luxury cruise ships for Pearl Seas Cruises, a Connecticut-based company. The value of the deal…
Ultrapetrol Files for $175m IPO
According to the AP, shipping company Ultrapetrol (Bahamas) Ltd. plans to offer 12.5m shares at $13 to $15 each in a bid to raise about $175 million in its initial public offering.
Cochin-Dubai Ferry Service on Hold
According to UNI, efforts of a Dubai shipping company to start a ferry service from here to Cochin, which would offer cheap fares and huge baggage allowance, has been put off due to technical reasons.
NOAA Awards Grants for Community-Based Debris Projects
$1,029,368 in grants for 12 community-based marine debris prevention and removal projects. These projects are funded by the NOAA Marine Debris Program and administered by the NOAA Restoration Center.
Honduras Takes Delivery of Incat Fast Ferry
Honduras-based operator Safeway Maritime Transportation Co., has taken delivery of its first Incat Crowther catamaran ferry for operation on the north coast of Honduras.
KOTC to Order Mega Vessels
According to AFP, Kuwait Oil Tanker Co. (KOTC) will soon order four giant oil tankers expected to cost some 500 million dollars, chairman Abdullah Al Rumi said on Wednesday.
Russian Carrier to Rejoin Navy by end of 2006
According to reports, the Admiral Kuznetsov, Russia's only aircraft carrier, will join the Northern Fleet by the end of the year after modernization, the Navy's chief said Wednesday.
Report: Mega Ships Have Implications for Caribbean Cruise Ports
With the era of larger cruise ships, the Caribbean has been told that there could be implications for their popular ports of call. Chief Executive Officer of the St Kitts shipping agent…
DHS Awards $168m in Port Security Grants
The Department of Homeland Security issued a press release stating that $399 million is being awarded to secure critical infrastructure. As detailed in the FY2006 Infrastructure Protection Program…
Washington State- New Oil Spill Prevention and Response Rules
The Washington State Department of Ecology issued amendments to its regulations regarding oil spill prevention and response. The oil spill contingency plan rules…
Security Program to Cost Ports
Port operators and freight companies will have to pay up for tightened security checks that will extend full background checks to all workers entering U.S. maritime…
Navios President to Retire
AP has reported that Greece-based Navios Maritime Holdings Inc., a dry bulk shipper, on Tuesday said President Robert Shaw will retire and named Ted Petrone to take his place.
Wärtsilä, CSIC and MHI in Joint Venture
Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) are establishing a joint venture to manufacture large, low-speed marine engines in China.
Wärtsilä Receives Order for 50 Propellers in China
At the beginning of September the joint-venture company Wärtsilä CME Zhenjiang Propeller Co. Ltd. in China received an order for 50 fixed pitch propellers (FPP) to be delivered to two shipyards…
