South African Navy Floats New Bid for Frigate
The South African Navy may soon get the green light to buy a fifth patrol corvette, or frigate, after the government's go-ahead for fresh negotiations. Highly placed…
Report: China Wants to Bolster Naval Power
The Chinese president, Hu Jintao, has called on top military commanders to build a powerful navy, the state media reported as China continues to spend heavily on a modern, blue-water fleet.
DHS Issues Proposal on Chemical Facility Anti-Terrorism Standards
The Department of Homeland Security (DHS) issued an advance notice of proposed rulemaking seeking comment on draft regulations that would establish chemical facility…
Bad Weather Stalls Oil Clean-up
Bad weather stalled the clean-up and pipeline response efforts 30 miles south east of Galveston, Texas, Wednesday night. Strong winds and large waves have made working conditions unsafe…
DryShips adds Dry Bulk Carriers
Greek shipping company DryShips Inc., which specializes in dry bulk carriers, has sold a pair of older ships and added two newer vessels to its fleet. The company…
Biggest Shipyards May Keep High Prices to Counter Costs
Bloomberg reported that Hyundai Heavy Industries Co. and other shipbuilding companies may succeed in keeping vessel prices at record highs for a third year as they…
Samsung Heavy to Double Steel Purchases From China
According to Bloomberg Samsung Heavy Industries Co. will more than double purchases of steel plate from China next year because it can't get enough from suppliers in South Korea and Japan.
Kongsberg Buys Sense Intellifield
Kongsberg Maritime has acquired 100-percent of the technology enterprise Sense Intellifield AS for approx. MNOK 290 on a debt-free basis. The purchase price may increase…
Six Dead in Offshore Helicopter Crash
Six offshore workers were killed and another missing feared dead after a helicopter belonging to an Aberdeen-based firm ditched into the Irish Sea. The aircraft…
