Novatug Establishes Tugboat Equipment Sourcing Consultancy
Novatug, the Rotterdam-based specialist behind the design of the revolutionary Carousel towing system for tugboats, has established an international tugboat equipment…
General Maritime Corp. Announces 3Q Results
General Maritime Corporation reported its financial results for the three and nine months ended September 30, 2006. The company had net income of $24.0m, or $0.78…
MISC Buys Aframax Tankers
MISC Bhd has bought four Aframax tankers from Japan's Tsuneishi Corp for $260m. The first unit of the 107,500-deadweight tonnage (DWT) tankers will be delivered in 2009…
Wärtsilä Invests in the Steerable Thrusters
Wärtsilä Corporation will invest in the manufacture of steerable thrusters in China and the Netherlands. The investment value is $11m. In China, Wärtsilä will invest…
PPL Shipyard to Build Jackup for Offshore Group Corp.
PPL Shipyard, a subsidiary of SembCorp Marine, has secured a rig building contract worth $155m from Offshore Group Corp. for the construction of a Baker Marine Pacific…
FOE and KNOC in Deal for Drillship
According to Rigzone, Fred Olsen Energy ASA (FOE) has entered into an agreement of intent with the Korean state owned oil company, Korea National Oil Corporation (KNOC) of South Korea…
RTC Acquires Senesco Marine
The North Kingstown-based Senesco Marine, previously known as the Southeastern New England Shipbuilding Corp., has been acquired by Reinauer Transportation Companies LLC…
Conrad Industries Delivers Towboat
Conrad Industries, Inc. is pleased to announce the delivery of the MV Kenneth Eddy to the US Army Corp of Engineers, Huntington District. The primary mission of…
MMS to Hold Public Hearing in Mobile
The Interior Department’s Minerals Management Service (MMS) will hold a public hearing in Mobile, Alabama on Wednesday, November 1, 2006 to solicit comments on the…
Taiwan's Matsu Receives New Patrol Boat
According to reports, the coast guard squad stationed on the island of Matsu has recently been equipped with a new 50-ton patrol boat that is expected to greatly…
Tanker Construction Begins in Dung Quat
VNA reported that Dung Quat Shipbuilding Industry Corporation on October 30 began building a 104,000-tonoil tanker, the largest of its kind built in Vietnam so far.
Tanker Construction Begins in Dung Quat
VNA reported that Dung Quat Shipbuilding Industry Corporation on October 30 began building a 104,000-tonoil tanker, the largest of its kind built in Vietnam so far.
Maritrans Reports 3Q Results
Maritrans Inc., announced its third quarter financial results. Net income for the quarter ended September 30, 2006 was $4.0 million, or $0.33 diluted earnings per share, on revenues of $49.2 million.
AAPA Seminar be Held in Memphis
The American Association of Port Authorities—the leading alliance of public ports in the Western Hemisphere—on Nov. 14-16, 2006, in downtown Memphis, will hold its…
Reinauer Says it Has Acquired Senesco Marine
According to Providence Business News, Senesco Marine has been acquired by Reinauer Transportation Companies LLC. Terms of the deal were not disclosed. SENESCO has…
GA Reduces Trans Pacific Capacity
Following a meeting in Singapore, the CEOs of the Grand Alliance (GA) member lines engaged in the Trans Pacific trade, Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK)…
Report: Need for More Smaller Korean Yards Seen
According to Ariang News, several major Korean shipyards dominate the world shipbuilding market, but it looks like the industry could use more smaller players. Only…
Leon to Retire as Royal Caribbean Cruises CFO
Royal Caribbean Cruises Ltd. him as CFO. Leon has been the company CFO since 2003, when he joined the company. the end of 2006. operations and revenue-performance management. systems and procedures.
Ships Collide in English Bay
The Vancouver Sun reported that winds of up to almost 43 mph tore through the Lower Mainland, knocking out power to 14,000 homes and causing the collision of three large cargo ships in English Bay.
Petronas to Explore for Hydrocarbon in Timor Sea
Petroliam Nasional Bhd (Petronas) said it will be exploring for hydrocarbon with three partners in the joint petroleum development area between Timor Leste and Australia.
