Vietnam Shipyard Builds Tanker for PetroVietnam
An affiliate of Vietnam shipbuilding giant Vinashin started work on the first of three 105,000 oil tankers under a contract last July with the state-run oil giant PetroVietnam.
Oil Prices Slip
According to reports, oil prices fell by three per cent Monday, slipping below $59 a barrel as traders looked ahead to U.S. supply data due out Wednesday that is…
General Dynamics Awarded $59m Contract for Sub Work
The U.S. Navy has awarded General Dynamics Electric Boat a $58.7 million contract modification for nuclear-submarine modernization and maintenance work. Electric…
Stolt-Nielsen to File Motion Against Indictment
Stolt-Nielsen SA said it plans to file motion to dismiss a grand jury indictment accusing the company of price fixing, as it intends to argue that an amnesty agreement…
STX Shipbuilding wins $373m Order from India
The STX Shipbuilding Co., South Korea's seventh-largest shipbuilder, has won a $373m order to build six petrochemical goods carriers for a shipping company in India.
Matsu Coast Guard Gets New Patrol Boat
The coast guard squad stationed on the island of Matsu has recently been equipped with a new 50-ton patrol boat. the addition of the vessel aims to boost the island's…
Matson Says its China Service is Profitable
Matson Navigation Co. Inc., the Oakland, Calif.-based maritime shipping subsidiary of Honolulu-based A&B posted 7 percent more third-quarter revenue but 7 percent lower operating profit.
TBS Buys $16.1m Ship Carrier
According to reports, TBS International Ltd., an ocean transportation services company, has acquired a bulk ship carrier for $16.1m. The handymax bulk carrier will…
Bollinger Promotes Roussel to VP
Bollinger Shipyards, Inc., Lockport, La., has promoted Cindie Roussel to Vice President of Procurement, Logistics, and Life Cycle Support for the South Louisiana-based shipbuilding and repair company.
Coast Guard Amends Anchorage Regulations for Lower Miss. River
The Coast Guard is amending anchorage regulations for the Lower Mississippi River, prohibiting vessels anchored in the Lower Kenner Bend Anchorage from using or…
Vietnam's Ship Export Value to Climb to $1.7b
According to VNA, Vietnam's Ministry of Trade estimates that the shipbuilding industry can earn $1.7b annually from ship exports by 2010. The Vietnam Ship Building…
Rising Profit Tide for Horizon
AP reported that Horizon Lines Inc. said its third-quarter profit rose, aided by a large tax benefit. For the quarter ended Sept. 24, the company reported net income of $52.9 million…
CNOOC Signs LNG Delivery Agreement
China National Offshore Oil Corp (CNOOC) has signed an LNG delivery agreement with Shell, Total and French energy company Suez. The company has signed the LNG spot…
Oil and Gas Explorer Prepares for $23m Float
Gas and petroleum exploration company L&M Mining expects to launch its initial public offering to raise $23.2m this month. The plan is that the new company, floated on 20c shares…
Naval Submarine School Attack Center Trainer Comes Online
With a snip of the scissors Oct. 25, Naval Submarine School (SubScol) welcomed the latest addition to its attack center trainer inventory, the Submarine Multi-Mission Team Trainer Phase (SMMTT) 3.
Egyptian Dive Vessel Launched
The Red Sea is noted as one of the finest dive destinations in the world. Many visit Egypt’s coastal resorts and hire boats to take them to nearby reefs. With the…
Hawaii to Host 10th Western Pacific Naval Symposium
The U.S. Navy and Commander, U.S. Pacific Fleet have invited naval leaders from 22 countries to Honolulu for the 10th Western Pacific Naval Symposium (WPNS) to discuss…
K-Sea Announces Results for First Quarter of Fiscal 2007
K-Sea Transportation Partners L.P. announced operating results for the first fiscal quarter ended September 30, 2006. The Company also announced that its distribution…
Horizon Lines Names Raymond As Chairman
Horizon Lines Inc., a container shipping and integrated logistic company, on Friday said its board of directors voted to appoint current President and Chief Executive Charles "Chuck" G.
VT Halter Marine to Build Swath Vessel for NOAA
Photo Credit: NOAANOAA announced that VT Halter Marine Inc. of Pascagoula, Miss., will complete the final design and build of a new Small Waterplane Area Twin Hull Coastal Mapping Vessel…
