Farstad Announces Vessel Sales
Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has reached an agreement to sell the Far Crusader and the Far Centurion to Oceanlink Ltd. Delivery…
Barco and Fabricom GTI Team Up
Barco, together with Fabricom GTI, has been selected to install a Vessel Traffic Services (VTS) system, including new radars, for the port of Antwerp. This port project…
Port Canaveral Breaks Revenue Records
Preliminary figures show that total revenues for the Canaveral Port Authority have topped $50m for the first time, reaching the $51 million mark in Fiscal Year 2006.
TugAssist Releases New Version
Edoc Systems Group Ltd., the makers of TugAssist Marine Dispatching Software and a leader in industrial software, has released version 6.0 of TugAssist and renamed…
Glendinning Marine and Yacht Controller Form Partnership
Glendinning Marine Products and Yacht Controller LLC have formed a strategic partnership to offer Glendinning’s Complete Controls Electronic Engine Control system…
Tidewater Reports 2Q Results
Tidewater reported second-quarter earnings of $104.2 million, or $1.86 per share, up from a year-ago profit of $82.2 million, or $1.42 per share. The latest results included a gain of $17.2 million…
Polar Tankers Christens Tanker
Polar Tankers, Inc., a wholly owned subsidiary of ConocoPhillips christened the Polar Enterprise, the company’s newest double-hulled crude oil tanker. Classed by the American Bureau of Shipping…
Congress Offshore Drilling Bill Dims
According to Reuters, the U.S. House of Representatives will not accept legislation passed by the Senate that keeps most U.S. Atlantic and Pacific waters off-limits to energy exploration, a key U.S.
American Superconductor Wins $5.3m NAVSEA Contract
American Superconductor has signed a cost-plus-fee contract valued at $5.3m with the United States Navy's Naval Sea Systems Command (NAVSEA) for the design and optimization…
AMSC Wins Navy Contract
American Superconductor Corporation (AMSC) signed a contract valued at $5.3m with the U.S. Navy's Naval Sea Systems Command (NAVSEA) for the design and optimization…
Tidewater Reports 2Q Results
Tidewater Inc. announced second quarter net earnings for the period ended September 30, 2006, of $104.2 million, or $1.86 per common share, on revenues of $274.0 million.
NOL Appoints Held CEO
The Chairman of Neptune Orient Lines Limited (NOL), Cheng Wai Keung, announced the appointment of Dr. 2006. Dr. Held will also be appointed a member of the NOL Board of Directors.
Shipbuilding in Turkey Grows
Projects implemented by the Turkish Ministry of Transport in the last four years to increase shipyard capacity and efficiency have started to bear fruit, according to a report on www.zaman.com.
Ferry Receives Warning
The BBC reported that a passenger ferry on the River Clyde was caught up in an international war exercise. Operation Neptune Warrior, a training exercise for Nato warships…
Arlington Tankers Announces Unaudited 3Q Results
Arlington Tankers Ltd. announced unaudited financial results for the third quarter ended September 30, 2006. For the quarter ended September 30, 2006, the company's total revenues were $17.6 million…
Ocean Tankers covers IPO, asks for extension
The Financial Mirror has reported that Ocean Tankers Holdings Pcl has covered its initial public offering but has requested an extension until November 8 in order…
50-Year Deal Planned for Cruise Ship Terminal
Reports said that successful bidder for the two-berth cruise terminal at the old Kai Tak airport site in Hong Kong will have the right to operate the terminal and…
J.M. Martinac Sues Ferry System
According to reports, a Tacoma shipbuilder sued Washington State Ferries, claiming the state tried to "obstruct, frustrate and otherwise delay" the process of acquiring…
Report Warns of Attacks on Cruise Ships, Ferry Boats
Limiting maritime security to screening cargo arriving at U.S. seaports is a dangerous mistake, according to a new RAND Corporation report, which suggests that cruise…
Lawrence Graham Warns on Fuel Disputes
London law firm Lawrence Graham LLP says owners and charterers should beware a rash of disputes caused by the recent high bunker prices. Writing in the October issue of Lawrence Graham’s newsletter…
