Jessop to Eyes Shipbuilding Project in Haldia
Jessop, a company of the Ruia Group, is planning to invest about $268m in West Bengal to set up a shipbuilding and repairing project and a coach manufacturing unit for underground railway systems.
SeaBird Awarded Source Vessel Contract
SeaBird Exploration Limited (BVI) has contracted a source vessel to be named to Petroleum Geo-Services (PGS). SeaBird will acquire and convert a vessel for the contract that starts in January 2007.
PetroCan Reports Profit Increase
Petro-Canada reported a 37 percent gain in second-quarter profit on July 27 but cut production forecasts due partly to an outage at its Terra Nova offshore oil field.
Khanh Hoa to Get New Shipyard
South Korea’s STX Group plans to build a $500m shipyard in the central coastal province of Khanh Hoa, Viet Nam News reported. Situated in the Van Phong Economic Zone…
2Q Results from Arlington Tankers
Arlington Tankers Ltd. recently announced its unaudited financial results for the second quarter ended June 30, 2006. The company's total revenues were $17.3m, consisting…
TOP Tankers to Hold Conference Call
TOP Tankers Inc. plans to release its second quarter 2006 results on August 3, before market. That same day, at 11:00 a.m. EDT, management will host a conference call…
Coast Guard: Listing Ship May Be Leaking Fuel
A Mitsui O.S.K. cargo ship listing in rough seas near Alaska's Aleutian Islands might be leaking fuel from its tanks, the U.S. Coast Guard said. According to Bloomberg…
Cruise Ship Readiness Tested in San Diego
An exercise testing how security agencies would respond to a terrorist attack on a cruise ship was conducted in San Diego, Calif. on July 26. The San Diego exercise…
Judge Nullifies State Oil Spill Law
A federal judge has nullified Massachusetts’ landmark Oil Spill Prevention Act, striking down regulations on oil shipping in Buzzards Bay that included mandatory…
2Q Financial Results from Stratos
Stratos Global Corp. announced financial results for the second quarter ended June 30, 2006. For the quarter, the corporation reported revenue of $139.3m, a 50 percent…
Russia to Start Submarine Sea Trials in 2007
Sea trials of a new nuclear missile submarine, the Yury Dolgoruky, are scheduled for 2007, RIA Novosti reported. The Yury Dolgoruky, a Borey-class nuclear missile submarine…
DRS Technologies Gets Navy Contracts
Defense contractor DRS Technologies Inc. received contracts worth $18.3m to manufacture parts to be used in Navy ships. The contracts, awarded by a subsidiary of…
Mazda Cars Stranded on Cougar Ace
The fate of thousands of Mazda Motor Corp. cars is uncertain after the ship carrying them to North America rolled over on its side in the Pacific Ocean. The automaker had 4…
General Maritime Corporation 2Q Results
General Maritime Corporation GMR reported its financial results for the three and six months ended June 30, 2006. The company had net income of $26.1m, or $0.83…
EPA: Low Emission Inboard Marine Engines Developed
Over the past several years, EPA has worked with the marine industry, U.S. Coast Guard, California Air Resources Board, Southwest Research Institute, and others…
NMSAC Recommending that TWIC Project be Slowed Down
The National Maritime Security Advisory Committee (NMSAC), sponsored by the Secretary of Homeland Security, is recommending to the Secretary that the Transportation…
Med Taipei Owners, Operators to Pay $3.25M in Settlement
The owners and operators of the foreign-flagged container vessel Med Taipei have agreed to pay $3.25m to the United States to resolve allegations that the 15 containers…
Cougar Ace Crew Rescued
A Coast Guard HH-60 Jayhawk rescue helicopter and crew from Air Station Kodiak, worked with two Air National Guard Pavehawk helicopters and rescue crews from Kulis Air National Guard Base…
Navy Ship Exits Ghost Fleet
The Orion, an obsolete Navy repair vessel built in 1943, is scheduled to depart on July 27 from the James River Reserve Fleet off Newport News. The Daily Press reported that the U.S.
OSI Geospatial, L-3 Communications Sign Agreement
OSI Geospatial Inc. signed a teaming agreement with the Marine Systems division of L-3 Communications Corporation to pursue opportunities in the worldwide naval market.