Korean Shipyards Hold Lead in Market
Yonhap reported that South Korean shipyards have unparalleled competitiveness despite recent challenges posed by Chinese shipyards, industry and government sources said.
Fitch Affirms Carnival's A-Ratings
Fitch Ratings affirmed Carnival Corp.'s issuer default rating, bank credit facility and senior unsecured debt at an investment grade of "A-," due to its strong liquidity position.
ITT Corporation to Pay $100M Penalty and Plead Guilty
ITT Corporation, the leading manufacturer of military night vision equipment for the U.S. Armed Forces, has admitted sending classified materials overseas and will pay a $100 million penalty…
Rand Logistics Purchases Vessel
Rand Logistics Inc. announced that it purchased the Manistee, a self-unloading bulk carrier, for $2.2 million. The Company previously leased the boat from a subsidiary of Sand Products Corporation…
Minesweeper Sailors Make Port Visit to Chinhae Before RSOI / Foal Eagle
Mine warfare ship USS Patriot (MCM 7) is anchored in the waters just off of Hong Kong island as the crew makes a scheduled port visit. Patriot Sailors and embarked…
Hapag-Lloyd is Restructuring Service
Starting end of April, Hapag-Lloyd will operate their own independent service from Northern Europe via Suez direct to Australia/New Zealand that it used to provide with a partner.
SES Signed Contracts for delivery of Electrical and Automation Systems
Bergen, Norway based Scandinavian Electric Systems(SES) has secured orders worth around NOK 350 million for delivery of complete Diesel-Electric propulsion and Automation…
Coast Guard Investigates Barge Allison
Personnel from Coast Guard Marine Safety Unit Huntington, W.Va., are investigating the cause of an allision between the H. Carpenter bridge and the M/V C.J. Queenan in St. Mary's today.
Navy Captain Retires after 26 Years of Service
Navy Capt. Patrick W. Menah, left, and Coast Guard Vice Adm. D. Brian Peterman hold Menah's certificate of appreciation from President George W. Bush at Menah's retirement ceremony…
Bush to speak at Coast Guard graduation Ceremony
President Bush will give three commencement addresses this year, including a speech on May 23 at the U.S. Coast Guard Academy in New London, reported the New Times Live.
Singapore Seeks Update on Granite Barges
Singapore asked Indonesia on Monday for an update on the fate of granite shipments bound for Singapore's booming construction industry that the Indonesian navy detained last month…
Ike’s S-3 Division Receives “Best of Class” Designation
The Supply Department aboard the Nimitz-class aircraft carrier USS Dwight D. Eisenhower (CVN 69) (Ike) received the Atlantic Fleet “Best of Class” designation for…
Aker Yards to Build Supply Vessel
Aker Yards has signed a contract with GDV Shipping AS in Arendal, Norway, to deliver one Aker PSV/ROV 06CD Platform supply vessel. The total value of the contract is approximately $65.5m.
NTSB Says 2006 Fire Caused by Fuel Contact with Hot Engine Surface
The National Transportation Safety Board (NTSB) said that the probable cause of a fire on board a small passenger vessel in Massachusetts on June 12, 2006 was the…
New Orleans – Ferry Allides with Dock
The U.S. Coast Guard said that it is investigating the allision of the Canal Street ferry in New Orleans with a dock. Three people were treated for minor injuries.
Coast Guard Commemorates Women’s History Month
Members of the original Coast Guard Women's Reserve are scheduled to make a presentation Wednesday morning during a Women's History Month celebration at the Coast…
Höegh Autoliners names Perduto as VP
Höegh Autoliners Inc. has announced the appointment of James A. Perduto as Vice President, Marketing. Perduto joins Höegh Autoliners from the United States Mission…
Mitsubishi Makes Smith Maritime Tug Move
For over 20 years, the Elsbeth II, a 110-ft. Smith Maritime tugboat, has done extensive deep sea towing and delivered military vessels around the world. When it…
Former Chairman of Todd Shipyard Dies
John T. Gilbride, a former chairman and chief executive of the Todd Shipyards Corporation, once the largest independent shipbuilding company in the country, died on March 17 at his home in Stamford…
Kerry Pressures Coast Guard to Bid New Deepwater Contract
Senator John Kerry (D-Mass.) introduced legislation that will prevent the Coast Guard from re-signing the current Deepwater program contract with Lockheed Martin and Northrop Grumman.
