Dryship Expands Fleet
bulk carrier, currently under construction in South Korea, for $147.5 million. scheduled for delivery to DryShips in the second quarter of 2008. The acquisition…
Kauai, U.S. Coast Guard Prepare for Superferry's Return
The Hawaii Superferry's fate in Hawaii is uncertain. All eyes are on the legal courts on the island of Maui, who are still in the midst of deciding the legality…
Tatas to Look at Shipbuilding
The Tata group is looking at the possibility of entering the shipbuilding business even as India looks to boost its shipbuilding capabilities to meet growing global demand for cargo carrying ships.
Essar Plans Investment in Vietnamese Oil Exploration Sector
Close on the heels of announcing its plans to invest in a steel plant in Vietnam, Essar group is now looking forward to investing in the oil and gas exploration sector in the country.
Nigerian House Navy Committee Tackles Illegal Bunkering
Illegal oil bunkering is one of the many problems militating against the smooth running of the oil industry in Nigeria. This problem has been acknowledged by the…
MA Senate Approves Nation’s First Comprehensive Ocean Management Bill
The Massachusetts Senate overwhelmingly approved a landmark, first in-the-nation bill to create a comprehensive management plan for the state’s ocean waters. The…
Great Bridge Bypass Struck by Barge
One lane of the VA-168 Great Bridge Bypass was closed recently after a barge hit it. Investigators indicated that Public Works personnel received a call that something…
American Technology’s Enhanced LRAD 1000 Selected by Navy
American Technology Corporation (ATC) (NASDAQ: ATCO), a leading innovator of directed sound products and technologies, announced its enhanced LRAD 1000® has been selected by the U.S.
Ocean Power Technologies Gets Additional $1.9M
Ocean Power Technologies, Inc. (OPTT, OPT.L), a developer of PowerBuoy systems that generate electricity by harnessing the renewable energy of ocean waves, said…
Reefer Shipping Continues to Thrive
Despite reports stating that the specialist reefer industry continues to lose market share to the reefer container operators, cargo volumes are increasing overall…
BAE Systems Wins $19M Navy Contract
BAE Systems has won a $19m contract from the U.S. Navy’s Southwest Regional Maintenance Center to refurbish and upgrade the ARCO (ARDM-5) floating drydock so it…
CQS to Increase Investments in Offshore Rigs
London-based hedge fund firm CQS Management says it plans to double the size of its investment company that specializes in offshore oil and gas rigs. According to a report by the Financial Times…
Russian Plant Commissions Deep Probe Seismic Ship
A Russian shipbuilding plant in Komsomolsk-on-Amur has commissioned a deep probe seismic ship built on the order of the Indian Oil Corporation (IOC). The ship intended…
Aker and OSG Announce Tanker Agreement
Aker American Shipping ASA and Overseas Shipholding Group, Inc. (OSG) announced today that they have signed an agreement pursuant to which Aker Philadelphia Shipyard…
Old Navy Yard Revitalization Begins
Forest City Washington broke ground recently on The Yards, a 42-acre redevelopment on property that used be part of the Washington Navy Yard. The area, formerly called Southeast Federal Center…
Advanced X-ray Imaging System Unveiled
The US Customs and Border Protection (CBP) issued a news release stating that an advanced x-ray imaging system for examining cargo containers has been unveiled in the Port of Charleston.
BHP Billiton Acquires Exploration and Production Rights
BHP Billiton announced that it has acquired an interest in 14 exploration and production licenses offshore the Falkland Islands in the South Atlantic. The Company…
ENSCO International Finalizes Contract
Dallas, Texas-based ENSCO International Inc. reported one of its subsidiaries has entered into a definitive drilling contract for the ENSCO 8502, an ultra-deepwater semisubmersible rig…
Superior Energy Opens Office in Singapore
Harvey, La.-based Superior Energy Services Inc. announced it has opened an office in Singapore to serve as a base of operations for the company’s marine and rental division.
This Day in Navy History
October 4, 1821 - LT Robert F. Stockton sails from Boston for Africa to carry out his orders to help stop the international slave trade. 1944 - Aircraft from USS…
