Panama Canal Execs Consider Expansion Benefits
The Panama Canal Authority (ACP), along with the Government of Panama, participated in The Business Roundtable, organized by Economist Conferences, a division of…
Malaysia Launches First Sub
Malaysia’s first Scorpene submarine was recently launched signifying yet another leap in the nation’s pursuit of new technology. KD Tunku Abdul Rahman, named after the country’s first Prime Minister…
Lamorte Burns & Co. Announce New Hires
Lamorte Burns & Co., Inc., the category-leading U.S. firm which represents ship owners/operators, P&I clubs and USL&H clubs announced several key management additions…
Arlington Tankers Announces Results
Arlington Tankers Ltd. (NYSE: ATB) announced financial results for the third quarter and the nine months ended September 30, 2007. For the quarter ended September 30…
ITIC Warns of Forged Emails for Cargo Delivery
Ship agents are increasingly faced with attempts to obtain delivery of cargo using forged emails, according to the International Transport Intermediaries Club (ITIC).
Seoul Shares Rise; STX Shipbuilding Surges
Seoul shares closed 2.3 percent up earlier this week, their biggest daily percentage gain in three weeks, as STX Shipbuilding surged after buying a stake in a Norwegian ship builder…
STX Shipbuilding Gains on Stake Purchase in Aker Yards
STX Shipbuilding Co., the first South Korean yard in China, had its biggest two-day gain in more than a week in Seoul on optimism the purchase of a stake in Norway's…
Northrop Grumman 3Q Profits Soar
Northrop Grumman Corp. (NOC) said third-quarter profit soared 62%, helped by a gain from the dissolution of a joint venture and a strong performance in its ships business.
This Day in Navy History
October 25, 1812 - USS United States (CAPT Stephen Decatur) captures HMS Macedonian. 1924 - Airship, USS Shenandoah (ZR-1), completes round trip transcontinental cruise that began on 7 October.
Bourbon Orders Two from French Yard
Bourbon has ordered for two Multi Purpose Supply Vessels (MPSV) from Socarenam, the French shipyard based in Boulogne-sur-Mer. The design of these vessels is based…
Princess Sails with
LNG carrier “Arctic Princess” is seen leaving the Statoil LNG plant at Melkoya Island, Hammerfest, Norway, on September 20 with the first-ever cargo of liquefied…
New Waterjets Excel in Trials
In mid 2006 Wärtsilä Corporation introduced the new LJX axial water jets for the propulsion of fast vessels with promises of a 25% reduction in transom mounting flange diameter…
FreeSeas Announces Price of Stock Offering
shares of its common stock at a price of $8.25 per share. and Cantor Fitzgerald & Co. Oppenheimer & Co., and DVB Capital Markets are co-managers. to cover any over-allotments…
NNS Wins Navy Deal
Northrop Grumman Newport News, Newport News, Va., is being awarded a $190,704,758 cost-plus-fixed-fee (with performance incentives) option to previously awarded…
Tanzania Offers Six Oil Blocks for Exploration
Tanzania has invited energy explorers to bid for six blocks in the east African nation that is fast becoming a new frontier in the hunt for oil and gas. According…
OSHA, National Shipbuilding Research Program Renew Alliance
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) and the National Shipbuilding Research Program (NSRP) have renewed their Alliance…
Strike Halts Steelmaking and Shipbuilding in Finland
Companies affected by the strike launched by about 3,000 members of the Finnish Union of Salaried Employees (TU) told the Finnish News Agency (STT) that the industrial…
Daewoo Shipbuilding Wins Freighter Order, Close to Topping $17B Target
Daewoo Shipbuilding & Marine Engineering said that its Romanian joint venture Daewoo Mangalia Heavy Industries Shipyard won an order for nine 5,550 TEU freighters (capable of carrying 5…
Oil Worker’s Children Abducted in Nigeria
Two children, Fransisca Ehileme, age six, and her five-year-old brother, Francis, both children of an oil worker, were abducted by gunmen on their way to school…
Too Few Ships Drives Bid Prices for Cargo
The world's fleets of cargo ships are aging, and demand for commodities is surging. That means the cost of shipping will go up, pushing up prices and crimping supply.
