Tsakos Releases 3Q Results
Tsakos Energy Navigation, the Greek oil tanker owner, recently reported better-than-expected third quarter earnings on an expanded fleet and a large capital gain.
Vacon Receives Type Approvals
The Finland-based AC drives manufacturer Vacon has received a type approval for marine use from the Norwegian certification body Det Norske Veritas (DNV). Earlierā¦
Submersibles Used to Ferry Narcotics
It was on a routine patrol that the Colombian coast guard stumbled upon an eerie outpost amid the mangroves: a mini-shipyard where suspected drug traffickers were building submarines.
Great Lakes Urge Override of Vetoed Water Bill
The Great Lakes shipping industry is calling on Congress to override President Bush's veto of legislation that will accelerate dredging and authorize constructionā¦
Burger Elects Beilman as VP
Burger Boat Company announced the appointment of Ronald J. position of Vice President Engineering and Design. Joining Burger Boat Company in November 1997 as a Manufacturing/Tooling engineerā¦
Aker Yards to Build AHTS Vessel for DOF Installer
Aker Yards has signed a contract with DOF Installer ASA for building of a highly sophisticated Anchor Handling Supply Vessel (AHTS). The value of the contract forā¦
Tsakos Energy Navigation Releases 3Q Results
Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) reported financial results (unaudited) for the third quarter and first nine months of 2007. third quarter of 2006.
Contracts for Three Exploration Blocks to be Finalized Soon
National Iranian Oil Company (NIOC) exploration manager said the contracts of three of the 17 oil blocks put out to tender will be finalized soon. Reportedly, 23ā¦
First New Tier 2 Engine for European Rivers
Ketels, the Cummins dealer in Gent, Belgium, completed the first European installation of the new Cummins Tier 2 compliant QSK38 M. The engine, delivering 1200 HP at 1800 RPMā¦
Sampson Set to Join Fleet
Sailors man the rails aboard guided-missile destroyer USS Sampson (DDG 102) during a rehearsal for the ship's commissioning ceremony. Sampson is the 52nd of 62 Arleigh Burke-class destroyersā¦
Ocean Tankers Plans $45M Rights Issue
Ocean Tankers Holdings, the only public company quoted in the āShippingā sector of the Cyprus Stock Exchange, is planning a $45m rights issue to part fund the acquisition of eight new oil tankers.
Qatargas Gains Two New LNG Vessels
Two new LNG vessels that will join the Qatargas fleet have been handed over to the ownersā consortium by Daewoo Shipbuilding & Marine Engineering Ltd (DSME) at itsā¦
Tanker Slams Light Tower off NYC
According to the Associated Press, the U.S. Coast Guard said a light tower off New York City has been substantially damaged by a tanker ship that slammed into it.
Electric Boat Corporation Wins $148M Navy Contract
Electric Boat Corporation, Groton, Conn., is being awarded a $148m cost-plus-fixed-fee modification (with performance incentives) under previously awarded contractā¦
Ports Push for Override of Water Projects Veto
As expected, President Bush vetoed the 2007 Water Resources Development Act (HR 1495), which would authorize critically needed legislation to advance water resourcesā¦
General Dynamics NASSCO Starts Construction of Seventh T-AKE Ship
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), recently laid the keel for the seventh dry cargo-ammunition ship in the U.S. Navyāsā¦
ITIC Helps Thwart Attempted Crew Scam
The International Transport Intermediaries Club (ITIC) has uncovered what appears to have been an attempt by an individual to gain illegal entry into the UK by using the services of a ship agent.
Omega Navigation Enterprises Declares Cash Dividend
Omega Navigation Enterprises, Inc. (NASDAQ:ONAV, SGX:ONAV50), a provider of global marine transportation services focusing on product tankers announced that itsā¦
Euroseas Ltd. Takes Delivery of 15th Vessel
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk carriers and container ships and provider of seaborne transportation for drybulk and containerized cargoesā¦
This Day in Navy History
November 5: 1775 - Commodore Esek Hopkins appointed to Commander in Chief of the Continental Navy. 1915 - In AB-2 flying boat, LCDR Henry C. Mustin makes first underway catapult launch from a shipā¦
