Denmark Lends $40m for Vinashin Shipbuilding Equipment
Danish Export Credit Foundation Wednesday clinched a $40m credit agreement with the Vietnamese state-run shipbuilding firm Vinashin to cover advanced facilities purchases.
Navios Announces New Long-Term Time Charters
Navios Maritime Holdings Inc. has secured two new favorable time charter contracts. For the 2004-built panamax Navios Hyperion, a 24-month charter commenced February 26…
Awilco Exercises Option for Jackup Drilling Rig No. 8
Awilco Offshore (AWO) has exercised an option with PPL to build a 375-ft. jackup drilling rig with drilling depth of 30.000 ft. The rig will be named WilConfidence.
Matson and J.B. Hunt Transport Services Partner
Matson Navigation Company (Matson), Matson Integrated Logistics (MIL), and J.B. Hunt Transport Services, Inc. are partnering in new guaranteed, expedited services…
Manitowoc Company Files 2006 Annual Report on Form 10-K
The Manitowoc Company (announced that the company has filed its Annual Report on Form 10-K for the year ended December 31, 2006 with the Securities and Exchange Commission.
NR-1 Arrives in Texas For Gulf Exploration
Nuclear Research Submarine NR-1, towed by Submarine Support Vessel (SSV) Carolyn Chouest, pulled into Galveston, Texas, on Feb. 25 to take part in an expedition…
Ronald Reagan Awarded First Battle "E"
Cruising along side-by-side while pumping thousands of gallons of fuel, Nimitz-class aircraft carrier USS Ronald Reagan (CVN 76) and guided missile destroyer USS…
USNS Sacagawea Delivered to Military Sealift Command
After completing sea trials off the southern California coast, dry cargo/ammunition ship USNS Sacagawea (T-AKE 2) was delivered to the U.S. Navy’s Military Sealift Command (MSC) on Feb. 27.
The Cotai Strip Development Orders Ferries
Austal announces the recent multiple ferry orders are for Venetian Marketing Services Limited (VMSL). This represents ten 48 metre passenger catamaran ferries awarded…
Report: Global LNG Market to Double by 2010
The global market for liquefied natural gas is expected to grow rapidly until the end of the decade, doubling in size over five years to 2010, according to a report…
GlobalSantaFe Open to Merger or Acquisition Prospects
GlobalSantaFe Corp., the world's second-largest offshore driller, is open to merger or acquisition prospects, which would be healthy for the drilling industry, according to the company.
Zim to Buy Cargo Ships for $266.4m
The board of Zim Integrated Shipping Services Ltd. has approved the purchase of two container ships for $266.4 million and has option on a third, according Globe Online.
Bulk Cargo Ship Aground in Chesapeake Bay
Coast Guard Sector Baltimore personnel are attempting to free a 711-ft. vessel carrying coal had gone aground while transiting the Port of Baltimore, according to the Shipping Times.
Lifeboat Makers Applaud GL Service Stance
Lifeboat and davit manufacturer Schat-Harding and other leading manufacturers say that German classification society Germanischer Lloyd is showing its IACS colleagues…
Foss Maritime to pay $1.1m for Oil Damage
Foss Maritime Co. will pay the Suquamish Tribe $1.1 million for environmental and spiritual damage caused by a 2003 oil spill near Edmonds, Snohomish County, reported by the AP.
Panama Canal Authority Releases Q1 Operational Metrics
The Panama Canal Authority (ACP) released first quarter (Q1) operational metrics today for fiscal year 2007. In Q1, there was an increase in net tonnage, total transits…
NSIPS Now Available Fleetwide
The Navy Standard Integrated Personnel System (NSIPS), a Web-enabled pay and personnel management tool, is officially available fleetwide. The final shipboard installation…
Fincantieri Orders Thordon Shaft Bearing Systems
Fincantieri has ordered Thordon seawater lubricated COMPAC propeller shaft bearing systems for a new 116,000GT cruise ship being built for Princess Cruises at the…
Navy Selects Firm to Negotiate for Largest Family Housing Privatization Project
The Department of the Navy selected GMH Communities Trust on Feb. 26 to enter into exclusive negotiations for the design, construction, management, and maintenance of affordable…
Hearing on USCG Budget
On March 8, the Subcommittee on Coast Guard and Maritime Transportation of the House Committee on Transportation and Infrastructure will conduct a hearing on the…
