Korean Firms Win Qatar LNG Carrier Contracts
The Samsung Heavy Industries Co., has won a $1.14b deal to build four liquefied natural gas (LNG) carriers. The deal from Qatar Gas Transport Co. Ltd. calls for…
Three Shipbuilding Holdings to be Established in Russia
At least three shipbuilding holdings will be established in Russia, Deputy Prime Minister, Defense Minister Sergei Ivanov. He said at President Vladimir Putin’s…
Port Leaders to Question Administration Proposed Funding
At a news conference beginning at the National Press Club, the top two leaders representing public port authorities in the United States will respond to the Bush…
President Bush Visits Caterpillar Facility
Caterpillar Inc. hosted President George W. Bush at the company's manufacturing facility in East Peoria, Illinois, where the President commended Caterpillar for successfully demonstrating that U.S.
Antarctic Cruise Hits Rocks
The MS Nordkapp hit rocks near Deception Island, an ice-capped caldera off the Antarctic peninsula that is a popular stop for cruise ships. It sustained an 80-ft. gash in her bows.
Military Sealift Wins Award forCommand Contracting Team
Secretary of the Navy Donald C. Winter announced Feb. 1 that a Military Sealift Command (MSC) contracting team won a 2006 Navy Competition and Procurement Excellence…
Shipbuilder to Invest $40m in Central Facilities
Vinashin will invest $40m into building ten facilities to support the Dung Quat Shipbuilding Industrial Plant in central Vietnam. Construction of the factories is…
Work begins on Asry upgrade
Construction work on the $20m Arab Shipbuilding and Repair Yard Co. (Asry) slipway project started yesterday. The contract for the project, to be completed by February 2008…
Wärtsilä Acquires Senitec
Wärtsilä signed an agreement to acquire the Swedish company Senitec AB in Varberg. The company is privately-owned and specializes in environmental technology products…
Navios Acquires Kleimar N.V.
Navios Maritime Holdings Inc. (Navios), it has acquired all of the outstanding share capital of Kleimar N.V. for cash consideration of $165.6m, subject to certain cash adjustments.
New Union Agreement for Aker Philadelphia Shipyard
Aker Philadelphia Shipyard and the Philadelphia Metal Trades Council aannounced that a new collective bargaining agreement between the union and the shipyard has…
Tidewater Amends Bylaws and Reappoints Two Directors to Board
Tidewater Inc. has taken action to implement the board declassification proposal which has been sponsored by the Board of Directors and approved by the stockholders at the 2006 annual meeting.
Panama Canal Authority Proposes Changes to Pricing System, Regulations
On January 25, 2007, the Panama Canal Authority's (ACP) Board of Directors gave authorization to proceed with a formal proposal to restructure the Canal's pricing system and certain regulations.
Harris Logs onto Milstar Satellite
Harris Corporation has completed another major milestone in a $1b U.S. Navy communications program competition: logging onto a Milstar satellite using an Advanced…
Vinashin Opens Offshore Unit
Vietnam Shipbuilding Industry Group (Vinashin) officially opened its new subsidiary Vinashin Offshore Industries (Vinaoffshore) in Ha Noi. Vinaoffshore will focus…
Coast Guard Closes Mississippi River After Barge Strikes Bridge
The Coast Guard closed a portion of the Mississippi River after a barge struck a rail road bridge Thursday near Vicksburg, Miss. The barge caught fire after it struck…
New Ship Laid in Astrakhan for Dutch Owner
Lotos Yard (part of MNP Group) has laid the keel for Dutch Rensen Shipbuilding BV. The ship to be delivered by June 2007 is aimed for transporting both conventional dry cargoes and containers.
Coast Guard Calls Off Sailor Search
The Coast Guard called off its search Thursday for an acclaimed computer scientist whose sailboat has disappeared off Northern California, ending a four-day hunt.
Trinidad & Tobago Purchases Second Incat
The government of Trinidad & Tobago has purchased its second Incat Wave Piercing Catamaran in as many months. The former US Army Theatre Support Vessel Spearhead…
EBDG-Designed Project Honored by ACEC
The replacement of three historic river ferries along the Missouri River in Montana has been recognized by the Montana chapter of the American Council of Engineering Companies (ACEC).
