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.
Danaos Orders Five Containerships
Danaos Corporation (NYSE: DAC) announced that it has ordered five 12,600 TEU containerships. All five Post Panamax containerships will be built by Hyundai Samho…
General Dynamics Awarded $10M Navy Order
General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), has been awarded a task order to modernize the telephone switch systems for Naval Air Station Jacksonville…
Bluewater International Ferry Shutdown Possible
Southern St. Clair County residents and tourists traveling to Canada may have to go the long way around - through Port Huron and over the Blue Water Bridge - to get to Ontario and back.
Shell-ExxonMobil JV To Divest Oil and Gas Fields
The Nederlandse Aardolie Maatschappij joint venture between Royal Dutch Shell PLC (RDSA) and Exxon Mobil Corp. (XOM) intends to divest oil and gas fields in the Dutch part of the North Sea…
