Port Workers Begin Enrollment for TWIC
TSA reported that port workers, longshoremen, truckers and others employed at the Port of Green Bay, the Port of Pittsburgh and Port of Texas City recently began…
Kite-Powered Ship Sets Sail
A newly built cargo vessel was towed by wind propulsion of the Hamburg-based company SkySails on the North Sea near Bremerhaven, Germany for the first time. The…
Sener Wins BAE Contract
Sener IngenierĂa y Sistemas S.A closed a contract with UK-based BAE Systems PLC for the license to use the FORAN CAD/CAM System in its shipbuilding activities. According to the contract…
Noble Reports Record Earnings
Noble Corporation reported 4Q 2007 earnings of $347.4 million, or $1.29 per diluted share, versus $199.7 million, or $0.74 per diluted share, for the fourth quarter of 2006.
Aker Kvaerner, ExxonMobil Extend Contract
ExxonMobil Exploration and Production Norway AS has exercised a two year option in its term contract with Aker Kvaerner in Stavanger, Norway. The contract covers…
Drydocks World Selects Foran
Drydocks World, a subsidiary of Dubai World, is an expanding international player in ship repair, conversion, new building and other marine related activities. Those…
Changes to UK tonnage Tax Unwelcome for Some
Shipping accountant Moore Stephens has warned that new EC requirements will lead to unwelcome changes to the UK tonnage tax regime from April 2008. Sue Bill, a tax partner with Moore Stephens…
Pride Expands Deepwater Capabilities
Pride International is continuing the expansion of its deepwater fleet, following a multi-year contract award from a subsidiary of Petroleo Brasileiro S.A. (Petrobras)…
Strategic Marines to open Mexican Yard
Strategic Marine reported that it will open its first shipyard in the Americas in early 2008 following a joint venture bid with Servicios Navales E Industriales S.A. DE C.V.
Star Bulk Approves Finance Moves
Star Bulk Carriers Corp. (NASDAQ:SBLK) announced that its board of directors has approved a plan for the repurchase of up to an aggregate of $50 million of its Common…
Varun to Invest $400m in Ships
Varun Shipping Company has reportedly set aside $400m for the year to acquire ships, accrording to a report on www.business-standard.com. Varun Shipping is also…
Cosco Shipbuilding on the Rise
Cosco Corp. Singapore Ltd., the shipbuilding and repair unit of China's shipping line, rose in the stock market after it won orders totaling $422 million to convert and build tankers…
Petro-Canada Reports O&G Discoveries
Petro-Canada is reporting oil and gas discoveries at two exploration wells: one in the U.K. sector of the North Sea and one in deep water off Trinidad and Tobago…
S. Korea Refiner Steps Up Single Hull Ban
South Korea's GS Caltex will reportedly ban crude shipments on single-hulled oil tankers from next year, according to a Reuters report, well ahead of international laws that timetable their phase out.
Titan Makes Headway on New Flame Salvage
Titan Salvage, Crowley Maritime Corporation's salvage and wreck removal company, reported that its salvage team on site in Gibraltar responding to the wreck of the…
MSC Announces Award Winners
Fleet replenishment oilers USNS Laramie and USNS Yukon, and rescue and salvage ship USNS Grasp are the winners of Military Sealift Command’s 2008 Capt. David M. Cook Food Service Excellence Awards.
GE V250 is Tier II Compliant
GE Marine received U.S. Environmental Protection Agency (EPA) Tier II emissions compliance certification for its V250 diesel engine family. “The EPA Tier II compliance…
Cummings: Fix Delays in TWIC Enrollment
Yesterday, during a hearing convened to review the progress of the Transportation Worker Identification Credential (TWIC) program, Congressman Elijah E. Cummings (D-Md.)…
Navy Needs More Ships, Balanced Fleet
Chief of Naval Operations (CNO) Adm. Gary Roughead answers questions during the 20th annual Surface Navy Association symposium. Roughead spoke on the important role that ships…
This Day in Naval History - Jan. 24
1942 - During the World War II Battle of Makassar Strait, U.S. destroyers attack a Japanese convoy in the first naval surface action in the Pacific. 1991 - Helicopters…
