Teekay Announces Dividend
Teekay Tankers Ltd. announced a cash dividend of $0.70 per share for the quarter ended March 31, 2008. This dividend is payable on May 30, 2008 to all shareholders of record on May 23, 2008.
Ananda Shipyard to Deliver First Ship
Putin Pushes Russian Shipbuilding Reform
Vladimir Putin reportedly has lamented the state of Russian shipbuilding, criticizing the pace of efforts to overhaul the industry, according to a recent AP report.
Energy Efficient Ships Addressed by GL
and operating ships efficiently. An efficient ship is profitable and environmentally compatible. efficiency. engages in the research and development of ship efficiency. Middle East / Africa.
Strategic Marine Wins Tug Deal
Western Australian shipbuilder Strategic Marine has broken new ground by winning a contract to build a 23.9m new generation compact tug – the first tugboat signing in the company’s history. The vessel, which has a 60 ton bollard pull, has been ordered by the Port of Napier – another breakthrough since the Port becomes Strategic Marine’s first New Zealand client. The steel vessel, which will have a deadweight of 105 tons and a free-running speed of 12 knots…
Wärtsilä Expands in Norway
Wärtsilä in Norway has experienced strong growth in recent years, particularly in the offshore segment, a target area on which Wärtsilä's Oslo team will be heavily focused.
Rigdon Christens Slap Shot
The Slap Shot is a 190 x 46 x 18-ft., diesel electric, DP-2 PSV, which features a capacity of 4,000 barrels of liquid mud in an oval, self-cleaning, segregated tank system.
Coast Guard, Sheriff Dept. Sign Agreement
The U.S. Coast Guard and Orange County Sheriff's Department (OCSD) signed a memorandum of agreement on Monday, May 12, 2008. The agreement delineates the specific responsibilities of each agency when responding to maritime incidents in Orange County, Calif. "The purpose of this mutual assistance agreement is to formally solidify the work we already do together in Orange County waters," said Capt. Paul E.
MJP Wins Record Order in S. Korea
The Coast Guard of Taiwan has recently taken delivery of CG hull 123 and CG 125, which form part of Taiwan's 500 ton project. These two new vessels were built by Jong Shyn shipyard and are equipped with 4 x MJP 850 jets provided by Sweden-based MJP Waterjets. Comparing these new waterjets with the CP propellers of the preceding conventional ship, the results are striking. The new MJP propulsion arrangement is said to cost 40% less…
Conrad Announces 1Q Results
Conrad Industries, Inc. announced its first quarter 2008 results and net new business of $21m, including the signing of contracts for the construction of eight barges…
EB Wins Navy Funds
Electric Boat Corp., Groton, Conn., is being awarded a $38,031,795 cost-plus-fixed-fee modification to the previously awarded contract (N00024-96-C-2100) for the…
This Day in Naval History - May 16
1820 - Congress becomes first U.S. warship to visit China. 1919 - Three Navy flying boats begin 1st trans-Atlantic flight from Newfoundland. 1965 - First U.S. gunfire support in Vietnam by USS Tucker.
Marine construction project gone wrong
The US Court of Appeals for the Fifth Circuit ruled that a creditor with a perfected Uniform Commercial Code (UCC) security interest prevails over a creditor with a subrogated claim.
Oil Spill Bill Forwarded
The Senate Commerce Committee approved the Oil Spill Prevention Act, legislation introduced by Senator Frank Lautenberg (D-NJ) and cosponsored by Senator Barbara…
Bill introduced to reauthorize MARAD
Senator Lautenberg (D-NJ) introduced the Maritime Administration Act for Fiscal Year 2009 (S. 2997) to reauthorize the Maritime Administration, and for other purposes.
SCC Meeting Set
The Shipping Coordinating Committee, sponsored by the US Department of State, will conduct several meetings in Washington, DC. On May 22, the Subcommittee on Flag…
