This Day in Naval History - May 22
1882 - Commodore Shufeldt signs commerce treaty opening to trade. 1958 - Naval aircraft F4D-1 Sky Ray sets five world speed-to-climb records, May 22-23. 1967…
Schat-Harding Opens Guangzhou Service Station
Booming demand for lifeboat and davit servicing in China has led leading lifeboat and davit manufacturer Schat-Harding to open a third Chinese service station, this…
Hellespont Announces Management Changes
The Hellespont Group has promoted Spyros Vlassopoulos, formerly managing director of Hellespont Hammonia GmbH & Co to be Director responsible for Chartering and…
Hurlock Resigns from Stolt-Nielsen Board
Stolt-Nielsen S.A. (Oslo Børs: SNI) announced that James B. Hurlock has resigned as a Director of the Company, effective immediately. Jacob Stolt-Nielsen, Chairman of Stolt-Nielsen S.A.
Scrapping Ships: is the EU Dumping Toxic Waste?
Ship breaking in Alang, India. Hundreds of rusting old ships registered in the European Union end up being dismantled on beaches on the Indian sub-continent - with Bangladesh being a key destination.
Deep Down Reports Results
Deep Down, Inc. announced unaudited results for the first quarter ended March 31, 2008, on Form 10-Q filed with the U.S. Securities and Exchange Commission. Deep Down generated revenue of $6…
Ship Finance to Acquire Drillship
Ship Finance International Limited announced that it has entered into an agreement to acquire the newbuilding ultra-deepwater drillship West Polaris, from a subsidiary of Seadrill Limited.
Stauffer, Learmonth Promoted at ESAB
ESAB Welding & Cutting Products named Greg Stauffer to the position of vice president of Sales Support, effective October 15, 2007. Mr. Stauffer will oversee all sales support, including Inside Sales, Application Engineering, Customer Service, Training, Recruiting and Business Systems for the United States. He will be based in Florence, South Carolina. Stauffer received a bachelor’s degree in education from Morningside College. Mr.
Hapag-Lloyd Improves Service between Asia and Mexico
Hapag-Lloyd will expand the weekly Asia- Mexico Express Service (AME) to two weekly services with slightly different rotations from mid-June. every two weeks). - Yokohama.
GE Security to Submit CommerceGuard for Test and Evaluation by CBP
GE Security, Inc., announced plans to submit its CommerceGuard container security solution for participation in the next phase of U.S. Customs and Border Protection…
Transocean Sets Depth Record
Transocean Inc. said that the its jackup GSF Rig 127 set a world record for the longest extended-reach well ever drilled at 40,320 ft. (12,289 m) MD (measured depth) with a 35,770-ft.
QinetiQ Appoints Mellors CFO
QinetiQ Group announced the appointment of David Mellors as Chief Financial Officer. It is anticipated that David will take up his new role with effect from the end of August 2008 when he will also join the QinetiQ Board as an Executive Director. David, 39, joins from Logica PLC, the IT and business services group where he is the Deputy CFO. Previously he was the CFO of Logica’s International division covering operations in North America…
Eagle Bulk Acquires 2 Ships
Eagle Bulk Shipping Inc. million. delivery. Sophocles N. class. market. and borrowings from our $1.6 billion revolving credit facility. revenues in excess of $1 billion.
KDB to Sell Daewoo Shipbuilding
Korea Development Bank (KDB), which has been looking for a lead manager to replace Goldman Sachs, said it would sell Daewoo Shipbuilding & Marine Engineering on its own, Korea Times reported.
Britain to Sign Contract for New Aircraft Carriers
Britain is set to sign a long-awaited $7.8b deal to build two aircraft carriers, which will be the Royal Navy's largest ever ships and are set for 50 years of service.
This Day in Naval History - May 21
1850 - Washington Navy Yard begins work on first castings for the Dahlgren guns. 1917 - USS Ericsson fires first torpedo of war. 1944 - Accidental explosion on board…
Cummings Comment on Marine Safety Hearing
Congressman Elijah E. “This morning we witnessed another example of the pressing need to expand the size of the U.S. Coast Guard. We cannot expect any organization…
Total Goes Deep Off Nigeria
Total reportedly launched its second Nigerian deep water drilling project, scheduled to come on stream in 2012 and expected eventually to yield 180,000 barrels a day, according to an AFP report.
Ship Values Rise
As the world has been beset by a wave of bad financial news -- from the looming financial crisis and credit crunch to the rapidly escalating cost of industrial materials…
Azerbaijan Shipbuilding Plan
A memorandum on construction of a shipbuilding plant was signed by the State Oil Company of Azerbaijan (SOCAR), Azerbaijani Investment Company (AIC) and Korean company STX in Baku on 19 May…
