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…
GE Gas Turbine Powers First National Security Cutter
GE Marine announces that its LM2500 marine aeroderivative gas turbine now powers the United States Coast Guard’s first National Security Cutter, Bertholf. The cutter recently completed extensive sea trials and was delivered to the U.S. Coast Guard on May 8 by shipbuilder Northrop Grumman Shipbuilding (NGSB).The cutter’s propulsion system consists of one LM2500 gas turbine in a COmbined Diesel And Gas turbine (CODAG) arrangement with two MTU 20V1163 diesel engines.
Evergreen/COSCON Upgrade China/Persian Gulf Services
Evergreen and COSCON will launch a weekly independent service to cover the China/Arabian Persian Gulf route starting from early June 2008. These will replace the CPG service…
Teekay Reports 1Q Results
Teekay Corporation reported net income of $15.2m, or $0.21 per share, for the quarter ended March 31, 2008, compared to net income of $76.4 million, or $1.02 per share…
MAN Diesel Service Center Opens in NJ
MAN Diesel celebrated the grand opening of a new service center in . MAN Diesel PrimeServ joins MAN Diesel North America’s existing facilities in ,, Los Angles and .
Free Gas from Ribcraft
Ribcraft announced a unique solution to raising fuel costs - free gas for the season. "Consumers have been shaken by the spike in fuel prices. There's been a lot…
Marchen Maersk Named at Odense Steel Shipyard
On May 10, Odense Steel Shipyard presented its latest newbuilding, a 7,000 TEU container ship, for the A.P. Moller - Maersk Group. Ingrid Steenstrøm Nielsen, wife of Finn Buus Nielsen…
Biggi Set to Retire from UK P&I Club
Chairman Tullio Biggi has announced he will be retiring from the board of the P&I Club with effect from the annual general meeting in October 2008. Biggi’s announcement…
USS Michigan Crew Hones Skills Prior to Deployment
By Mass Communication Specialist 3rd Class Scott Dagendesh, , Det. USS Michigan (SSGN 727) (Blue) crew Sailors underwent topside line-handling training outside Trident…
DryShips Offers Period for Acquisition of Ocean Rig
DryShips Inc. announced that the Mandatory Offer period for the acquisition of all the outstanding shares of Ocean Rig ASA began today and the appropriate Offer…
This Day in Naval History - May 15
1800 - CAPT Preble in Essex arrives in , Java, to escort merchant ships. 1942 - First Naval Air Transport Service flight across Pacific. 1991 - Amphibious Task Force arrives at…
Evergreen Group Chairman Honored
Evergreen Group Chairman Dr. Foreign Affairs, Karel De Gucht. d'Egmont in Brussels. The award for Dr. contributions and innovations in international transportation and trade.
Air emissions update
In 1997, the IMO adopted the initial version of Annex VI to the International Convention for the Prevention of Pollution from Ships (MARPOL). This Annex is entitled “Regulations for the Prevention of Air Pollution from Ships”. It addresses ozone-depleting substances, nitrogen oxides, sulfur oxides, volatile organic compounds, and shipboard incineration, among other things. While acknowledged as comprehensive…
Offshore Drilling Spends Surges
High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380b over the five year period to 2012; a rise of nearly 60% in comparison…
