What Goes Up …
Global credit woes have largely had little affect on the historic shipbuilding orderbook … yet. According to a Bloomburg report, there are signs that shipbuilding’s bull run may be coming to an end, fueled by the largest credit-market losses ever, which is starting to make attaining credit more difficult and putting in peril a number of shipbuilding orders. According to the Bloomburg report, as much as $14 billion in ship orders is threatened by cancellations and delays.
This Day in Naval History - May 12
1780 - Fall of Charleston, SC; three Continental Navy frigates (Boston, Providence, and Ranger) captured; and one American frigate (Queen of France) sunk to prevent capture. 1846 - U.S.
Marshall Islands Accedes to Key IMO Conventions
One of the world's largest shipping nations, the Republic of the Marshall Islands, has acceded to five major IMO Conventions. Mr. Joseph A. Bigler, Counsellor to the Maritime Administration…
Cantwell, Cummings, Snowe Express Concern Over DD-250
Senators Maria Cantwell (D-Wash.) and Olympia Snowe (R-Maine), Chairwoman and Ranking Member of the Senate Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard, and Congressman Elijah E.
Jo-Kell Earns LEAN Enterprise Certification
Jo-Kell Inc., an electrical distributor and engineering company, completed their LEAN Enterprise Certification on April 11, 2008. Jo-Kell has been implementing…
ZF Marine Named Supplier of the Year
ZF Marine has been chosen as one of Mercury Marine’s suppliers of the year. Each year Mercury Marine evaluates over 1,500 suppliers, and selects only 12 to receive this award. AJ Halavacs, Pleasure Craft Segment Manager, and John Shea, Account Manager, both from ZF Marine were on hand to receive the award from Mercury Marine. It was presented last month at the Mercury Marine Supplier Conference in Sarasota. Fla.
First of Five ATBs Nearing Completion at Penn Maritime
With delays in getting parts for the assembly there was a hold up in the delivery of the first of Penn Maritime’s new tugs from Thoma-Sea Boatbuilders. Now the first of five…
Bourbon Q1 Sales Increase
Bourbon SA said sales jumped 21.4 percent to 211.7 million euros in the first quarter from 174.4 million a year ago, equal to 34.5 percent growth at constant exchange rates…
TEN to Announce First Quarter Results
Tsakos Energy Navigation Ltd. (TEN) will report earnings for the first quarter of 2008 prior to the open of the market on Wednesday, May 21, 2008. That same morning, at 10:00 a.m.
Keppel Clinches Contracts
Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine), has secured two contracts worth $153.4m. The first contract was awarded by a repeat customer, Global Offshore International Ltd (Global Offshore), for a derrick pipelay vessel. This is a multi-purpose construction vessel suitable for worldwide operations. With accommodation up to 264 persons onboard…
Kongsberg Supplies Custody Transfer System for LNG Carrier
Dapeng Sun, the first LNG carrier to be built in China was delivered to its owner in Shanghai at the beginning of April 2008, with Kongsberg Maritime's K-Gauge Custody Transfer System (CTS) onboard.
Cruise Ship Docks Safely After Crack in Hull
A Greek cruise ship carrying more than 1,200 passengers and crew docked safely at the Aegean island of Milos after discovering a large crack in its hull, Reuters reported.
FAST Program Achieves Successful Critical Design Review
Atlas Elektronik UK, with its Atlas-QED consortium partners ITT Corporation (formerly EDO Corporation) and QinetiQ, has achieved a successful Critical Design Review…
CARB Discontinues Diesel Engine Enforcement
The California Air Resources Board (CARB) issued a notice stating that it will discontinue enforcement of the Ocean-Going Vessel Auxiliary Diesel Engine Regulation.
Austal Awarded FCL by DoD
Austal USA has been awarded a facility clearance (FCL) by the US Department of Defense. The achievement elevates Austal USA to a new level of US defense supplier, allowing the shipyard to Prime for future classified US Government shipbuilding projects. The clearance was awarded after Austal USA entered into a Special Security Agreement (SSA) with the US Government following a process spanning more than three years…
Intergraph Korea Acquires TechServer
Intergraph Korea Ltd. has acquired all the shares of TechServer Corp., a Seoul-based software and services company specializing in automated drafting, data exchange…
MSC Ships Complete at-Sea Offload
Two Military Sealift Command ships completed the at-sea offload of more than 350 pieces of equipment and supplies belonging to the 3rd Marine Expeditionary Force today in . The cargo, including wheeled and tracked vehicles, ammunition and supplies, will be used in Cobra Gold – an annual exercise designed to promote regional stability and security throughout . Maritime prepositioning ships USNS 1st Lt. Baldomero Lopez and USNS 1st Lt. Harry L.
USNS Kanawha Helps Rescue Crew
Military Sealift Command fleet replenishment oiler USNS Kanawha assisted the crew of a ship in distress in the , May 4. Dunia, a 15-meter dhow with a crew of 10…
Omega Revises the Record Date of its First Quarter
Omega Navigation Enterprises, Inc. announced that due to a public holiday on May 19, 2008 the Company is changing the record date pertaining to its first quarter…
HMS Bounty Travels Through Panama Canal
The H.M.S Bounty transited the through the Pedro Miguel and Miraflores Locks as part of a world wind promotional tour celebrating the ship’s historic significance. waters for the first time since the 1990’s, the Bounty left , on April 6, and is scheduled to visit the U.S. West Coast cities of , and , among others, before arriving in for the 220th Anniversary of its original arrival. Recognizable…
