Seoul Stocks Close Lower as Shipbuilders Fall
Foreigners bought a net 58 billion won worth of shares listed on the main board, and local institutions sold a net 135b. Local retail investors bought a net 69 billion won, Reuters reported.
Daewoo, Galfar Win $442m Oman Port Deal
has awarded Daewoo Shipbuilding and local firm Galfar GECS.OM a construction contract worth $442.2m at Duqm port, a Galfar official said. 's coastal area of Duqm…
This Day in Naval History - April 30
From the Navy News Service 1798 - Congress establishes Department of the Navy. 1975 - falls to North Vietnamese forces.
President Bush Presents MSC Executive Director with Civil Service Award
Richard S. Haynes, executive director of the U.S. Navy’s Military Sealift Command, was recognized by President Bush at an afternoon ceremony at the White House. Haynes and 45 other Senior Executives Service members received the nation’s highest civil service award - the 2007 Presidential Distinguished Rank Award. Less than one percent of the 7,550 members of the senior executive workforce who exemplify the ability to lead change and people…
Tognum Has a New Major Shareholder
approximately 22% stake in Tognum AG – which it held through the company Seeker Rekees S.à r.l. – to Daimler AG. Daimler’s Supervisory Board approved the acquisition of this shareholding. Tognum AG.
Hapag-Lloyd Ship Named
Malaysia for the first time. Adrion, wife of Adolf Adrion, member of the executive board of Hapag-Lloyd AG. “Chicago Express”, which entered service in February 2006.
Seacor Continues to Build Monohulls
In spite of the success of their catamaran crewboats, Seacor continues to build their conventional crewboats. 464, to be named Alice G. McCall, is currently building at Gulf Craft in Patterson . The Alice G. McCall is due for delivery in August of this year. The 190 x 34-ft. boat will be followed by two more conventional vessels in 2009 and 2010. The DP2 classed Alice G. McCall will be powered by five 1800 hp Cummins KTA50-M2 main engines for a total of 9000 hp.
OSD Opens China Design Office
The Offshore Ship Designers group has opened a design office in . Initially staffed with six naval architects it will provide design resources to OSD’s European…
263 Animals Rescued by the Panama Canal Authority
As part of the Panama Canal Authority’s (ACP) efforts to protect wildlife as the Expansion Program moves forward, more than 263 animals have been rescued, examined and relocated to protected areas near the Canal. During the execution of the first two dry excavation contracts for the Pacific locks access channel, the ACP has surveyed more than 880 acres for endangered wildlife and recovered several species of mammals and reptiles.
Bollinger Receives Safety Award
Bollinger Shipyards, Inc. has been presented the Award For Excellence In Safety by the Shipyard Council of America (SCA). The award was presented during the association’s April 7, 2008 general membership meeting held in The Award For Excellence In Safety is given to member companies who have an end-of-year Total Recordable Incident Rate (TRIR) that is below the total SCA rate. In 2007, SCA members set their lowest rate ever with a TRIR of 5.86. Bollinger’s rate for 2007 was 3.20.
Pushboats Near Completion
A Progressive Barge Lines 2400 hp 75 x 28-ft. pushboat has a bright new paint job and is nearly ready to be swung into the canal. A second boat, which was being built at Eymard Bros. Towing’s yard at along the opposite side of the canal, was gone from the yard. It is back down the canal at where it is being finished out. Lee Leboeuf had purchased the boat with all the steel work completed and the engines installed.
WSDOT to Move Forward with Ferry Construction
Gov. Chris Gregoire announced that the Washington State Department of Transportation (WSDOT) will move forward with construction of two 64-car Home style vessels…
LA to Break Ground on Port Police HQ
On May 1, will address a longstanding need for the expanding police force at ’s largest container port. Councilwoman Janice Hahn, Port Police officials and senior…
Austal Launches LCS2
The launch of (LCS 2) closely follows the recent delivery of the first Hawaii Superferry vessel. A 107 metre vehicle and passenger carrying aluminum catamaran, Superferry is Austal ’s largest construction project to date and is the largest high speed aluminum catamaran built in the . A second identical ferry is currently under construction and is scheduled for launch in September 2008. The recent…
USCG and EPA Develop Initiative for Ballast Water Management
The US Coast Guard and the Environmental Protection Agency (EPA) have developed an initiative for domestic ballast water management that would both legislatively…
This Day in Naval History - April 29
1814 - USS Peacock captures HMS Epervier. 1898 - warships engage Spanish gunboats and shore batteries at . 1944 - Fast carrier task force (12 carriers) commence two-day bombing of Truk.
CNO Speaks to Naval Aviators at Maritime Patrol and Reconnaissance Symposium
By Mass Communication Specialist 2nd Class (SW) Rebekah Blowers, Chief of Naval Operations Public AffairsChief of Naval Operations (CNO) Adm. CNO discussed the vital role of maritime patrol and reconnaissance to the maritime strategy, emphasizing the need to work with other navies. "Yours is a community that gives us that global presence," said Roughead. CNO spoke about his three priorities to maintain current readiness…
Admiral Arun Prakash & D.T. Joseph to Speak at MSI 2008
Informa India announced that Admiral Arun Prakash, Former Chief of the Naval Staff; D.T. Joseph, Former Union Secretary of the Ministry of Shipping; Vice Admiral John C De Silva…
Shell to Sign Agreement with AMO
On April 30, Richard Mellor, General Manager for Ship Management, Shell Trading will sign a historic crewing agreement with Tom Bethel, National President American Maritime Officers union (AMO).
400 in 10: Water Bus Market Emerges
Regional demand for fast vessels carrying between eight and up to 300 passengers could exceed 400 over the next 10 years, said shipbuilders from countries such as the Netherlands, Turkey, Norway and Australia hoping to win a share of orders. “We are anticipating there is going to be a huge demand for passenger transport of all kinds,” said Martin de Bruijn, Middle East sales director for Damen Shipyards…
