S.Korea Dongkuk Cuts Rebar Prices
According to a Reuters report, South Korea's third-largest steelmaker, Dongkuk Steel Mill, said on Dec. 1 it would cut prices of rebar by 11 percent to bring prices…
Hanjin Refuses Safety Training Offer
According to a report from the Philippine Daily Inquirer, Korean shipbuilding firm Hanjin Heavy Industries and Construction Phils Inc., which has been plagued by work site deaths and injuries…
Anglo Dutch Award for Damen Shipyard
On Tuesday, November 25, Damen Shipyards Gorinchem was awarded the Heineken Trophy, an initiative by the Netherlands British Chamber of Commerce. The Trophy was presented to Erik van der Noordaa, COO of the Damen Shipyards Group, by Jean-François van Boxmeer, Chairman and CEO of Heineken. In the presence of the British Ambassador the prize was awarded to Damen as a result of an increasing level of export of vessels to the United Kingdom over a sustained period of time.
This Day in Naval History – Dec 1
1842 - Execution of three crewmembers of USS Somers for mutiny; Midshipman Philip Spencer, Boatswain Samuel Cromwell and Seaman Elisha Small. 1921 - In first flight of airship filled with helium…
Signal Dock - Thunder Hawk Hull Repair
Signal International announced that SBM-Atlantia’s Thunder Hawk is currently drydocked at the company’s Port Arthur Texas facility for hull repairs. The huge structure arrived at Port Arthur after being transported from Singapore on a heavy lift dry-tow vessel. Drydocking of the newbuild semi will enable Signal to repair damage that was done to Thunder Hawk’s pontoons before leaving Southeast Asia.
Suez Canal Income May Drop Due to Piracy
A Nov. 25 report from the Associated Press said that the Suez Canal, a shortcut between East and West for nearly 140 years, is facing an enormous challenge, as the…
Danaos Corp Share Repurchase Program
Corporation (NYSE: DAC) announced that its Board of Directors has approved a share repurchase program and authorized the officers of the company to repurchase, from time to time…
Dover Port - 3 More Days of Strike
Hundreds of Unite members working at the Dover Harbour Board will begin a further three day strike starting 7:00 a.m. on Thursday, Nov. 27. They will be demanding that their jobs not be outsourced.
Korea Ship Exports to Hit $53b in 2009
According to a report from KBS, Korea’s domestic shipbuilding industry will lead the nation’s exports in 2009 as it is expected to exceed the $50b mark in exports for the first time. (Source: KBS)
Rig Rates Down 10 Percent
According to a Nov. 25 report from Business Standard, the current global credit crisis and an over 63 percent fall in crude oil prices in the last four months have…
Star Bulk 3Q, 9 Mo Results
Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on transportation of dry bulk cargoes, announced its operating results for the third…
Kotug Christens 3 Tugs
SNRH, the French subsidiary of the European tugboat company Kotug, christened three identical tugs in Le Havre during a ceremony which took place in front of their office at the beginning of this month. Under the attention of the Dutch ambassador H.E. Mr. Siblesz, clients and port officials the three tugs, SD Seine, SD Loire and SD Gironde where christened respectively by Ms. Veronique Lepine of Hapag Lloyd, Mrs. Carole Collot-Parison of Mitsui OSK Lines and Mrs.
Grand Alliance Changes Service
For this purpose the South China Express Service (SCE) of the GA will be temporarily adjusted to cover also the additional ports of the New York Express Service (NYX) of the NWA.
Costa Container to Become Hamburg Süd
With effect from 1 January 2009, the Hamburg Süd shipping group is replacing its Costa Container Lines (CCL) brand with the Hamburg Süd name in order to present itself worldwide under a unified brand.
Japanese Shipbuilders Sign Aveva Contracts
Aveva (LSE:AVV), supplier of engineering IT systems for the plant and marine industries, announced that several Japanese shipbuilders -- Namura Shipbuilding, Universal Shipbuilding Corporation…
Tackling Piracy at Sea, March 18-19
Somalia is now the backdrop against which increasing levels of piracy are seen. With both the frequency and violence of attacks thought to be growing, there is mounting pressure on governments…
New England – USCG Operation Big Tow
Coast Guard personnel throughout New England recently launched an operation to ensure that commercial tugs are following rules, regulations and licensing procedures.
FMC Compromise Agreements
On Nov. 24 the Federal Maritime Commission summarized compromise agreements reached with various ocean transportation intermediaries with respect to alleged violations of the Shipping Act of 1984.
DRBOSAC – Meeting
The Delaware River and Bay Oil Spill Advisory Committee (DRBOSAC), sponsored by the US Coast Guard, will meet in Philadelphia on December 17. This will be the inaugural meeting of the Committee…
DOD –Carriage of DOD Cargo
The Defense Acquisition Regulations System of the Department of Defense (DOD) promulgated a final rule establishing evaluation criteria for use in obtaining carriage…
