Horizon Restructuring Plan
Horizon Lines, Inc. (NYSE: HRZ) announced a non-union workforce restructuring initiative targeted at reducing annualized labor-related costs by an estimated $7m to $10m.
Shipping Leaders Debated Economic Impact
The impact of the current financial crisis topped the agenda at the inaugural Seoul International Maritime and Shipbuilding conference held during the week of Nov.
Abu Dhabi, Bahrain Navy Contract
Abu Dhabi Ship Building has been awarded a contract to build four landing craft for the Bahrain Naval Forces. The multi-million dollar contract was won in the face of competition from international shipyards. This is the second Bahraini order for Abu Dhabi Ship Building (ADSB), the only dedicated naval shipbuilding and repair facility in the Arabian Gulf. The new contract, awarded by the Kingdom of Bahrain Defense Force…
ST Engineering $200m Contract
Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a contract in a…
Wesmar Roll Fin Stabilizers
When fisherman Bill Hammer installed Wesmar’s Roll Fin Stabilizers on his 56-foot Longliner, it was the first known installation of an active fin stabilization system on a fishing vessel anywhere in the world. Hammer estimates that the stabilizers saves him 10-15% in fuel costs, saying with the stabilizers he can back off the throttle by about 100-150 RPM and still maintain his original speed, therefore increasing efficiency.
CGGVeritas to Acquire Wavefield
CGGVeritas (ISIN: 0000120164 - NYSE: CGV) announced today it will make a voluntary exchange tender offer for 100% of the shares of Wavefield Inseis ASA ("Wavefield") (OSE: WAVE).
ION – Polarcus Contract
ION Geophysical Corporation (NYSE:IO) announced that its Marine Imaging Systems group was awarded a fleet-wide contract by The Polarcus Group of Companies (Polarcus)…
New 4000m Sonar System
BlueView Technologies, Inc., provider of miniature multibeam imaging sonar, has launched a new 4000 meter rated version of its acoustic underwater vision systems.
Inmarsat 3Q Results
Inmarsat Holdings Limited, a wholly-owned subsidiary of Inmarsat plc (LSE: ISAT), provider of global mobile satellite communications services, reported unaudited consolidated financial results for the 3 months ended 30 September 2008. Andrew Sukawaty, Inmarsat's Chairman and Chief Executive Officer said, "Our business continues to generate strong revenue and cash flow growth across all of our market sectors.
Kidnapped Bourbon Crew Released
Bourbon announces that its 10 crew members kidnapped in Cameroon on 31st October on board the Bourbon Sagitta were released on Nov. 11. They are now safe in Yaoundé.
12 of 20 Cruise Ships Cited for Pullution
According to a report from the Anchorage Daily News, an analysis by state regulators shows that more than half of the cruise ships that discharged wastewater regularly…
Inquiry into Russian Sub Tragedy
According to a report from the Associated Press, Russian officials reported that the Russian Akula-class submarine was undergoing sea trials Saturday with 208 people…
New Navy Contract
General Dynamics, Electric Boat, Groton, Conn., is being awarded a $6,290,977 modification to previously awarded contract (N00024-06-C-4003) for Nuclear Regional…
MSC Ships & Crew Honored
The masters and crews of three Military Sealift Command ships were honored Nov. 7 at the annual United Seamen's Service Admiral of the Ocean Sea Awards banquet in New York City.
CG Comments on Purchasing Authority
On Nov. 6, 2008, Rear Admiral Gary T. Blore, Assistant Commandant for Acquisition & Chief Acquisition Officer, commented on the status of U.S. “On October 28 we…
Seaway Corp. Trade Mission to Italy, Turkey
On Nov. 10, in Genoa, Italy, a Memorandum of Cooperation (MOC) between the Great Lakes Seaway Corporations’ Highway H20 Port Partners Program and the Ligurian Ports…
Tactical & First Responder Training
Confident Captain/Ocean Pros announced the launch of their Tactical and First Responder Training programs. These customized, hands-on programs are designed to help state, local, and federal agencies train their staff to become safe and effective First Response vessel operators. The courses are designed for all skill levels and are customizable in order to meet the varying demands of many different agencies.
Frontier Driller Christened
The semisubmersible rig, Frontier Driller was christened with its new name at Signal International’s East Bank shipyard on Saturday November 1, in Pascagoula, MS. Mrs.
Hatteland Display Appoints Johannessen
The board of Hatteland Display has employed Trond K. Johannessen as its new President & CEO, starting Feb 1, 2009. The appointment follows a growth period where the company has increased revenue from $9.4m in 2000 to $48.5m in 2007. Hatteland Display's current President & CEO, Knut Vidar Lauritsen, who handed over the baton to Trond Johannessen, will remain in a key management role, focusing on innovation, product and business development. Trond K.
PSNS & IMF Receives Commendation
Puget Sound Naval Shipyard and Intermediate Maintenance Facility (PSNS & IMF) was presented the Navy’s Meritorious Unit Commendation (MUC) on Friday, Nov. 7, by Vice Adm.
