Euronav 3rd Qtr Results
The company had a net income of USD 158 million (third quarter 2007: USD -23.3 million) or USD 3.05 (third quarter 2007: USD -0.44) per share, for the third quarter 2008.
Dominican Republic Joins Global Info System
Commander, U.S. Naval Forces Southern Command (NAVSO)/ U.S. 4th Fleet Rear Adm. Joseph D. Kernan joined Dominican Republic representatives in a ceremony to mark…
Laser Cladding Services Appoints Kowske President
Prior to this appointment, Kowske served as Gremada and LCS vice president of sales and marketing where he was responsible for overseeing marketing, product and…
B+H Ocean Carriers to Repurchase Shares
B+H Ocean Carriers Ltd. announced that it will commence a modified "Dutch Auction" tender offer to purchase up to 600,000 shares of its common stock at a price per…
Binh Dinh Shipbuilding Losing Ground
During the ‘golden age’, the Hoai Nhon Seafood Joint-Stock Co received 15-20 contracts every year to build vessels of over 90HP. However the age lasted all of five years, from 1998 to 2002.
Drydocks World – SE Asia Expansion
Sultan Ahmed Bin Sulayem, Chairman of Dubai World, one of world’s largest holding companies, visited the Nanindah and Graha shipyards last week, at Batam in Indonesia and Singapore, which are part of Drydocks World SE Asia, the recent addition to Drydocks World, the group’s global ship building, repair and conversion arm. The visit was part of an inspection and review tour to evaluate progress achieved…
India Considers Reviving Shipbuilding Subsidy
T R Baalu, minister of shipping, road transport and highways, has circulated a cabinet note towards this end for comments from various ministries. (Source: Times of )
Subsea 7 - 3rd Qtr Report
The company’s performance summary gave highlights for the quarter including: good project execution in all regions delivering EBITDA of $164.8 million; satisfactory…
Great Lakes Iron Ore Trade Up 8%
Iron ore shipments on the Great Lakes totaled 6.5 million net tons in September, an increase of 8.2 percent compared to a year ago. The trade also outperformed the month’s 5-year average by nearly 9 percent. Despite the increases, the iron ore trade continued to struggle with the inefficiencies inherent with lack of adequate dredging. The largest iron ore cargo in September – 66,761 net tons – still represented only 92 percent of the record cargo carried in 1997…
Brazil: Investment Opportunities
The Brazilian-American Chamber of Commerce is hosting a breakfast seminar on Maritime Infrastructure & Investment Opportunities in . The seminar will be held from 8:00 to 10:00 a.m.…
San Francisco – Ferry Service Funds
The Secretary said $13 million will be made available to support ferry service in the Bay Area. The funding for ’s parking initiative and ferry service is provided…
Lower Mississippi River – Update
(Source: Holland & Knight)
This Day in Naval History – Oct. 23
1983 - A suicide truck bomber attacks the Marine barracks at airport, killing 241 (220 Marines, 18 Sailors, and 3 soldiers). 1983 - Operation Urgent Fury (, ) begins.
Jacksonville – TWIC Enrollment Encouraged
Starting December 1, port workers must have a TWIC to gain unescorted access to facilities in all port facilities. A TWIC is required for any individual requiring…
TWIC Deadline - Great Lakes
The Coast Guard is set to enforce new security measures at port facilities located on the Oct. 31, 2008, as mandated by the Maritime Transportation Security Act…
TSA – TWIC Update
The Transportation Security Administration (TSA) issued an update to its status report on the implementation of the Transportation Worker Identification Credential (TWIC) program.
Mariner Pleads Guilty-Illegal License
The maximum statutory penalty Millien faces is five (5) years incarceration, a $250,000 fine, not more than three years of supervised release and a $100 special assessment.
Star Bulk-Board of Directors Resignation
Star Bulk is a global shipping company providing seaborne transportation solutions in the dry bulk sector. (www.starbulk.com)
KVH Satellite TV Antennas - 11th Consecutive NMEA Industry Award
Each year, members of the National Marine Electronics Association (NMEA) recognize those products that they feel offer the best value, performance, and customer satisfaction in several categories. KVH Industries, Inc.’s TracVision M3ST satellite TV system earned its second consecutive NMEA Industry Award, marking the 11th consecutive year that a TracVision system has won the entertainment category.
Measuring Impact of Ice on Arctic Tankers
ABS, ConocoPhillips, Sovcomflot, and Samsung Heavy Industries (SHI) are jointly participating in a study measuring the effect of ice loads on Arctic class shuttle tanker performance.
