This Day in Naval History - Oct. 09
1873 - Lt. Charles Belknap calls a meeting at the to establish the U.S. Naval Institute for the purpose of disseminating scientific and professional knowledge throughout the Navy.
MISR: Back in Business in Galveston
Malin International Ship Repair & Drydock (MISR) in Galveston reported that in the early hours of September 13, 2008, Hurricane Ike made a direct hit on in as…
Crane Barge Capsizes Near Staten Island
A barge carrying a crane capsized near at approximately 9:30 a.m. on Wednesday, Oct. 8, 2008. The CB Sussex reported that the crane it was transporting fell partially…
Purchase of Shares in Wilh.Wilhelmsen ASA
Deputy CEO in Wilh.Wilhelmsen ASA Sjur Galtung has through his wholly owned company Sjel Invest AS purchased 3000 shares of class A in Wilh.Wilhelmsen ASA at NOK 110 per share.After the transaction, G
Lubrizol Makes Management Changes
The Lubrizol Corporation announced management changes designed to better support the company’s business objectives that include driving organic growth, strengthening…
TEN Repurchases Tanker
Tsakos Energy Navigation Limited (TEN) announced has completed the reacquisition of the 2002-built double hull suezmax tanker from the German K/G financial institution…
This Day in Naval History - Oct. 08
1812 - A boat party under Lt. Jesse D. Elliott captures HMS Detroit and Caledonia in the . 1842 - Commodore Lawrence Kearny of USS Constitution addresses a letter to the Viceroy of China…
Shipbuilding Subsidy May be Revived
The ministry of shipping is considering reviving subsidy on shipbuilding to enable the industry to be globally competitive. Currently, ’s share of global shipbuilding…
NASSCO Starts Construction of Tenth T-AKE Ship
General Dynamics NASSCO began construction of the tenth ship of the U.S. Navy's T-AKE program. The ship will be named later and is scheduled to be delivered to the Navy in the third quarter of 2010.
Teekay Boosts Quarterly Dividend 15 Percent
Oil tanker operator Teekay Corp. said Tuesday it will increase its quarterly dividend by 15 percent to 31.625 cents per share, from 27.5 cents previously. The dividend will be paid on Oct.
Keppel/Technip Consortium to Deliver P-51 to Petrobras
The consortium of Keppel Offshore & Marine Ltd and Technip Engenharia S/A is on track to deliver the P-51 floating production unit (FPU) to Petrobras Netherlands BV (PNBV) by November 2008.
Report Says Trade Slows for Container Shipping Businesses
Maritime consultants Drewry Shipping Consultants has launched its ‘Annual Container Market Review and Forecast 2008/09.’ Now in its ninth year, Drewry’s Review is…
StatoilHydro and Aker Solutions Sign Agreement
Aker Solutions has signed a letter of intent with StatoilHydro to enter into a frame agreement for the delivery of drilling equipment and related operational services.
Jeffboat Building JAK-Fitted Barge
Amidst the crowd of river barges at Jeffboat, an ACL subsidiary, a new 50,000-barrel asphalt barge for Andrie Inc. stands out. This vessel is 360 by 60 with a 24-ft. molded depth.
LCS 2 Christened
The General Dynamics Littoral Combat Ship Team (GD LCS Team) christened the LCS 2 Independence October 4, on the waters of the at the Austal USA shipyard. Present at the Christening Ceremony were over 1,000 guests and dignitaries. The Ship Sponsor was Doreen A. Scott, wife of the 10th Master Chief Petty Officer of the Navy, Terry D. Scott. She was joined by her daughter, Maid of Honor, Lauren A. Scott, but her daughter, Matron of Honor Ensign Lindsay Fatz, USN, was out of the country on orders.
100th Anniversary of the Great White Fleet Commemorated
By Lt. The U.S. Navy commemorated the 100th anniversary of the Great White Fleet in Oct. 7 at Grand Central Terminal with the opening of an exhibit that will run through the 2008 Columbus Celebration ending Oct. 17. The exhibit - which includes eight-foot models of battleships, artifacts, memorabilia from Sailors aboard the ships and photo displays that tell the story of an American naval mission…
WISTA Conference Headlines Critical Concerns
WISTA (Women’s International Shipping and Trading Association) will be hosting the WISTA Annual Conference in . With a conference theme of “Raising the Profile- Reducing the Footprint”…
Navy Says Crew of Hijacked Ship is OK
On October 3, the U.S. Navy’s Fifth Fleet released this photo of the crew of the MV Faina. The crew on the hijacked cargo ship appear to be in good health, the Navy reported. The ship's Russian captain died of a heart condition nearly two weeks ago, reports said. The Belize-flagged cargo ship, owned and operated by , , was seized by pirates Sept. 25 and forced to proceed to anchorage off the . The ship is carrying a cargo of Ukrainian T-72 tanks and related military equipment.
Star Bulk Deliver Panamax to its Buyers
Star Bulk Carriers Corp., has delivered the Star Iota, a Panamax bulk carrier of approximately 78,585 dwt, built in 1983 in to its buyers. The Star Iota had been…
Rowan Obtains $30m Commitment for Gorilla IV
Rowan Companies, Inc. has received a letter of intent from W&T Offshore, Inc. for the jack-up Gorilla IV. The commitment is for two wells covering a minimum term of 150 days…
