Navy Vows to Reduce Shipbuilding Costs
According to a report from Reuters, the U.S. Navy agreed that it does not have good track record in shipbuilding, as ship costs are rising faster than its total budget. On July 30 the U.s.
Third Crewmember Pleads Guilty
A Greek citizen who oversaw the engineering department on board a Dominica-flagged bulk cargo ship pleaded guilty today in U.S. District Court in New Orleans for…
VT Group, Trading in Line with Expectations
According to a July 30 report from The Wall Street Journal, U.K. defense and support services company VT Group PLC said it was trading in line with its own expectations…
Kirby Q2 2009 Results
Kirby Corporation (NYSE:KEX) announced net earnings for the second quarter ended June 30, 2009 of $33.7 million, or $.63 per share, compared with net earnings of $40.3 million…
General Maritime Q2, Six Mo. 2009 Results
General Maritime Corporation (NYSE:GMR) reported its financial results for the three and six months ended June 30, 2009. Excluding other expense, the company recorded…
Salazar Statement on Leasing Court Ruling
U.S. Department of the Interior Secretary Ken Salazar issued the following statement regarding the U.S. “I am pleased with the Court’s decision. Consistent with the Department’s request…
East Isle Expect Shipbuilding Funds
According to a July 29 report from CBC News, J.D. Irving Ltd. said it is optimistic some of the $40b Ottawa has committed to Canada's shipbuilding industry will…
Taqa Buys DSM Energy
According to a report from Reuters, National Energy Company (Taqa) said on July 29 that it was expanding its North Sea assets by buying the energy unit of Dutch chemicals group DSM NV for $407m.
Ampelmann on Jumbo Javelin
One of Jumbo Offshore’s heavy lift & installation vessels, the DP2-ship Jumbo Javelin, is preparing to deliver installation services for offshore wind farms. It will be able to ship and install Transition Pieces (TP’s) for wind turbines. The vessel will be able to carry nine TP’s at a time, each with a weight of approx. 285 tonnes. All the TP’s can be stowed vertically in the hold of the vessel and transported to the offshore location site.
New York Returns From Acceptance Trials
The Northrop Grumman Corporation-built (NYSE:NOC) amphibious transport dock ship New York (LPD 21) returned to the company's Avondale shipyard in New Orleans July 23 flying three brooms signifying a successful U.S. Navy Acceptance Trials. The ship is the fifth in the San Antonio-class series that the Northrop Grumman Shipbuilding sector is building across the Gulf Coast. "This was an exceptional sea trial.
J. Ray Upgrades Barge for Deepwater
Houston-based J. Ray McDermott, a subsidiary of McDermott International, Inc., is upgrading its primary Gulf of Mexico derrick/pipelay barge, DB50, for future deepwater projects…
Grill Retires, Maritime Cabotage Task Force
The Maritime Cabotage Task Force (MCTF) is thanking its retiring Chairman, Philip M. Grill, for his 14 years of leadership of the labor/management coalition that promotes the Jones Act and other U.S. maritime cabotage laws in Washington. Grill, who is retiring as Vice President – Government Relations for Matson Navigation Company, Inc., on July 31, has chaired MCTF since its founding in September 1995.
StatoilHydro Discovery in GOM Deepwater
StatoilHydro has together with operator Anadarko and partners made a discovery in the Vito prospect in deepwater Gulf of Mexico. The Vito well is located in Mississippi Canyon block 984…
First Riser-Drilling in Earthquake Zone
Despite harsh weather and ocean conditions, and complex geological characteristics of its drill site, the deep-sea drilling vessel Chikyu, for the first time in the history of scientific ocean drilling, conducted riser-drilling operations to drill successfully down to a depth of 1,603.7 meters beneath the seafloor (at water depth of 2,054 meters). Engaged in the Integrated Ocean Drilling Program (IODP) Expedition 319…
Pride International Q2 2009 Results
Pride International, Inc. (NYSE: PDE) reported income from continuing operations for the three months ended June 30, 2009 of $121.8 million, or $0.69 per diluted share.
This Day in Naval History – July 31
1815 - Commodore Stephen Decatur concludes agreement with Bey of Tunis to compensate U.S. for seizure of merchant ships during the War of 1812. 1865 - East India…
Chesapeake Shipbuilding Delivers New Tugs
Chesapeake Shipbuilding Corp of Salisbury, MD delivered the second of six new tugboats to Vane Brothers of Baltimore, Md. this week. Elk River will join Sassafras, the first tug that Chesapeake built for Vane Brothers, in hauling 30,000 barrel tank barges on near coastal routes. Construction is already well underway on the remaining four tugs, each of which will be delivered over the next year and a half.
Crowley Manages Tankers for American Petroleum
The Settlement agreement recently approved by a U.S. Bankruptcy Court Judge in New York became effective July 28, clearing the way for an investor group led by The…
Tidewater Reports Q1 2010 Results
Tidewater Inc. (NYSE:TDW) announced first quarter net earnings for the period ended June 30, 2009, of $44.5m, or $0.86 per share, on revenues of $326.6m. Included…
General Rate Increases, Transatlantic Trade
Since rates are at an unsustainable level in the transatlantic trade, Maersk Line announced a general rate increase effective 1 September 2009. The company said…
