Oil Recovery Ops in Houston Ship Channel
The oil spill responders continue clean up efforts today after the 458-ft tank vessel Chemical Supplier allided with a barge and spilled approximately 10,500 gallons…
Shipmanagers Should Review Liability Limitation
Ahead of an impending revision of the standard industry shipmanagement agreement, the International Transport Intermediaries Club (ITIC) has urged shipmanagers to limit their liability to a sum which reflects the growing proportionate gap between ship values and the level of shipmanagement fees. ITIC notes that the standard shipmanagement agreement, BIMCO Shipman, has been around for over twenty years.
Korean Researchers Crack LNG Carrier Problem
According to a Sept. 29 report from The Chosun Ilbo, a research and development team from the Korea Gas Corporation and the three major Korean shipbuilders has developed…
Wärtsilä Joins UN Global Compact initiative
Wärtsilä has signed the United Nations Global Compact initiative and has been registered as a participant by the UN Global Compact Office. With this action Wärtsilä…
United States Marine Patrol Boats Contracts
According to an Associate Press report, United States Marine signed the paperwork turning over two patrol boats to the U.S. Special Operations Command. They are…
SEC Closes Inquiry Involving ACL
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that the U.S. Securities and Exchange Commission (SEC) has confirmed it will not take action against…
Tsakos Energy Semi-Annual Cash Dividend
Tsakos Energy Navigation Limited (TEN) (NYSE:TNP) announced that its Board of Directors has declared the company’s initial cash dividend for the fiscal year 2009 of $0.30 per common share…
Busch Elected President of Int’l Salvage Union
Crowley Maritime Corporation announced that Todd Busch, the company's senior vice president and general manager of technical services, which includes Crowley subsidiary Titan Salvage, has been elected president of the International Salvage Union (ISU). Busch was elected during the ISU's 55th general meeting in Boston this week. He succeeds Arnold Witte, who will continue to be a member of the ISU's executive committee.
This Day in Coast Guard History – Sept. 29
1898-The American steamer, Toledo with the barge Shawnee in tow, became water-logged 25 miles southwest of the station at Ship Canal, MI. Her crew boarded Shawnee and sailed to the canal.
This Day in Naval History – Sept. 29
1946 -Lockheed P2V Neptune, Truculent Turtle, leaves Perth, Australia on long distance non-stop, non-refueling flight that ends October 1. 1959 - USS Kearsarge (CVS…
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