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…
DeepFlex Appoints Kearney President & CEO
The DeepFlex Board of Directors has announced the appointment of Michael C. Kearney as its President & Chief Executive Officer and his election to the Board of Directors, replacing W. George Coyle.
EF Johnson $1.1m Order From U.S. DOD
EF Johnson Technologies, Inc. (NASDAQ:EFJI) announced that it has received an order from the U.S. Department of Defense (DoD) for $1.1m to provide a maritime wireless solution for the customer.
New Navy Contract
Swiftships Shipbuilders, LLC, Morgan City, La., is being awarded a $180,998,189 fixed-price letter contract for the detail design and construction of nine patrol…
A Farewell to John Lynch
We note with sorrow the passing of a friend to seafarers, former President and CEO of Seaboard Marine, Mr. John Lynch. John was our 2006 International Golden Compass…
Rolls-Royce Opens New Facility in Newfoundland
Rolls-Royce, the global power systems company, has enhanced its global customer support capability in Canada with a new Marine service center located in Mount Pearl…
Tanker Crew Robbed in Latest Piracy Attack
According to a Sept. 24 report from United Press International, Asia, armed pirates boarded a tanker in the South China Sea, assaulted a crew member and robbed the rest of the crew.
Wärtsilä Role in FellowSHIP Project
Wärtsilä has been assigned overall responsibility for systems integration in the pioneering FellowSHIP project. Wärtsilä's specially designed equipment is being used to integrate and create synergies between marine technology and state-of-the-art fuel cell technology. The equipment has been installed onboard the platform supply vessel Viking Lady for extensive sea tests. The innovative solution is…
Northstar Contract Add-On From L-3
Northstar Network Ltd. (Northstar) announced that it has been awarded an add-on to the $2.6m contract awarded by L-3 Communications MAPPS Inc. (L-3 MAPPS) to build consoles for land-based trainers for the Halifax Class of ships. The original contract, awarded in March, 2009, was to manufacture 66 Standard Marine Consoles and 60 Local Operating Panels as part of its Integrated Platform Management System (IPMS).
Wesmar New Roll Fin Stabilizer System
Wesmar (Western Marine Electronics) has introduced a new high-speed, digitally controlled stabilizer system, that uses a high performing, powerful and efficient digital signal processor and proprietary programming to combine multiple system capabilities. “This system changes the dynamics of roll fin stabilization by using leading-edge software, superior digital processing and a proprietary gyro to predict behavior,” said Wesmar’s Mechanical Division President, Cary Jones.
Cat 3500 Engine Upgrade Kit Debuts
Caterpillar Inc. will be the only marine diesel engine manufacturer featured at the Diesel Technology Forum event held in Washington, D.C., on Tuesday, September 29, 2009. Titled “Clean Diesel Power: Ready for Tomorrow, Working Today,” the Diesel Technology Forum will transform America’s “power capital” into the “clean diesel power capital” when dozens of manufacturers display their newest technology for the nation’s Congressional representatives.
OSG Increase in Proposed Tender Offer Price
OSG America, L.P. (OSG America, NYSE: OSP) reported that Overseas Shipholding Group, Inc. (OSG; NYSE: OSG), which owns a 77.1% interest in OSG America, announced…
Willis Limited Awarded Contract for Panama Canal
The Panama Canal Authority (ACP) announced that it has awarded a contract for insurance brokerage services to Willis Limited. Beginning October 2009, the firm will provide strategic counsel…
CG Public Meetings, Proposed Regulations
The U.S. Coast Guard is scheduled to hold public meetings in Seattle on Sept. 28 and in New Orleans on Sept. 30 to hear comments about a proposed rulemaking for ballast water discharge standards.
This Day in Coast Guard History – Sept. 28
1850-An Act of Congress (9 Stat. L., 500, 504) provided for a systematic coloring and numbering of all buoys for, prior to this time, they had been painted red, white…
This Day in Naval History – Sept. 28
1944 - Marines occupy islands in Palaus under cover of naval aircraft and gunfire support.
