Fincantieri Invests in U.S. Yards
Fincantieri Cantieri Navali Italiani S.p.A is investing and committing more than $40m in 2009-10 facility improvements at its mid-tier United States shipyards, Marinette…
P.B. Shah President Ingram Barge Co.
P.B. (Kaj) Shah, Senior Vice President of Customer Service, was named President of Ingram Barge company. The appointment was announced by Craig E. Philip, CEO of Ingram Barge Company. Shah has been an Ingram executive since 1989. Most recently, he has been responsible for managing the logistics and transportation needs of Ingram’s dry cargo customers. During his more than 20 years at Ingram, Shah has held various positions in Logistics…
Hornbeck Offshore Q3 2009 Results
Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the third quarter ended September 30, 2009. Third quarter 2009 revenues decreased 17.4% to $90.1…
Shell’s Successful South African Offshore Bid
The South African Petroleum Authorities confirmed Royal Dutch Shell plc as the successful bidder for exploration rights in the Orange Basin deep-water area, off the country’s west coast.
Bender Secures Loan, Sells Assets
According to a Nov. 4 report from www.al.com, attorneys for Bender Shipbuilding & Repair Co. reached an agreement Tuesday with creditors that will allow the bankrupt Mobile, Ala.
Seaspan Reports Financial Results
Seaspan Corporation (NYSE: SSW) announced the financial results for the three and nine months ended September 30, 2009. - Paid a second quarter dividend of $0.10 per share…
Naval Units Cooperation Disrupts Pirates
On the morning of November 5th a General Cargo ship and a Bulk Carrier were attacked in the Gulf of Aden. Cooperation between EU NAVFOR and NATO prevented two more hijackings.
Seaware Routing Version 5
Seaware AB announced a new major upgrade for its Seaware Routing software, introducing cost-based ship route optimization. The Seaware Routing software is designed to facilitate on board weather presentation and ship route planning, and is delivered as part of weather routing solutions from Seaware partners. Seaware Routing version 5 has been developed with special attention to optimization of short sea passages.
DryShips Debt Agreement
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that…
Coast Guard Photo
The 378-ft Coast Guard Cutter Rush, homeported in Honolulu, Hawaii, arrives in Shanghai, Sunday, Nov. 1, 2009. The crew of the Rush is in China to engage in maritime partnerships and cultural exchanges. (U.S. Coast Guard photo by Petty Officer 1st Class Christopher Evanson)
Excel Maritime Reports Q3 Results
Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes…
Cargotec Contract to Supply Namibia Namport
Cargotec has won a contract to supply six Kalmar E-One² rubber-tyred gantry (RTG) cranes to Namport in Namibia for increasing operational efficiency at their Walvis Bay port.
Ship Bound for Breaking Finds New Career
The Margaret Hill, a 50,700 tonne liquid natural gas tanker, was stopped from leaving the UK’s Southampton docks in August this year. The Environment Agency took…
This Day in Coast Guard History – Nov. 6
1882-At half past 4 in the afternoon the lookout at Station No. 8, Tenth District (Forty Mile Point, Hammond’s Bay Lake Huron) discovered a small boat north of the station about six miles distant…
This Day in Naval History – Nov. 6
1851 - U.S. Navy expedition under command of LT William Lewis Herndon, on a mission to explore the valley of the Amazon and its tributaries, reaches Iquitos in the…
Record Attendance for SNAME 2009
Challenging economic conditions didn’t stop a record number of industry professionals from attending The Society of Naval Architects and Marine Engineers (SNAME) 2009 Annual Meeting and Expo.
