General Dynamics Board Declares Dividend
The board of directors of General Dynamics (NYSE:GD) declared a regular quarterly dividend of 38 cents per share on the company's common stock, payable November 13…
Raytheon Supports Naval Oceanographic Office
Raytheon Company (NYSE:RTN) has been awarded a task order to develop and support recertification of curricula through the Naval Education and Training Professional Development and Technology Center.
New Navy Contract
General Dynamics, Electric Boat Corp., Groton, Conn., is being awarded a $65,200,000 cost-plus-fixed-fee contract for installation of a hull patch, bridge access trunk…
Container Lines Achieve Record Score
Container lines achieved a record high on-time service reliability performance, according to Drewry Container Shipper Insight’s latest quarterly schedule monitoring survey, just published.
82nd Vessel Departs James River Reserve Fleet
The Resolute is scheduled to depart the James River Reserve Fleet Thursday, August 6, 2009 at 10:00 a.m. in transit to Esco Marine, Inc., in Brownsville, Texas for recycling.
This Day in Naval History – August 6
1862 - CSS Arkansas destroyed by her commanding officer to prevent capture by USS Essex. 1943 - Battle of Vella Gulf begins. US destroyers sink 3 of 4 Japanese destroyers.
SNAME Annual Meeting & Expo
The world’s foremost gathering of professionals in naval architecture, marine engineering and marine sciences will take place October 21-23 at the Rhode Island Convention Center in Providence…
S.S. Calcio Napoli On Board Costa Concordia
S.S. Calcio Napoli (Naples soccer club) kicked off its 2009/2010 campaign in Italy’s top flight Serie A by presenting the team at a special event arranged yesterday (August 3) on board the Costa Concordia, the flagship of the fleet operated by Costa Cruises. The stars of the occasion, the full Naples squad including all the new signings, descended on the Stazione Marittima in helicopters and powerboats.
TradeFBIUSA Launched
TradeFBIUSA, a company that transforms shipping data into actionable intelligence, announced its recent launch. With TradeFBIUSA, companies can control the power…
Keppel, FSO Conversion for M3nergy
Keppel Shipyard Ltd will be completing the conversion of the Floating, Storage and Offloading (FSO) vessel, Ratu Songkhla, for M3nergy JDA Sdn Bhd. Speaking at its naming ceremony, Mr Tong Chong Heong, CEO of Keppel Offshore & Marine, Keppel Shipyard’s parent company said, “The excellent team work between M3nergy and Keppel Shipyard has enabled us to deliver FSO Ratu Songkhla within six months, and without any lost-time incidents.
Q2 Trade Data Signals Long-Term Change
Growing consumer demand within China coupled with a worldwide decline in the West’s ability to consume Chinese-made goods, may herald long-term changes in the pattern of world trade.
Seattle/Bremerton Ferry Service Makes Repairs
WSDOT Ferries Division (WSF) reduced Seattle/Bremerton ferry service to one 124-auto ferry August 3 beginning with the 5:30 p.m. sailing from Seattle to Bremerton.
Last GPA 670 MKIII PSV by Sinopacific
On July 13 another offshore vessel series, designed by Naval Architect and Marine Engineering Firm Guido Perla & Associates, Inc. (GPA) was completed at Zhejiang…
New DP Training Centre
Aboa Mare University of Applied Sciences, located in Turku (Finland), has recently received the accreditation of the Nautical Institute as an official Dynamic Positioning (DP) training center. Dynamic positioning is becoming especially important for sophisticated offshore operations and the need for corresponding training facilities is increasing rapidly. The new DP bridge simulator in Turku is based on the Navis NavDP 4000 Trainer Simulator…
Anadarko Reports Loss
According to an August 3 report from Bloomberg News, Anadarko Petroleum Corp., the second-largest producer of natural gas in the U.S., reported a quarterly loss of $226m after energy prices plunged.
Marathon 2Q Profits Plunge with Oil Prices
According to an Associated Press report, Marathon Oil Corp. said its second-quarter profit fell 47 percent from a year ago when crude barrels fetched twice the price.
StatoilHydro Profit Almost Wiped Out
According to an August 4 report from Bloomberg, StatoilHydro ASA, the world’s largest offshore oil and gas operator, said profit was almost wiped out in the second…
FleetBroadband Broadcast Tall Ships Challenge
Stratos Global Corporation announced it has deployed an Inmarsat FleetBroadband mobile satellite system onboard the tall ship Bark Europa to broadcast coverage of…
Golar LNG Restructuring & Equity Offering
Golar LNG Limited announced a major restructuring combined with an intent to conduct an equity offering in its newly formed subsidiary, Golar LNG Energy Limited.
New Navy Contracts
General Dynamics Advanced Information Systems, Pittsfield, Mass., is being awarded an $11,309,500 Undefinitized Contract Action (UCA) modification under previously…
