Kinton to Depart Massachusetts Port Authority
Thomas J. Kinton Jr., the chief executive officer and executive director of the Massachusetts Port Authority, a 1,200-person agency with more than $500 million in…
This Day in U.S. Coast Guard History - February 17
1944- Coast Guardsmen participated in the invasions of Eniwetok and Engebi, Marshall Island. 1956- The CGC Casco saved 21 persons from a US Navy seaplane that was…
This Day in U.S. Naval History - February 17
1864 - Confederate submarine H.L.
Mammoet Salvages the Cabo de Hornos
On January 29, 2011 Mammoet Salvage refloated the research vessel Cabo de Hornos safely and redelivered her back to her owners, The ASMAR Shipyard in Talcahuano, Chile. The vessel was being built at the ASMAR Shipyard located in Talcahuano Naval Base when on February 27 2010 one of the largest earth quakes ever recorded hit the central region of Chile. The movement of the earthquake caused an accidental premature launch and the vessel slid into the sea.
Stowaway G2 Series Watermakers
(Stock Symbol: PH - NYSE) Racor Division of Parker Hannifin Corporation announced a revamp of its Stowaway Series of watermakers. The Racor Village Marine Stowaway G2 Series are compact watermakers for marine applications which include a new touch screen interface control panel and a streamlined frame design. Features include a graphic-rich color touch screen panel which displays status, purity of product water output…
Pasha Hawaii to Build Second Vessel
Honolulu-based Pasha Hawaii announced the signing of a contract with VT Halter Marine, Pascagoula, MS, for the construction of a ship to enter the Hawaii/Mainland trade lane.
NOL Reports $461M Net Profit in 2010
NOL Group today reported net profit of US$461 million for 2010, representing a US$1.2 billion turnaround from its US$741 million loss in 2009. The container shipping…
LNG-Tanker Rates Doubling, Ship Glut Erodes
According to a Feb. 16 report from Bloomberg, record demand for liquefied natural- gas is causing the decade-long glut of vessels that carry the fuel to disappear…
Knightsbridge Tankers Stock Hits New High
According to a report from www.thestreet.com, Knightsbridge Tankers (Nasdaq:VLCCF) hit a new 52-week high Feb. 15 as it traded at $25.30 compared with its previous 52-Week high of $25.25.
Konrad Marine’s 20th Anniversary, Business of the Year
2011 marks Konrad Marine's 20th Anniversary of bringing stern drive technology to the commercial, recreational, and military marine marketplaces. The company recorded the highest sales volume in their 20-year history at the close of 2010. February 2011. In addition, Konrad Marine was recently awarded the honor of being named Business of the Year 2010, by the Hudson Area Chamber of Commerce. Konrad Marine was selected for this award based upon innovation in their industry…
USCG: Eastern Great Lakes Maritime Security Committee
The US Coast Guard is seeking interested applicants for membership on the Eastern Great Lakes Maritime Security Committee and its five regional subcommittees. Applications…
IJUBOA Promotes Use of Jack-Up Barges
The International Jack-Up Barge Owners Association (IJUBOA) held a general meeting in Brussels last month and agreed on actions that will achieve its mission of…
SharpEye Radar Improves Pirate Detection
The value of being able to detect small vessels approaching in any weather conditions, and automatically identify potentially hostile behaviour, is highlighted by…
This Day in U.S. Coast Guard History-February 16
1804 - Lieutenant Stephen Decatur, with volunteers from frigate Constitution and schooner Enterprise, enters Tripoli harbor by night in the ketchIntrepid to burn the captured frigate Philadelphia.
This Day in U.S. Coast Guard History - February 16
1944- Justo Gonzalez became the first Hispanic-American to make the rank of chief petty officer when the Coast Guard promoted him to Chief Machinist's Mate (acting) on 16 February 1944.
MarAd: $77mto for National Defense Reserve Fleet Ships
WASHINGTON – U.S. Transportation Secretary Ray LaHood today announced contracts totaling $77 million for three U.S. maritime firms to operate 10 National Defense Reserve Fleet ships through July 27…
Resolve Marine/PENCO: Emergency Response in Hawaii
On February 2nd, 2011, a team of emergency responders from Resolve Marine Group and Pacific Environmental Corporation (dba PENCO)/American Marine Corporation, demonstrated their marine fire fighting capabilities in Honolulu Harbor. The trained crew of locally and internationally recognized professionals conducted an equipment deployment exercise, utilizing pumps and fire fighting monitors stored at the PENCO/American Marine facilities on pier 13…
Offshore Oil-Production Royalties to Rise Under New Budget
According to a Feb. 14 report from Bloomberg, Royalties paid to the U.S. by oil and gas companies for offshore production are forecast to increase 68 percent under…
Nordic American Tanker Shipping Q4 Report
Nordic American Tanker Shipping Ltd. ("NAT" or "the Company") announced today that the Company has declared a dividend of $0.25 per share for 4Q10, the same dividend as for 4Q09.
Navy Budget Adds Five Ships to Plan
According to a Feb. 14 report from Bloomberg, the U.S. Navy has added five ships to its six-year shipbuilding plan, proposing to spend $74.7 billion for 55 ships through fiscal 2016…
