International Shipholding Corporation Reports Q1 2011
Mobile, Alabama, April 27, 2011 – International Shipholding Corporation (NYSE: ISH) announced the financial results for the quarter ended March 31, 2011. The Company reported net income of $24.1 million for the three months ended March 31, 2011, which included a gain on the Dry Bulk transaction of $18.7 million. For the comparable three months ended March 31, 2010, the Company reported net income of $10.6 million…
Marine Products Corporation Reports Q1 Results
ATLANTA, April 27, 2011 – Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2011. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including Premiere Sport Yachts, SSi and SSX Sportboats and Cuddy Cabins, Sunesta Sportdecks, Xtreme Towboats, Signature Cruisers, and outboard sport fishing boats by Robalo.
Kirby Corporation Announces 2011 First Quarter Results
Houston, Texas (April 27, 2011) – Kirby Corporation (“Kirby”) (NYSE:KEX) today announced net earnings attributable to Kirby for the first quarter ended March 31, 2011 of $32.4 million, or $.60 per share, compared with $24.7 million, or $.46 per share, for the 2010 first quarter. The 2010 first quarter net earnings included a charge for retirements and shore staff reductions of $4.1 million before taxes, or $.05 per share.
Intergraph SmartMarine Technology for GL Noble Denton
HUNTSVILLE, Ala., April 28, 2011 – GL Noble Denton, the global independent technical advisor to the oil and gas industry, will standardize on Intergraph SmartMarine Enterprise, including SmartMarine 3D, to replace its existing design solution for offshore and marine assets. This move will enable the company to increase the functionality and usability of its engineering designs, as well as to improve the data consistency between the schematics and the outfitting within its projects.
Ardmore Expands Fleet, Newbuild And Charters
Ardmore Shipping Ltd, the specialist tanker company, today announced that it has taken over the contracts for two newbuild vessels from Hellespont Group and, in a separate deal, has agreed to charter in two vessels from Hellespont. Ardmore, based in Cork, Ireland, has agreed to take over the newbuild contracts on two 17,000 deadweight tonnes (dwt) IMO II chemical tankers from Hellespont. The two as…
Drydocks World, $3.3M Semi-Submersible Refurb
Dubai, UAE, April 28, 2011: Drydocks World will carry out refurbishment worth USD 3.3 million onboard semi-submersible crane vessel Hermod belonging to Dutch company Heerema Marine Contractors, a leading service provider in the offshore oil and gas industry. The ship is 154 m long and 86 m wide and is one of the largest in operation. Its draft is 10.5 - 28.2 m depending on whether water has been taken in.
Maersk Line Wins Two Awards at ASFCA 2011
Maersk Line took home the “Best Global Shipping Line” and “Best Green Service Provider - Shipping Line” at the 25th annual Asian Freight & Supply Chain Awards, which was held in Singapore on 27th April 2011. Maersk Line won the “Best Global Shipping Line” award for the 18th consecutive year, which serves testimony to its continued status as the global leader in container shipping. It was also the second time that Maersk Line was awarded “Best Green Service Provider - Shipping Line”…
Backing for NEVA 2011 Gathers Pace
Support for NEVA 2011, the international maritime conference and exhibition taking place in St. Petersburg between September 20th and 23rd this year, has gathered momentum both within Russia and internationally in recent weeks. The event, which celebrates its 20th anniversary this year, is increasingly being viewed within Russia as not simply a niche maritime exhibition, but as a global business-to-business event.
$43 Million Contract Awarded Of New Backhoe Dredge
PANAMA CITY, Panama, April 27, 2011 - The Panama Canal Authority (ACP) has awarded a $43 million contract to Dutch company IHC Engineering Business Ltd., a part of IHC Merwede Group, for the design and construction of a new backhoe dredge. The addition of this new dredge to the ACP’s existing fleet in December 2012 will increase the ACP’s ability to effectively dredge as part of the Expansion Program and future maintenance projects. IHC Engineering Business Ltd.
Polk Director,SCI Center for Maritime Education
Taking over the reins from Eric K. Larsson, former Director of the Seamen’s Church Institute’s (SCI) Center for Maritime Education, Captain Stephen Polk now commands SCI’s advanced training program for mariners. SCI appointed Polk, a USCG Licensed Captain and US Navy veteran, to begin work as Director earlier this month. Captain Polk has logged thousands of hours on SCI’s advanced simulators training professional mariners and in the classroom helping them evaluate complex situations.
Cargo Vessel Hits Pier and Barges, Oregon
According to a report from The Daily Astorian, a U.S. Coast Guard investigation continues after a cargo vessel carrying lumber hit a pier and two barges at the Wauna…
BOEMRE to Hire Regional Leadership for New Bureau
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced its search to fill two senior leadership positions for the Bureau of Safety…
Tanker Explodes on Canal in NW Germany
According to a report from HardEx.com, a tanker caught fire while being loaded with highly flammable fuel on a German canal in the town of Lingen an der Ems, in the northwestern state of Lower Saxony.
Transatlantic Clean Tanker Rates Up
According to a report from Reuters, clean petroleum tanker rates on top global export routes were steady to firmer on Tuesday, April 26, as healthy fixing activity…
The New Polar Code and Commercial Aspects of Arctic Shipping
Per Sønderstrup, Head of Centre, Danish Maritime Authority is not only dealing with the shipping around Denmark, with some 40,000 ships passing Copenhagen every year, and another 20,000 ships passing the Stora Belt passage in and out from the Baltic Sea. His department also governs shipping activities in a much larger and environmentally more challenging area, Greenland. "We have there a coastline of about 40…
Four Honors for NOL at Asian Freight Awards
SINGAPORE, 27 APRIL 2011 – NOL Group won accolades for excellence in Shipping and Logistics and CEO Ron Widdows received the Lifetime Achievement Award at the 25th Asian Freight & Supply Chain Awards here tonight. Both of NOL’s principal businesses were honored at one of the longest-running awards tributes in the Asian transportation sector. Container carrier APL was named Best Shipping Line in the Transpacific and Asia-Europe trades.
LA Port Security Training Center
According to a report from the Associated Press, a new maritime center has been unveiled in Los Angeles to train local officers on port security. City officials…
GPA DeliversFinal 670 Platform Supply Vessels
In late 2010, Seattle-based Naval Architecture and Marine Engineering firm Guido Perla & Associates, Inc. (GPA) reached yet another milestone with the delivery of the last of 22 GPA 670 PSVs constructed at different yards owned by Sinopacific Shipbuilding in China, such as Zheijang and Dayang Shipyards. The first of the original ten vessels was delivered to Bourbon Offshore in 2005 at Zhejiang Shipyard.
New Center for Maritime Education Director
Taking over the reins from Eric K. Larsson, former Director of the Seamen’s Church Institute’s (SCI) Center for Maritime Education, Captain Stephen Polk now commands SCI’s advanced training program for mariners. SCI appointed Polk, a USCG Licensed Captain and US Navy veteran, to begin work as Director earlier this month. Captain Polk has logged thousands of hours on SCI’s advanced simulators training professional mariners and in the classroom helping them evaluate complex situations.
Gladding-Hearn Delivers Third Launch to Md Pilots
Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered a new pilot boat, the third launch for the Maryland pilots, built by the Somerset, Mass., shipyard. Designed by C. Raymond Hunt & Associates, the new Chesapeake Class, all-aluminum pilot boat measures 52.5 ft overall, with a 16.6-ft beam and 4.7-ft draft, and has a top speed of 25 knots. The deep-V hull is powered by twin Detroit Diesel Series 60 engines, each delivering 600 Bhp at 2100 rpm, with Twin Disc MG5114A gear boxes.
