Russian Warship to Exercise off Syria
A Russian warship will dock at the Syrian port of Tartus before planned exercises off the country's Mediterranean coast. The Smetlivy guided-missile destroyer will remain in the western Mediterranean through May. Smetlivy is the last Kashin-class destroyer in the Russian Navy. The ship returned to service after repairs in 2011. Its armament includes two 76-mm AK-726 guns and a SS-N-25 Switchblade anti-ship missile system.
Algeria Gives Russian Shipyard Contract to Modernize Warships
Russia’s Severnaya Verf shipyard in St. Petersburg has signed a contract on the overhaul of two warships for the Algerian navy, the company’s press service said on Thursday. The Russian shipbuilder will modernize a Nanuchka II class corvette and a Koni II class frigate, which have been in service with the Algerian navy since the 1980s. “The contract has been signed in the framework of an agreement between [Russian state-run arms exporter] Rosoboronexport and the Algerian Defense Ministry…
Ports – US Harbor Maintenance Funding
Unlike the past several years, this year's budget debate included some discussion of the longstanding problem of underfunded harbor maintenance. This recognition…
Offshore Vessel Operators Gain International Safety Award
North Star Shipping has received a prestigious international award from one of the world's leading health and safety training, advisory and audit bodies. Following rigorous assessment by an independent adjudication panel the British Safety Council has bestowed its International Safety Award on North Star Shipping for the eleventh consecutive year. For an organisation to win this award it must demonstrate that it has in place comprehensive health and safety policies…
Diesel Engines for China Market – Majors Set Up New Company
Mitsubishi Heavy Industries, Ltd. (MHI) and Shanghai Diesel Engine Co., Ltd. (SDEC), a major Chinese diesel engine manufacturer, have signed an agreement to establish Shanghai MHI Engine Co., Ltd., to manufacture and market diesel engines in China. The aim of the new joint venture is to make a full-fledged entrance into the rapidly expanding Chinese market for industrial-use diesel engines and to build up market share through more competitively priced products.
Singapore Shipyard Secures Large FPSO Contracts
Keppel Shipyard Ltd has secured Floating Production Storage and Offloading (FPSO) upgrading projects from its long-term partners SBM Offshore N.V. (SBM Offshore)…
Nuclear Submarine Joins India's Eastern Fleet
China enjoys military advantages on the land frontier, India’s ability to choke Chinese shipping at straits like Malacca and Hormuz constitutes a powerful strategic…
Piracy – Two More Warships Join Task Force
The counter-piracy taks force sent by the European Uniion to patrol the waters off the Horn of Africa, has been joined by two additional warships. The Dutch multi-purpose frigate HNLMS Van Amstel has arrived in the area, as well as the Spanish frigate ESPS Reina Sofia. Both ships have helicopters embarked that are capable of searching large areas of sea to look for suspect pirates. These warships…
USCG Cutter Sinks Japanese Tsunami Derelict
The crew of the Coast Guard Cutter Anacapa has successfully sunk the derelict fishing vessel Ryou-Un Maru 180 miles west of the Southeast Alaskan coast. The Anacapa…
Chevron’s Brazil Spill Legal Claims Rise to $22 Billion
Chevron Corp. and Transocean Ltd. are being sued for $22 billion in environmental damages in Brazil, double initial claims, after a federal prosecutor filed a second…
Somali Pirate Hijackings Increase to 15-Month High: AKE
Somali pirates hijacked 10 ships in March, the most since December, 2010, and may attack larger merchant vessels this month, AKE Intelligence said, Bloomberg reported.
Huntington Risks Losing $194 Million on Carrier’s Overrun
Huntington Ingalls Industries Inc. stands to loss as much as $194.3 million, more than 40 percent of its potential fee, under the Navy’s latest estimate of overruns for the USS Gerald R.
Varna Products Receives Export Achievement Certificate
Cameron Park, Cal. - Varna Products was recently presented with the United States Department of Commerce, U.S. Commercial Service, Export Achievement Certificate…
Humphree Introduces Its Smallest Interceptor Trim Tab
Humphree announced the release of a new smaller interceptor size, the 350mm interceptor. The 350mm interceptor extends the Humphree range of interceptor models downwards.
Gazprom Expands in Vietnam After Gaining Two Offshore Blocks
AO Gazprom, the world’s largest natural gas producer, plans to develop two blocks with Vietnam Oil & Gas Group off the coast of the Asian nation, Bloomberg reported.
IHC Merwede Nails Down Finance Agreement
A ceremony for the largest ever working capital guarantee issued by Atradius Dutch State Business – on behalf of the Dutch Government – took place on April 5, 2012…
Navy’s Top Officer Views Destroyer at Bath Iron Works
Admiral Jonathan Greenert toured the shipyard Wednesday, viewing assembled hull segments of the future USS Zumwalt. He also participated in a ceremony, marking the…
Newport News Shipbuilding Opens Doors for Area Students
Newport News, Va. - Huntington Ingalls Industries announced today that its Newport News Shipbuilding (NNS) division hosted 50 students and faculty from area high…
Cobham Takes a 25% Stake in Thrane & Thrane
Cobham announced on March 12, 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane A/S regarding apossible recommended offer for Thrane & Thrane at a price of $73.72 (DKK420) per share in cash, as the Board of Thrane & Thrane felt unable to recommend its proposal. Cobham reserved the right to reconsider its position at any time. In that announcement Cobham commented that its strategy is to build market leadership positions in its strategic business units…
Fossil Fuels Still Attractive Despite Financial Crisis
New York - Demand for oil and natural gas continues to grow, despite the current economic downturn, indicating a positive future outlook for oilfield services, according…
