Matson Q1 2014 Profits Slip, Market Growth Expected
Leading US carrier in the Pacific Matson report that in the first quarter of 2014 its financial results were negatively impacted by the timing of fuel surcharge collections.
Middle East Offshore Equipment Supply: New J/V Set Up
Leading integrated turnkey subsea and offshore solutions provider, Unique Maritime Group, says it has signed a Joint Venture (J/V) with OEG Offshore (OEG), to offer…
Chicago Tug & Barge Grounding: Latest Update
The Coast Guard says it is continuing its response to the grounded towing vessel 'Kimberly Selvick' in Lake Michigan off of Burnahm Park.The vessel remains partially submerged…
U.S. Senate Moves To Debate Energy Savings Bill; Keystone Bid Stalls
The U.S. Senate agreed on Tuesday to advance a bipartisan energy efficiency bill, but it could die unless lawmakers end a stalemate on how to proceed with the long…
Rolls Royce Sells Energy Gas Turbine Business To Siemens
Britain's Rolls-Royce Plc said it would sell its energy gas turbine and compressor business to German conglomerate Siemens AG for 785 million pounds($1.33 billion).
Singapore Dredging at Pioneer Shipyard
Dredging works are underway at the Pioneer Shipyard off the West Jurong Channel Singpore and will continue until 31 July. According to the Maritime and Port Authority…
World's largest inland port selects KONGSBERG Multibeam Echo sounder
Port of Duisburg, World's largest inland port today selected KONGSBERG Multibeam Echo sounder as part of the upgradation of their survey capability which presently uses a single beam echosounder.
Major Development For Fishing Industry at Lerwick Harbor
The fishing industry will be the main beneficiary of the next major project in the continuing development of Lerwick Harbor where the construction of a large new…
Foster Wheeler Closes Acquisition Of Siemens Environmental Systems And Services
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has finalized the acquisition of the Siemens Environmental Systems and…
PSA Awarded Concession to Develop and Operate 4th Container Terminal in JNPT
Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly-owned subsidiary of PSA Bharat Investments Pte Ltd (which is a subsidiary of PSA International)…
GE Shipping Q4 FY14 Results & Conference Call Details
The Board of Directors of The Great Eastern Shipping Company Ltd (G E Shipping) will meet on Wednesday, 7th May 2014, to consider Unaudited Results (Provisional)…
Cruise Ship Stranded In NY's Hudson River Hit A Whale
A dead 45-foot female whale found in a New York harbor Monday morning was hit by a cruise ship that got stuck in the Hudson River over the weekend, authorities said on Tuesday.
Record Cruise Passenger Arrivals at Lisbon
A record 13,000 passengers disembarked on Tuesday in the port of Lisbon from the towering hulls of cruise ships, including Cunard Line's gigantic trio of "Queens"…
Ingalls Launches Fifth USCG National Security Cutter
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division launched the U.S. Coast Guard National Security Cutter James (WMSL 754) on Saturday. James is the company's fifth NSC and is expected to deliver in 2015. "Our learning curve continues to improve in this program, and the hot production line certainly provides a foundation for this progress to continue," said Jim French, Ingalls' NSC program manager.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Siemens Unveils Overhaul, Confirms Rolls-Royce Buy
German conglomerate Siemens announced a corporate overhaul on Tuesday which will streamline the structure of the company into nine divisions, see its healthcare business managed separately…
Fincantieri to List Stake Close to 50%
Italian state-owned Fincantieri plans to list a stake close to 50 percent in its initial public offering on the Milan bourse, a source close to matter said on Tuesday. The group, wholly owned by state lender Cassa Depositi e Prestiti (CDP), which in turn is controlled by Italy's Treasury, announced earlier on Tuesday it has filed for listing. The sale of a minority stake in the group is part of a privatisation push the Italian government launched last year to raise funds to cut its public debt.
NOAA Offers a New Way to See Currents
A new NOAA National Ocean Service website will provide mariners near real-time coastal ocean surface current observations and tidal current predictions in coastal waters using high frequency (HF) radar, making marine navigation safer for mariners and commercial shippers. The web-based observations are now available for the Chesapeake and San Francisco Bays in areas vital for marine navigation, with additional locations to follow.
Fincantieri Files for Milan IPO
Italy's Fincantieri said on Tuesday it had filed a request to list its shares on the Milan bourse, as state lender Cassa Depositi e Prestiti (CDP) moves to offer private investors a minority stake in the ship building company. The disposal of Fincantieri - wholly owned by CDP, which in turn is controlled by Italy's treasury - is part of a new wave of privatisations the Rome government announced at the end of last year.
McMurdo Completes Techno-Sciences Acquisition
Strategic acquisition validates Orolia's McMurdo Group as premier supplier of COSPAS-SARSAT search and rescue solutions, establishes U.S. McMurdo Group, a global…
