GE to Power, Propel UK's New Frigates
The U.K. Ministry of Defense has engaged in a major program to update and upgrade its current fleet of frigates. In the next decade, Type 26 Global Combat Ships will become the backbone of the Royal Navy, replacing its existing Type 23 Frigates. The Type 26 will incorporate the latest in hybrid propulsion technology: at low speeds, it will run on an electric drive system, while at high speeds, it will take power from the gas turbine.
SNAME Journal in Thomson Reuters Web Index
The Journal of Ship Production and Design (JSPD) published by the Society of Naval Architects and Marine Engineers (SNAME) has been accepted for coverage in the Thomson Reuters Web of Science Index of Scholarly Literature. The SNAME Journal of Ship Research has been indexed in the Web of Science for many years. The Web of Science is recognized as one of the world’s leading source of scholarly research data.
Carnival Profit More than Doubles
Carnival Corp, the world's largest cruise operator, said its quarterly profit more than doubled as costs fell. Net income rose to $106 million, or 14 cents per share, in the second quarter ended May 31, from $41 million, or 5 cents per share, a year earlier. Excluding items, the company earned 10 cents per share. Revenue rose 4 percent to $3.63 billion. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)
Spain Gives Go-ahead to Canary Islands Drilling
Spain's Supreme Court approved on Tuesday a $7-billion oil exploration project off the Canary Islands, clearing one of the final hurdles for oil company Repsol to begin drilling within months.
OPEC Secretary General Says No Shortage of Oil
OPEC is ready to pump extra oil in the event of any supply disruptions caused by Iraq and its biggest producer, Saudi Arabia, can ramp up to capacity if needed, oil officials said on Tuesday.
Strategic Marine Delivers MV Thaiyak
Specialist shipbuilder Strategic Marine has delivered the On-Station vessel Thaiyak to the Australian Customs & Border Protection Service (ACBPS). The vessel was launched from Strategic Marine's facility in Vietnam in March this year and was officially accepted in Fremantle, Western Australia, by representatives of Australian Customs & Border Protection Service yesterday, Monday, June 23. The 40-meter on-station vessel…
NAO Exercises Option to Purchase Shares
Nordic American Offshore Ltd. additional 882,352 common shares. The sale of these common shares isexpected to close on June 26, 2014. After the exercise of the overallotment option…
US Cargo Ship to Load Syrian Chemical Agents Soon
An American cargo ship, the 'Cape Ray' converted into a mobile chemical weapons destroyer is expected to take charge of some of Syria's most dangerous materials next week, a U.S.
Ingalls Shipbuilding Named Platinum Fit-Friendly Worksite
Ingalls Shipbuilding, a division of Huntington Ingalls Industries, says it is doing its part to fight obesity and bolster the health of its employees. The shipyard's…
Lockheed Martin Awarded DoD Port Hueneme Test Ship Contract
Department of Defense inform that Lockheed Martin, Moorestown, New Jersey, is being awarded a $12,171,921 cost-plus-fixed-fee modification to a previously awarded…
Containership Alliance P3 Abandoned: Implications Analysed
So, Maersk, MSC and CMA CGM will not be allowed to form what would have been the largest mega-alliance in the shipping industry. But what are the implications, and what is likely to happen next?
Engineering Jobs Secured by Portsmouth UK Naval Contract
The two-and-a-half-year £70 million contract will protect around 100 highly skilled engineering jobs at BAE Systems in Portsmouth, the home port of the Royal Navy’s…
GLDD Appoint Mark Marinko Senior V-P & CFO
Great Lakes Dredge & Dock Corporation (GLDD) informs that Marinko joins the Company to fill the role vacated in April 2014 and held in interim by the Vice President and Controller, Katherine Hayes.
Helmsman Falls Overboard, Boat Crashes Into Breakwater
Coast Guard and Washington State Ferry crews rescued a man who fell overboard from his vessel in the vicinity of Elliott Bay Marina. The 39-foot boat was moving…
KNOT Public Share Offering to Fund Tankship Acquistions
KNOT Offshore Partners says it has entered into agreements to acquire from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own…
The High Seas Are Like a Failed State: Ocean Rescue Commission
The health of the global ocean is in decline and an integrated rescue package needs to be applied over the next five years, according to The Global Ocean Commission…
