Forging Ahead
Despite a marked drop in shipbuilding volume during the past decade to lower cost competitors in the East, Germany's marine market has maintained it adherence to…
Podded Propulsion Goes Beyond the Cruise Realm
Compelling design and operational arguments in favor of podded electric drives can be expected to transcend any negative impressions formed from the recent clutch…
Repowering and Niche Marketing at Westar
Fireworks exploded over the Bay Bridge and thousands of people crowding the waterfront near the new ballpark gasped in admiration. Some of the best seats for the…
MariTel Launches New Marine Telephone Service With Vessel Location
The owner of a small inland tug company has no choice but to come in to the office every Saturday morning to update his fleet and load locations for his customers…
Xantic: New Look, New Name...More Service
Part of the curse of corporate consolidation comes in the combining of or complete re-naming of the new entity. The quandary: maintaining critical market awareness…
Back in Business -- Iridium Returns Under New Ownership
When Iridium, the $5 billion satellite company, fell into bankruptcy on March 18, 2000, it went down as one of the costliest corporate fiascoes of all time. More than one year later…
Owners...Start Counting the Cash
The much anticipated turnaround in the Gulf of Mexico Oil Patch is happening, and the companies that supply boats and services in the area are feeling the impact.
Local Yards Start to Feel the Impact
The U.S. Gulf of Mexico region is again poised to prosper, spurred by the buzz of activity surrounding the oil patch, and specifically the renewed vigor with which…
Mechanical Problems, Late Deliveries Continue to Plague Industry
A stagnant economy, threat of overcapacity and canceled cruises due to repairs and late deliveries have conspired to slow the hyper-growth cruise industry has enjoyed for the past decade.
Kockum Sonics AB launches Ballast Water Exchange Concept
In response to the threat of invasive marine species, Sweden-based Kockum Sonics AB has developed a new concept for safe and efficient ballast water exchange on high seas.
Bollinger Christens 8,000-hp Towboat, Bootsie B
Bollinger Shipyards, Inc., Lockport, La., with the Riverway Co., Eden Prairie, Minn., christened the M/V Bootsie B., a 188-ft. (57.3 m), 8,000 hp towboat. Bootsie B.
Largest Spanish RoPax Enters Service
The largest Spanish flagged RoPax ferry, named Fortuny, has been delivered by IZAR's Puerto Real shipyard to the Spanish shipowner Trasmediterranea. The contract…
Hybrid Powering for Boxships
A convincing economic argument fuels the liner shipping sector's adoption of unprecedented capacity ratings, with a new level soon to be reached in impending projects for newbuilds in the 9…
Editor's Note
Considering the over abundance of conferences and exhibitions that grace the marine industry’s business calendar, I am pleased to report on the activities of the…
Statoil Commences Drilling Off Faroe Islands
Norwegian state-controlled energy company Statoil is to start drilling for oil off the North Atlantic Faroe Islands this week in the first test well on the Faroe shelf.
Woldwide Offshore Rig Utilization Plummets
Offshore rig utilization fell in the world's most active markets during the week ending July 6, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization…
Lehman Bros.: General Maritime Is A Strong Buy
Lehman on Monday started coverage of oil tanker charterer Maritime with a strong buy rating and a 12-month price target of $25. "We expect charter hire rates to…
Izar Ferrol Repairs Eight Vessels At Once
The shiprepair yard of IZAR Ferrol last week surpassed previous occupancy records, as it simultaneously worked on eight vessels. The yard facilities were fully busy…
Chittagong Port Strike Leaves 65 Ships in Limbo
A strike at Bangladesh's main Chittagong port has left some 65 ships carrying 1.3 million tons of cargo stranded, officials said on Friday. The 36-hour strike, (involving 20…
U.S. Customs Bust Panamanian Cargo Ship for Marijuana
U.S. Customs agents seized 6,310 lbs. (2,860 kg) of marijuana from a Panamian-flagged cargo ship carrying medical supplies and machinery into the Port of Miami, agency officials said on Thursday.
