Five board members of owners, Costa Crociere, have been placed under investigation in connection with the January 2012 cruise ship accident.The executives are reportedly being probed for possible collusion in the crimes of dereliction of duty and manslaughter that the ship's Captain…
Interim financial results for Q1 2013 show a strong start to 2013 by Maersk Drilling.With an increase in profit to USD 146 million in the first quarter of 2013 from USD 123 million in first quarter of 2012, Maersk Drilling has come off to a good start in 2013…
At their recent meeting the circumpolar states of the Arctic Council have agreed to tackle oil spill disasters as a team.The Agreement on Cooperation on Marine Oil Pollution Preparedness and Response in the Arctic—the Council’s second ever…
The passenger ship 'Serenissima' grounded Monday night in Oban Bay, was refloated the next day & awaits underwater inspection.The UK Maritime and Coastguard Agency reported that the Stornoway Coastguard was alerted and was told that the ship had ran aground on sand and gravel…
The Port of Los Angeles’ Trade Connect program has earned the nation’s highest honor for promoting American export trade.The Port was among the 2013 honorees recognized for export sales or service during an “E” Award ceremony at the U.S Department of Commerce headquarters in Washington…
Hercules Offshore agrees sale of 11 inland barge rigs, which includes three active rigs, eight cold stacked rigs and related assets (Inland Asset Package) for cash proceeds of approximately $45 million.Excluded from the 'Inland Asset Package' are the Hercules 27…
Greece's Paragon Shipping Inc. obtains a $69-million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction.The two container ships on order are expected to be delivered in the second quarter of 2014…
The Department of Defense award Metron Inc. a contract for development of a large displacement unmanned undersea vehicle (LDUUV).Metron, Inc., of Reston, Va.,is being awarded a $7,287,619 cost-plus-fixed-fee contract to include in-lab…
At the recent 8th Ministerial Meeting of the Arctic Council, China and another 5 states were granted observer status in the organization.Founded in 1996, the group now has eight member states in the Arctic region, including Russia, the United States…
The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013.Mr. Strachan replaces J. Michael Talbert who was not re-elected at the company's annual general meeting held on May 17, 2013…
National Maritime Day is May 22; & this year celebrates the thousands of civilian mariners who support freedom as part of the Navy’s Military Sealift Command.Rear Adm. T.K. Shannon , commander, Military Sealift Command, wrote in honor of Maritime…
Admiral Robert J. Papp, Commandant of the U.S. Coast Guard, to address the Center for Strategic & International Studies (CSIS) forum on May 21, 2013.CSIS Europe Program will host a Military Strategy Forum on the Coast Guard's strategic vision for its future role in the Arctic…
Quest Specialty Chemicals, a leader in the specialty coatings industry, appoints 'Marj' Shymske president of its subsidiary.With over 30 years of experience in sales, marketing and management, with an emphasis on assembling effective teams and successful business expansion…
New NOAA report presented to the US Coast Guard examines national oil pollution threat from shipwrecks in US waters.The report finds that 36 sunken vessels scattered across the U.S. seafloor could pose an oil pollution threat to the nation's coastal marine resources…
W&O designated preferred North American distributor of first United States Coast Guard-approved marine plastic piping system.W&O, a global supplier of marine pipe, valves and fittings, valve automation, and engineered solutions, has partnered…