Iran’s Islamic Revolution Guards Corps (IRGC) have established a new naval base in the vital oil tankship transit Strait of Hormuz.According to Iran's Fars news agency, as reported by Ria Novosti, the base, the fifth in the region, is located…
The 51-year-old flattop’s legacy stretches back from the Iraq and Afghanistan wars to Vietnam. Even before the Southeast Asia conflict, the carrier took part in the Cuban missile crisis when it was part of the blockade that forced the Soviets to remove nuclear missiles from Cuba…
MAN Diesel & Turbo wins contract to supply the engines for two Greek LNG carriers (LNGCs). The configuration for the new order covers 2 × 9L51/60DF + 2 × 8L51/60DF engines, a total of 34 MW installed power per vessel. All of the engines…
The COSCO Group achieved net profit attributable to equity holders of $26.6 million on turnover of $937.0 million in Q3 2012.Group turnover inched down 3.4% to $937.0 million in Q3 2012 from $969.8 million in Q3 2011 due to a decrease in shipyard and dry bulk shipping revenue…
W-Class Yacht Company is expanding its family of yachts to include 100’, 123’ and 135’ models.The first of the new designs, the W.123', was developed by Bruce Johnson (formerly of Sparkman & Stephens) in collaboration with Rockport Marine Yacht Design…
Ulstein-designed PX105 Platform Supply Vessel (PSV) delivered.The PSV Bourbon Calm has been delivered to Bourbon from China's Zhejiang Shipyard, the third in a series of four such vessels built to Ulstein's PX105 design for Bourbon Offshore…
US Coast Guard to formally investigate cause of the sinking of the tall ship off Cape Hatteras during Hurricane 'Sandy'.Rear Adm. Steven Ratti, the Coast Guard 5th District commander, has ordered a district formal investigation to determine the cause of the sinking of the Bounty…
The company won several important contracts in the maritime and defence markets during the third quarter 2012.Q3 operating revenues totalled MNOK 3 675 and EBITA came to MNOK 570. This corresponds to an EBITA margin for the Group of 15.5 per cent…
Naval Research Laboritory (NRL) scientists study the complex physics of Rotating Detonation Engines (RDE's).With its strong dependence on gas-turbine engines for propulsion, the U.S. Navy is always looking for ways to improve the fuel consumption of these engines…
Responsibility includes: finance, contracts, estimating & pricing, and business management of Ingall’s Shipbuilding Division.'Tom's extensive background in finance and contract administration forms a solid foundation for this important leadership role…
The new facility at the Derby Learning & Development Centre in UK will double the number of Rolls-Royce apprentices under training. The additional apprentices will find work in the supply chain, providing an additional source of skilled labour to the UK engineering and manufacturing industry…
The Environmental Ship Index (ESI) & Green Award Foundation nautical environmental certificates to join forces.In future, the foundation will take the results of ESI on board in its own evaluation and in return, it will check the emissions…
YKP-FM Global Shipyard Co Ltd to develop a workboat repair & maintenance facility in Kantang, Trang Province, Thailand.Freight Management Holdings Bhd (FMH) is buying a 25% stake in a Thai shipyard for RM2.5 million cash. The logistics group…
Horizon Lines' financial report shows volume improves 3.4%, & rate, net of fuel up 2.9% from a year ago.Sam Woodward, President and Chief Executive Officer comments on third quarter 2012 financial results:'Horizon Lines generated a 3…
U.S. Maritime Industry not opposing Jones Act waivers to ship petroleum to the Northeast US in fuel crisis.Thee American Maritime Partnership writes to President Obama to confirm that the U.S. Maritime Industry will not oppose waivers that…