General Maritime Corporation (NYSE:GMR) reported its financial results for the three months ended March 31, 2010.Financial Review: 2010 First QuarterThe company recorded a net loss of $9.1 million or $0.16 basic and $0.16 diluted loss per share for the three months ended March 31…
A jury in Houston federal court cleared Greek maritime officer Ioannis Mylonakis of charges that he engineered the dumping of oil tanker waste off of the Texas coast in early 2009, according to the Berg & Androphy law firm.The jury rejected claims by U…
Superior Energy Services, Inc. (NYSE:SPN) announced net income of $21.5 million and diluted earnings per share of $0.27 on revenue of $364.5 million for the first quarter of 2010, as compared with net income of $56.8 million, or $0.72 diluted earnings per share on revenue of $437…
PortVision, provider of business intelligence solutions for the maritime industry, announced its web-based service platform integrating vessel tracking, management and analysis in a single, operational dashboard for marine terminal operators…
The Atlantic Center for the Innovative Design and Control of Small Ships (ACCeSS) at Stevens Institute of Technology announced major funding for the next five years worth $4.5m by the Office of Naval Research (ONR) as part of its National Naval Responsibility – Naval Engineering (NNR-NE) program…
Great Lakes Shipyard, a division of The Great Lakes Group, has completed all work required under contract with Miller Boat Line, Put-in-Bay, Ohio, to fabricate and install a new 40-ft mid-body extension in the passenger/vehicle ferry Put-in-Bay…
1909- Burnt Island, Maine: The schooner Regina stranded five miles north of the station. The Life-Saving crew, in a small power boat, arrived at the same time as the tug Bismarck. After the tug had pulled her afloat, the keeper piloted them out into clear water…
1814 - USS Peacock captures HMS Epervier1898 - U.S. warships engage Spanish gunboats and shore batteries at Cienfuegos, Cuba1944 - Fast carrier task force (12 carriers) commence 2 day bombing of Truk1975 - Operation Frequent Wind…
The American Waterways Operators (AWO), the national trade association for the tugboat, towboat and barge industry, hailed the U.S. Supreme Court’s decision announced April 26 to deny the State of Michigan’s motion to close Chicago area locks…
According to an April 27 report from The Business Times, there has been a slew of upgrades on the offshore and marine, and shipping sector on account of early signs of a pick-up in new-builds. Yangzijiang's stock has risen some 28 per cent this…
According to an Apr 27 report from TradingMarkets.com, Hyundai Steel Co. (KSE;004020), South Korea's No. 2 steelmaker, said its net profit rose nearly five-fold in the first quarter from a year ago thanks to increased sales. The company earned $222…
On April 21, the United States District Court for the Southern District of Florida found that DeAngelo Marine Exhaust willfully infringed on two of Marine Exhaust Systems, Inc.'s U.S. patents and that these patents are valid and enforceable…
Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced that it has entered into shipbuilding contracts with a Chinese shipyard for the construction of two Handysize drybulk vessels…
Scorpio Tankers Inc. (NYSE: STNG) announced that it entered into agreements to purchase four double hulled Handymax tankers for an aggregate purchase price of $99m. The ships, which are charter free, are scheduled to be delivered between May and September 2010…
Holland America Line contributed $357m to the Seattle economy and $481m to Washington state, mostly stemming from the cruise line's Seattle to Alaska itineraries. Holland America Line has added a fourth ship to the Seattle contingent, which…