Genco Shipping & Trading Limited (NYSE:GNK) reported its financial results for the three months ended March 31, 2010. The following financial review discusses the results for the three months ended March 31, 2010 and March 31, 2009.First…
Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, announced entry into a conditional purchase agreement to acquire Cuming Corporation…
Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to sign a time charter for the Genco Predator, a 2005-built Supramax vessel, with Pacific Basin Chartering Ltd. for approximately 11 to 13.5 months at a rate of $22…
1882-The Secretary of the Treasury was authorized to discontinue any lifesaving station, transfer apparatus, appoint keepers, etc.1910-Congress required every passenger ship or other ship carrying 50 persons or more, leaving any port of United States…
1917 - First Navy ships, Destroyer Division 8, arrive at Queenstown, Ireland, to provide convoy escorts against German U-boats1942 - Battle of Coral Sea, first carrier vs. carrier battle, begins1945 - Japanese attempt to land on Okinawa repulsed…
T&T Marine Salvage conducted survey operations of a sunken passenger vessel in 220 ft of water near Limbones Island. T&T Marine Salvage mobilized an ROV operator and compact ROV System that surveyed the sunken vessel and located key entry points…
SeaKits, the developer and provider of the Marine Maintenance System (MMS), has signed an agreement with Boston’s Best Cruises to provide the company’s two workboat fleets with their turnkey MMS Fleet Solutions. SeaKits and Boston’s Best Cruises…
Austal announced an expansion of its European service presence with the establishment of a maintenance hub on the Strait of Gibraltar. Based in Southern Spain and Northern Morocco, the new operations will support the extensive fleet of Austal…
The following is a transcript from a May 1, 3:52 p.m. EDT, press briefing by Coast Guard Commandant Thad Allen, and Assistant to the President for Homeland Security John Brennan on ongoing response to the oil spill following the Deepwater Horizon incident…
The National Response Team (NRT), an organization of 16 federal departments and agencies responsible for coordinating emergency preparedness and response to oil and hazardous substance pollution incidents was quickly activated and a coordinated…
At the Annual Meeting of Members of ABS in New York in April, the following Member was elected to a three-year term on the ABS Council: Graham Westgarth, Teekay Marine Services Following the Annual Meeting, the ABS Council met and elected…
U.S. Coast Guard Commandant Adm. Thad Allen meets with Rear Adm. Mary Landry, the federal on-scene coordinator for the Deepwater Horizon response, and other local, state and federal members participating in the unified command to discuss leveraging…
According to a May 2 report from Reuters, the government said on May 1 that two offshore production platforms in the Gulf of Mexico were shut as a safety precaution, the first sign that the giant oil slick was affecting the region's energy production…
Miller Boat Line has begun using a 10-20 percent biofuel mix in one of its passenger vessels, the William Market, and has plans to eventually use it in all four of its vessels. The biofuel, G2 Diesel, provides 15 percent better fuel economy than traditional diesel and leaves a cleaner wake…
The Vitol Group announced the opening of the Seaport Canaveral Terminal on the east coast of Florida. The terminal, built at a cost of around $130m, will deliver an independent supply of petroleum products to the state, create new jobs, and provide an important boost to the state's economy…