According to an April 7 report from The Dong-A Ilbo, Samsung Heavy Industries said it will acquire about 1,000 more patents by investing $445m in the development of eco-friendly shipbuilding technologies by 2015. The company holds 1,000 patent rights…
Teekay Tankers Ltd. (NYSE: TNK) announced that it has priced its follow-on public offering of 7,700,000 shares of Class A common stock at $12.25 per share. The offering is expected to close on April 9, 2010, subject to customary closing conditions…
Conspiracy involving marine fenders, buoys and pilings provokes action by public and private interests in Texas and Louisiana. Baron & Budd, P.C. attorneys, working with attorneys from Los Angeles-based Glancy Bingow & Goldberg LLC, New York securities law firm Labaton Sucharow LLP…
Over 1,400 employees gathered at EMD’s headquarters and manufacturing campus in La Grange, Ill. to celebrate the company’s fifth year of independence since being spun off from General Motors Corporation in April 2005. Honored guests included U…
MAR Inc., Rockville, Md., is being awarded a maximum amount $30,000,000 cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract in support of the Naval Facilities Engineering Service Center, Port Hueneme, for the operation, maintenance…
The Department of the Interior’s Minerals Management Service (MMS) published a Federal Register notice requesting comments on the Preliminary Revised 2007-2012 Five-Year Outer Continental Shelf (OCS) Oil and Gas Leasing Program for lease sales covering the 2007-2012 timeframe…
The German-based navigation company Raytheon Anschütz announced the upcoming release of their new NautoPilot 5000 adaptive autopilot series, the successor of their NP 2000 autopilot series. The NP 5000 is based on the same Anschütz steering algorithms…
1909- Race Point, Massachusetts-The sloop Keewaydin IV’s mast was carried away and the sloop anchored 2 miles SW of station, but dragged ashore. Station crew was on the beach when she struck and the keeper rowed out surf and threw a heaving line on board…
1925 - First planned night landings on a carrier, USS Langley, by VF-11950 - Unarmed Navy patrol aircraft shot down over Baltic Sea by USSR1951 - 1st of 4 detonations, Operation Greenhouse nuclear test(Source: Navy New Service)
According to an April 5 report from the Wall Street Journal, Great Eastern Shipping Co. Ltd, India’s biggest private ocean carrier, has ordered three new oil super tankers or so-called very large crude carriers at South Korea’s Hyundai Heavy Industries Co…
Wärtsilä has received several orders for propulsion systems from Russian organizations recently. The most recent contracts include repeat orders for integrated electro-propulsion packages for new state-owned Multipurpose Salvage Vessels, which…
Senior representatives from a wide range of industries that use ocean space and resources will come together to discuss sustainability issues that face the ocean business community in a summit in June.The Sustainable Ocean Summit is an international…
Deep Blue Marine, Inc. announced that the company has purchased a second 88 ton vessel which management plans to relocate to the Caribbean. The ship is the 77-ft sister ship of the Cap'n Tracy. The company will begin retrofit next week to prepare the ship for recovery work…
Tara Leiter, an attorney at Blank Rome LLP, collaborated with John A.C. Cartner (United States Coast Guard shipmaster and lawyer) and Richard P. Fiske (retired U.S. naval captain and attorney with John Cartner at Cartner & Fiske LLC) to author…
American Shipping Group, Inc. announced the following organizational changes: Frank Peake will join the American Shipping Group (ASG) as Vice President, focusing on strategic planning for all ASG companies operating in the Puerto Rico and Alaskan markets…