According to a May 3 report from The Associated Press, Northrop Grumman Corp. said its first-quarter profit increased 20 percent, led by strong growth in shipbuilding. Business improved for nearly every sector in which the company operates, except for a 1% decline in information systems…
According to a May 3 report from The Straits Times, Chinese shipbuilder New Century Shipbuilding has launched its initial public offering (IPO) with plans to raise $666.4m, which will make it the largest listing in the market since CapitaMalls Asia's debut late last year…
GMT Composites recently shipped a twelve-legged carbon fiber antenna and instrument arch to Holland Jachtbouw (Zaandam, The Netherlands). This has just been installed on an in-build 140-ft aluminum superyacht, due for launching later this year…
Mystic Seaport has named Sarah Cahill its new director of museum education and outreach. She will begin June 7. Cahill will lead the Museum’s education department in the expansion of its public history educational programs. She will guide Mystic…
Ribcraft, manufacturer of professional grade rigid inflatable boats for law enforcement, safety professionals, and military agencies, announced the delivery of two Ribcraft 6.5's to the James City County Police Department in James City, Va.…
Baltic Trading Limited (NYSE: BALT) 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. As expected, the company had no vessels in operation during the quarter…
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…