On Feb. 12, the Norwegian Supreme Court awarded in favor of the shipping companies that the retroactive tax imposed in 2007 for the years 1996-2006 was in breach of the Norwegian Constitution. The effect for Odfjell will be an increase in the equity of about $110m…
An Italian subsidiary of a U.S.-based company has agreed to plead guilty and to pay a $2.29m criminal fine for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose sold in the United States and elsewhere…
The Department of Transportation (DOT) released the list of Transportation Investment Generating Economic Recovery (TIGER) grants. The grants, totaling $1.5b, are focused on rail and road projects, but include a number of infrastructure improvements in US ports…
On 12 February 2010, the container ship Maersk Sydney called at the Port of Hamburg for the first time as part of the Maersk Line’s expanded AE-10 scheduled liner service. This liner service links the ports of Shenzhen (Dachan Bay), Ningbo, Shanghai…
ABB, a power and automation technology group, has acquired the turbocharging service activities of ABCO Industries Limited located in Lunenburg, Nova Scotia. ABB did not disclose the value of the transaction.Prior to the acquisition, ABCO’s…
Statoil reported that on Feb. 18, the partners in the Gudrun license resolved to submit a plan for development and operation (PDO) of this North Sea discovery to the Norwegian authorities.“The decision marks an important milestone in the…
The Minerals Management Service (MMS) has approved a grant for $699,400 to Tangipahoa Parish in Louisiana through the Coastal Impact Assistance Program (CIAP) for the first phase of a proposed shoreline protection project on the northern edge of Lake Pontchartrain…
The Navy's first littoral combat ship, USS Freedom (LCS 1), left Naval Station Mayport Feb. 16 for her maiden operational deployment to the U.S. Southern Command (SOUTHCOM) and U.S. Pacific Command (PACOM) areas of focus.During the independent deployment…
Wärtsilä has been awarded a contract by DSD Shipping AS of Stavanger, Norway to retrofit the main engines on four DSD Shipping vessels with the Wärtsilä Retrofit Pulse Lubricating System. The Retrofit Pulse Lubricating System (RPLS) is designed to lower the oil feed rate to the engine…
Jeppesen, a subsidiary of The Boeing Company, has teamed with Furuno and MapMedia to develop NavNet 3D-compatible C-MAP by Jeppesen vector charts. This will allow boaters to use advanced features and functionality of the NavNet 3D system while navigating with C-MAP by Jeppesen chart data…
A series of fast response cutters being built for the U.S. Coast Guard will be protected against hull corrosion and marine pipework bio-fouling with a system manufactured by Cathelco Ltd.The Sentinel Class cutters, measuring 154 ft in length and capable of speeds of more than 28 knots…
1845- Lighthouse establishment transferred to Revenue Marine Bureau. Metal buoys were first put into service. They were riveted iron barrels that replaced the older wooden stave construction.1862- Congress authorized cutters to enforce the law forbidding importation of Chinese 'coolie' labor…
1814 - USS Constitution captures British brig Catherine1945 - Marines with naval gunfire support land on Iwo Jima; island secured 16 March.(Source: Navy News Service)
According to a Feb. 16 report from The National, Abu Dhabi Ship Building (ADSB) recorded a 38 percent rise in revenues last year to $316.1m as it booked a surge in orders from the Government to protect coastal waters and offshore installations.(Source: The National)
EIVA released the new NaviModel software for ocean mapping, data analysis and interpretation. The software provides intuitive 3D visualization of infinite survey data sets by import of multiple data formats and sources using user defined templates…