Moore Stephens, understands that Her Majesty’s Revenue & Customs (HMRC) has agreed to re-examine, in consultation with the shipping industry, its earlier intention to unilaterally reinterpret the UK Tonnage Tax rules to the potential detriment of many shipowners…
Terresolve Technologies, an industry leader in producing environmentally safe lubricants and functional fluids, today announced that Stephen Fazekas has joined the company as director of business development. Fazekas holds more than 21 years…
Mastry Engine Center is well-known for its comprehensive training programs for recreational boat owners, dealers, the Navy and other customers. Recently Mastry expanded its scope, providing three-day training sessions for the US Coast Guard…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, has entered into a time charter contract with Morgan Stanley Capital Group Inc., for one of its Capesize dry bulk carriers, the m/v Boston…
The offshore construction vessel, Island Intervention, of the SX121 design from Ulstein was named. Shipowner Island Offshore has great expectations for the new vessel, which will carry out advanced operations in the Norwegian Sea this autumn…
Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered a new high-speed ferry to Fire Island Ferries, Inc., on the south shore of Long Island in New York. The new 387-passenger, all-aluminum, mono-hull ferry is a further refinement…
1812 - USS Constitution captures and destroys brig Lady Warren.1877 - Professor Asaph Hall of Naval Observatory discovers first of two satellites of Mars. He found the second one within a week.1921 - Carrier arresting gear first tested at Hampton Roads…
HMS Global Maritime completed the purchase of the steamboat American Queen. Built in 1995, the American Queen, at 419-feet long, is the largest, most opulent riverboat ever built and offers 222 staterooms and suites that accommodate 436 guests attended to by a crew of 160…
National Steel and Shipbuilding Co., San Diego, Calif., is being awarded a $24,536,862 modification to previously awarded contract (N00024-08-C-4410) for USS Harpers Ferry (LSD 49) fiscal 2011 extended docking phased maintenance availability (EDPMA)…
Huntington Ingalls Industries, Inc. (NYSE:HII) received a $56.5 million contract modification, under a previously awarded contract, for continuation of long lead time material procurement associated with construction of the nuclear-powered aircraft carrier John F…
Aker Solutions' operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion.'We have a strong…
The Shipowners’ Club, one of the few P&I Clubs to offer specialist yacht insurance, has taken a new approach to yacht liability, offering an All-Risk policy that seeks to de-mystify aspects of the traditional wording contained in typical P&I…
Global container shipping and logistics group Neptune Orient Lines (NOL) reported a net loss of $67 million for the first half of 2011 compared to a $1 million net profit in the same period a year ago. The Group said it lost $57 million in the second quarter of 2011…
HARTFORD, Conn., August 11, 2011 – The Travelers Companies, Inc. is pleased to announce the appointment of Raymond T. Martino as the President of its Ocean Marine business unit. Martino is responsible for the overall leadership and management of Travelers Ocean Marine…
This year’s MTS Houston Section Barbecue will be held on October 20, 2011 at Thrustmaster of Texas’s North Houston location off 290/FM529. This major fund-raiser event attracts over 400 participants, as well as some 50 exhibitors. More information available on the web at http://www…