According to a report on www.businessday.co.za, bad weather could drive up the cost of salvaging the stranded oil tanker MT Phoenix to $4.5m, citing information from the South African Maritime Safety Authority. The tanker reportedly ran aground north of Durban on Tuesday…
Coast Guard Commandant Adm. Bob Papp testified before the U.S. Senate Commerce, Science and Transportation Committee Oceans, Atmosphere, Fisheries and Coast Guard Subcommittee on defending U.S. economic interests in the changing Arctic.During the hearing…
Kirby Corporation (NYSE: KEX) announced net earnings attributable to Kirby for the second quarter ended June 30, 2011 of $41.7 million, or $.77 per share, compared with $29.3 million, or $.54 per share, for the 2010 second quarter. The 2011 second quarter results included an estimated $…
According to a report on www.business-standard.com, India's Titagarh Wagon (TWL) (www.titagarh.biz) announced plans to enter shipbuilding business and was scouting for land near Kulpi. In the report, TWL Chairman JP Chowdhary was quoted as saying that the company is scouting for up to 400 acres…
July 27 is potentially a historic day for Davie Canada, as the National Shipbuilding Procurement Strategy Secretariat announced that it had accepted the application for a change of bidder received from 7731299 Canada Inc. (Davie Canada) on July 21…
Fitch Ratings has affirmed SEACOR Holdings' () Issuer Default Rating (IDR) and debt ratings as follows:--IDR at 'BBB-';--Senior unsecured credit facility at 'BBB-';--Senior unsecured notes at 'BBB-'.The Rating Outlook is Stable. Approximately…
1953 - Korean War armistice signed at Panmunjon, Korea and Korean cease-fire went into effect at 10:00 PM.For more information about naval history, visit the Naval Historical Center Web site at www.history.navy.mil.
American Commercial Lines (ACL) has relocated Bill Braman, Senior Vice President and Chief Operating Officer – Transportation Services, to Harahan, LA, where he will lead the field implementation of ACL’S new operating plan and scheduled service platform…
The Ports of Los Angeles and Long Beach have selected seven local maritime and cargo companies as this year’s recipients of the Clean Air Action Plan Air Quality Awards, an honor presented to those taking extraordinary measures to cut air emissions…
Following the signing of a landmark agreement with the Iraq Ministry for Oil to help the war-torn country develop the skills and training necessary to exploit its hydrocarbon resources, OPITO will welcome a senior delegation from Iraq on a fact-finding mission…
General Dynamics has reported second-quarter earnings from continuing operations of $666 million, or $1.79 per share on a fully diluted basis, compared with 2010 second-quarter earnings from continuing operations of $651 million, or $1.68 per share fully diluted…
MarineCFO Inc., a provider of Marine Software including On-Vessel, Marine Operations, Personnel, Fleet Maintenance and Financial Management Software Solutions to the Marine Transportation Industry, announced that International Offshore Services…
GAC has expanded its regional Shipping Marketing team with the appointment of Niko Steindamm. As Marketing Manager, Shipping, based in Bremen, Germany, Steindamm will promote GAC's global shipping and related services to the maritime and commodity/trading communities in Germany…
Hamilton, Bermuda, July 26, 2011 - There was an unusual trading in the NAT stock yesterday. NAT is not aware of any corporate news or market news that caused the irregular trading. The dividend report for the second quarter 2011 will be published August 8…
According to a report on www.vancouversun.com, Vancouver-based Seaspan Marine's bid for the federal government's $35b National Shipbuilding Procurement Strategy includes as much as $60m in support for the overall marine industry from the province and BC Ferries…