Cargotec won the Best Supplier award 2010 from Mitsubishi Heavy Industries Shimonoseki shipyard in Japan. It was given to Cargotec’s Offshore business and local Japanese team and, in part, is recognition of the company’s drive to understand…
On 25 August 2011 STX Finland Oy's Rauma Shipyard started the production of an innovative fisheries reseach vessel ordered by the Ministry of Fisheries and Marine Resources of the Republic of Namibia. NB 1378 will be delivered during the summer of 2012…
APL Logistics has received the best supplier award from global manufacturing technology giant Emerson’s Rosemount business unit for the second year in a row. Tom Moser, President of Emerson Process Management, handed out the 2010 Supplier of…
LRAD Corporation (NASDAQ: LRAD) announced a $1.5m in new LRAD orders from the U.S. Navy. The orders, which consist primarily of LRAD 1000X systems and support equipment, are scheduled to ship this quarter. “This is the latest in a series of LRAD orders we’ve received from the U…
OceanFreight Inc. (NASDAQ: OCNF) announced for the three-month period ended June 30, 2011 the company reported a Net Loss of $1 million or $0.16 basic and diluted loss per share. Included in these results is a loss of $2.0 million associated with the sale of M/T Olinda…
1814 - British invasion of Maryland and Washington, D.C.; Washington Navy Yard and ships burned to prevent capture by the British1912 - Launching of USS Jupiter, first electrically propelled Navy ship 1942 - U.S. carrier aircraft begin 2…
AIDA Cruises announced the signing of a cooperation treaty with the training ship society 'Großherzogin Elisabeth e.V.' With this cooperation, the apprenticeship at AIDA will offer even more on-the-job experience. Young academics and mechatronics…
Effective from 4 September 2011, Hamburg Süd will expand its coverage of West Coast Central America by joining APL in a two loop service concept (WECA).- String 1 (WCX – WECA1) will deploy three vessels of 1.300 TEU nominal capacity and has…
An exploration well and a sidetrack currently being completed by Statoil near Gullfaks South have yielded the third discovery made in the Gullfaks licence so far this year.This confirms yet again that infrastructure-led exploration is important…
Braemar (incorporating The Salvage Association) has announced dates for its latest Port and Shipyard Familiarisation Courses to be held at Falmouth.The courses are part of the company’s ongoing commitment to assist its clients by providing…
Hyundai Heavy Industries, the world’s biggest shipbuilder, today announced the completion of the final performance test for a model ship of 190,000 DWT ice-breaking iron ore carriers at Institute for Ocean Technology in Canada.When the actual 190…
RESOLVE Marine Group, Inc. (RESOLVE) has acquired the staff and assets of the Elliott Bay Design Group’s (EBDG) New Orleans, Louisiana office. The addition of former EBDG personnel in New Orleans expands RESOLVE’s in-house engineering team…
FPSO OSX-1, the first floating production, storage and offloading vessel in OSX’s fleet, has concluded its conversion in Singapore and set sail for Brazil. The journey is estimated to take 40 to 50 days.The FPSO OSX-1 is commissioned to produce the first oil for itsclient OGX…
The second quarter of 2011 saw slightly improved time charter equivalent (TCE) revenue resulting in improved results compared to the first quarter 2011, and led to an impoved H1 2011 EBITDA compared with H1 2010. EBITDA in Q2 2011 was $4.8 million…
As pirates raise the stakes on a number of key ocean trades, simple, cost-effective preventive measures can be put in place to protect ships and their crew in a matter of hours, according to Paul Friedberg, President of Goltens Worldwide Services…