Northrop Grumman Shipbuilding, Inc., Newport News, Va., is being awarded a $19,400,942 modification to previously awarded contract (N00024-08-C-2100) for planned and growth supplemental work for the accomplishment of the fiscal year 2008 extended…
NewLead Holdings Ltd. (NASDAQ:NEWL) announced that it has signed a Stock Purchase Agreement providing for the purchase of two Kamsarmaxes for an aggregate purchase price of $112.7m and signed a Memorandum of Agreement for the sale of the product tanker Chinook for $8…
Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2009. Angeliki Frangou, Chairman and CEO of Navios Holdings…
Wärtsilä has signed a contract with the German shipowner Jüngerhans, located in Haren (Ems), Germany, to refit two of its vessels with Wärtsilä Slow Steaming Upgrade Kits to cut fuel costs. The 1997-built vessels are equipped with 7-cylinder Wärtsilä RTA62U main engines…
According to a Feb. 23 report from Reuters, a U.S. Navy warship prevented an attack on a Tanzanian ship and apprehended eight suspected pirates in the process, the U.S. Embassy in Tanzania said. USS Farragut dispatched an SH-60B Seahawk helicopter…
Seakeeper has brought on ComMar Sales to handle the East Coast, South, Gulf Coast and Florida distribution of its line of Gyro Stabilization Systems. ComMar will represent Seakeeper in Alabama, Connecticut, Delaware, Florida, Georgia, Kentucky…
CEPSA Panamá, consolidated as physical supplier of marine fuel at both sides of the Panama Canal, set up a new barge at the port of Cristobal. The Panabunker-Once started operations Jan. 22 2009. The barge supplies the container terminal of Port of Manzanillo…
1964- A U.S. Coast Guard ice skiff rescued 25 persons from an ice flow that had broken loose from the shore near Camp Perry, Ohio. A similar rescue took place almost simultaneously at St. Clair Shores, Michigan when another Coast Guard ice skiff…
1813 - USS Hornet, Captain James Lawrence, captures HMS Peacock1968 - Task Force Clearwater established in I Corps(Source: Navy News Service)
Mitsubishi Heavy Industries, Ltd. (MHI) and Zhejiang Yungpu Heavy Machinery Co., Ltd. (YUNGPU) in China's Zhejiang Province agreed last December on licensing of the technology incorporated into the Mitsubishi-UE, MHI's low-speed marine diesel engines…
Having been involved in the relief effort since the earthquake struck Haiti, the CMA CGM Group announced that it has resumed a regular service between Port-au-Prince and Kingston in Jamaica. On February 7th, a 516 teu capacity CMA CGM feeder…
Soco (ex-Ulupinar VIII), the third of three newbuilding Robert Allan Ltd. design 45 tonne bollard pull compact ASD tugs, has been delivered by Sanmar Denizcilik Makine of Istanbul, Turkey to Caucedo Marine Services, Ltd. of Boca Chica, Dominican Republic…
According to a Feb. 22 report from Lloyd’s List, French energy group GDF Suez has taken delivery of its newest liquefied natural gas carrier, the 154,200 cu m GDF Suez Point Fortin. The vessel is reportedly one of only three LNG carriers in…
Dockwise Reported Financial highlights Q4 2009Adjusted EBITDA of USD 42.1 million, with margin at 36% (Q3 2009: 43%);Net profit of USD 2.8 million before non-recurring items: Deal & financing-related net cash costs of USD 4.6 million…
Transocean Ltd. (NYSE:RIG) announced the effective date for Steven L. Newman to become CEO is March 1, 2010. As previously announced, Newman will succeed Robert L. Long, who is retiring as CEO. In keeping with current corporate governance best practices…