The American Bureau of Shipping (ABS) informs that it has entered into a new Memorandum of Agreement (MOA) establishing the policies and procedures regarding the survey and classification of the National Defense Reserve Fleet (NDRF). The agreement…
Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.S. Department of Justice said.Toy was sentenced by United States Chief…
International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here:Net Losshe Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30…
Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014. Following are highlights for this period and excerpts from the Company's future outlook: 2Q2014 Upstream revenue and EBITDA…
Diversified marine insurer Skuld informs that fraudsters have sought to obtain payment for alleged services provided for alleged pollution matters and clean-up work. Furthermore, it is understood that the Port of Fujairah has warned (Port of Fujairah website and its Notice No…
Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany, announce that they have signed a preliminary…
Eastern Shipbuilding announced that on, Wednesday July 16, 2014, Harvey Gulf International Marine, Inc. (HGIM) and Eastern Shipbuilding Group, Inc. (ESG) entered into a contract to construct a new Robert Allan, LTD. (RAL) RAmpage 6400 Multipurpose…
Claxton Engineering Services, an Acteon company, has appointed Martin Jolley as vice president sales and commercial to spearhead its global sales and commercial strategy. Providing leadership and vision to direct the company’s sales, marketing…
A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday.The $180 million claim by the consortium working on the massive canal…
The proposed container ship P3 alliance between the 255-ship fleets of Maersk, Mediterranean Shipping Company S.A. and CMA CGM was turned down by China's Anti-monopoly Bureau at the Ministry of Commerce, because the P3 alliance intended to set…
Independent well completion and intervention technology developer and manufacturer Omega Completion Technology has appointed a business development manager in Norway in response to an increase in Scandinavian contracts and projects.Joachim…
Sunni insurgents capture three towns in Iraq's Anbar Iraq's oil exports near record rates in June U.S. Secretary of State John Kerry lands in Baghdad Brent crude dipped below $114 a barrel on Monday as worries about disruptions…
France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company…
ADELTE, formerly known as TEAM, will install a boarding bridge at the new cruise terminal in Leixões. The port of Leixões, neighbor to the city of Porto, wants to boost its cruise passenger activity. Currently, the port is building some spectacular infrastructures including: a new terminal…
Chinese shipbuilder on the SGX Main Board Yangzijiang Shipbuilding Holdings Limited announced that it has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC).The shipbuilding contract was secured from an Australia…
