Naval Surface Warfare Center, Carderock Division (NSWCCD) completed Military Sealift Command hospital ship USNS Mercy (T-AH19) Anemometer Positioning Evaluation (APE) testing in support of Naval Air Systems Command (NAVAIR) and Military Sealift Command (MSC)…
Group’s 4Q 2012 performance improves 75%; meets cost saving goal of US$500 millionGlobal container shipping and logistics group Neptune Orient Lines (NOL) reported fourth quarter 2012 Core EBIT (Earnings Before Interest and Taxes) loss of US$69 million…
ABB to fund 40 research projects at universities worldwide that will shape the future of power and automation.The ABB Research Grant program is intended to support promising graduate students and senior researchers who are researching projects…
The Polarled-pipeline will export gas from Statoil's Aasta Hansteen field in the Norwegian Sea to the Nyhamna gas plant.Statoil has awarded Marubeni Itochu/JFE the fabrication contract for linepipe to the Polarled project, while Wasco has been awarded the coating contract…
Seafarer Exploration Corporation complete phase 1 on Lantana Beach, FL shipwreck site, move on to dig & identify phase 2.The dig and identify permit allows Seafarer to dig and determine various artifacts to help identify the ship. The final phase of excavation will be Phase III…
COSCO Group achieved net profit attributable to equity holders of $105.7 million on turnover of $3.7billion in 2012.Group turnover decreased 10.3% to $3.7 billion in 2012 from $4.2 billion in 2011 owing to a decrease in shipyard and dry bulk shipping revenue…
The Director, Navy Staff, Vice-Adm. Richard W. Hunt, recommends the LCS council continue, looks to program future.In a recent memo to the Chief of Naval Operations , the Director, Navy Staff, Vice Adm. Richard W. Hunt provided an update…
Police in Prachuap Khiri Khan arrest 4 crew of a fishing boat modified to carry 100,000 ltrs of untaxed diesel oil.The men confessed that the oil was provided by the vessel's owner, who ordered them to sell it while at sea, which they had…
Michigan Boating Industries Association (MBIA) applauds introduction of legislation to help marinas during dredging crisis.Senate Bill No. 215, introduced by Senators Brandenburg, Hansen, Casperson, Booher, Green, Walker, Robertson, Jones…
International Shipholding Corporation closes public offering of $25 Million of its 9.50% Series A cumulative redeemable perpetual preferred stock.Dividends will be payable on the Series A Preferred Shares at an initial rate of 9.50% per annum of the stated liquidation preference when…
The Apprentice School gymnasium at Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division transformed.Using materials such as duct tape and marshmallows, NNS, in partnership with NASA Langley Research Center and the Peninsula Engineering Council (PEC)…
The Coast Guard has lifted the order restricting the movement of the conical drilling unit 'Kulluk' from Kiliuda Bay, Alaska.“I reviewed all of the relevant and available information and determined that Shell has met the requirements of the Captain of the Port Order…
The Maritime Employers Association & the Longshoremen's Union Local 375 sign a new 6 year collective agreement.The Maritime Employers Association and Local 375 CUPE Longshoremen's have just inked a new collective agreement which will allow…
The three New York, New Jersey based Coast Guard tugboats of these names celebrate their 50th Anniversary.To celebrate their years of service, the 65-foot harbor tugs steamed together north on the Hudson River, beginning at the Poughkeepsie Walkway over the Hudson to Kingston…
MIT Technology Review’s 2013 list of 50 disruptive companies shows that innovation is far from dead.Among the usual suspects such as Amazon, Apple, Facebook and Google the publication of the prestigious Massachusetts Institute of Technology…
