The second of three stealth frigates, the 'Tarkash', is handed over to the Indian Navy by the Yantar Shipyard, Kaliningrad.Russia and India signed a $1.6 billion contract on construction of three modified Krivak III class (also known as Talwar class) guided missile frigates for India in 2006…
Shipyards in the major exporting regions all report significant year-on-year drops in new contracting activity.For new-buildings there is no doubt that the market continues to remain challenging, particularly for the larger and more conventionally orientated facilities…
Prince Khaled bin Sultan of the Kingdom of Saudi Arabia recognized for marine wildlife conservation & science contributions.Prince Khaled is the founder of the Khaled bin Sultan Living Oceans Foundation, dedicated to conservation of the world's oceans…
Huntington Ingalls Industries reports third quarter 2012 revenues of $1.60 billion, up 0.2 percent from the same period last year.Highlights: Revenues were $1.60 billion for the third quarter 2012 Diluted earnings per share was $0…
Carnival Cruise Lines to rename 'Carnival Destiny' as 'Carnival Sunshine' after US$155-million make-over.Among the new highlights is a new racing-themed water park featuring Carnival's longest water slide – 'WaterWorks' – with 40 different interactive water features…
Rolls-Royce officially opens its new European Marine Technology and Training Centre in Ålesund, Norway.The celebration, whose guest of honour was HRH Crown Prince Haakon of Norway, marked the formal opening of this 3,000m² ultra-modern facility…
Propulsion & power providers Tognum confirm 2012 forecast in financial report ended 30, September.Highlights: • Solid order intake at €2,296.3 million in the first nine months • Revenues increase to €2,092.7 million • Adjusted EBIT margin of 8…
Seventh Littoral Combat Ship (LCS) takes shape as Lockheed Martin team lays keel of the future 'USS Detroit'.The event was part of a time-honored keel laying ceremony that took place at the Marinette Marine Corporation shipyard in Wisconsin…
Los Angeles Board of Harbor Commissioners approve $127-million construction contracts for two major projects.Both projects are part of a $365 million expansion of the marine container terminal operated by longtime tenant TraPac, Inc. due to be completed in 2016…
An Action Plan adopted at recent IMO Forum in Suva, Fiji, to address safety concerning Pacific area dometic ferry operations.Recent losses of domestic ferries worldwide, including the sinking of the Rabaul Queen in Papua New Guinea in February 2012…
IMarEST Ship Propulsion Systems Conference speaker explains the government's new initiative in advance of upcoming meeting.The UK Government’s Technology Strategy Board (TSB) is shortly to announce the launch of a competition into vessel efficiency…
Euroseas Ltd. owner & operator of drybulk and container carriers publish financial reports period ending 30, September 2012Third Quarter 2012 Highlights: -Net loss of $0.8 million or $0.02 net loss per share basic and diluted on total net revenues of $13…
The American Waterways Operators (AWO) & Waterways Council, Inc. (WCI) warn barge transportation could stop in December.AWO and WCI call upon Congress and the Administration to address a developing situation on the Mississippi River which…
Global shipping, logistics & marine services provider GAC Group appoints Bengt Ekstrand as its new Group President.Ekstrand is currently Group Vice President of GAC’s Asia-Pacific region and was previously the head of the Middle East region…
Piracy off the Somali Coast falls to lowest levels in years as result of tough measures on land & at sea.As Kenyan Defense Forces continue to weaken Al-Shabaab on the ground in Somalia, new reports indicates Somali pirates off the coast have similarly been weakened this year…
