Ocean Power Technologies, Inc. (Nasdaq: OPTT) announced financial results for its fiscal fourth quarter and year ended April 30, 2011.• Contract backlog increased to a record $8.9 million as of April 30, 2011. This reflects $10.3 million of new orders brought in during fiscal year 2011…
The Maritime Authority of Jamaica has a new head office - right on the waterfront in Kingston. Customers of the MAJ and Jamaica Flag Registry are set to benefit from the new location which is also closer to the Maritime Training Institute and only seven minutes from the Port of Kingston…
1863 - USS Wyoming battled Japanese warlord's forces.1939 - Appointment of Rear Adm. Richard Byrd as commanding officer of 1939-1941 Antarctic Expedition.1943 - During Battle of Kolombangara in Solomon Islands, U.S. lost USS Gwin (DD 433)…
Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and provider of transportation services for dry bulk cargoes, announced the cancellation of four shipbuilding contracts for the construction of four bulk carrier vessels of 180…
Box Ships Inc., a shipping company specializing in the transportation of containers, announced today that it has entered into an agreement with an unaffiliated third party to purchase the MSC Emma, a 5,060 TEU Panamax containership built in 2004 at the Hanjin Heavy Industries shipyard in Korea…
The Nam Trieu Shipbuilding Industry Corporation (Nasico) under the Vietnam Shipbuilding Industry Group (Vinashin) on July 12 signed a contract to build a pair of ships, each capable of carrying 6,900 cars, for the Blystad group of Norway, according to a report on VOV news (http://english…
Officers from the Coast Guard’s office of investigations and casualty analysis attended a hearing of the National Transportation Safety Board which outlined findings and recommendations related to recent accidents involving Coast Guard vessels…
James D. Fernie has been appointed to the position of Business Development Manager, Gulf Coast Area for Lloyd’s Register North America, Inc., based in Houston. Fernie has held senior positions with ConocoPhillips, BG LNG Services and Marathon Oil…
U.S.-flag Great Lakes freighters carried 10 million tons of dry-bulk cargo in June, an increase of 5.2 percent compared to May, but a decrease of 3.3 percent compared to a year ago. The June “float” was also 3.9 percent below the month’s 5-year average…
SCI signed contracts for acquisition of two Supramax bulk carriers on resale basis which were originally contracted by M/s Grand Yard Investment Pvt. Ltd., China and were under construction at M/s Guoyu Shipyard, China. SCI had signed contracts for these two resale vessels during April 2011…
Ingram Industries Inc. of Nashville, Tennessee, and Pine Bluff Sand and Gravel Co. of Pine Bluff, Arkansas, announced today they have entered into an agreement for Ingram to sell its Ingram Materials LLC subsidiary to Pine Bluff. Ingram Materials…
Russian President Dmitry Medvedev vowed a complete review of passenger ships after a deadly accident left as many as 129 people dead on an unlicensed cruise vessel, according to a Bloomberg report. Seventy-one bodies have so far been recovered…
The head of Cyprus' navy, Andreas Ioannides, was reportedly among 12 people killed when seized containers of gunpowder exploded at its main base, according to a report from the BBC.According to the report, the defence minister and military chief have resigned over the incident…
Converteam in partnership with the U.S. Navy have successfully tested the DDG 1000’s high voltage Integrated Power System (IPS)(1) to full power at the Land Based Test Site located in Philadelphia, Pennsylvania.DDG 1000 is the first U.S. Navy…
After the critical shortages of containers of last year, production has picked up again, but high container prices and a tight ratio of containers to vessel slots will continue to constrain the availability of boxes, according to the Container…
