Huntington Ingalls Industries, Inc. (NYSE:HII) received a $56.5 million contract modification, under a previously awarded contract, for continuation of long lead time material procurement associated with construction of the nuclear-powered aircraft carrier John F…
Aker Solutions' operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion.'We have a strong…
The Shipowners’ Club, one of the few P&I Clubs to offer specialist yacht insurance, has taken a new approach to yacht liability, offering an All-Risk policy that seeks to de-mystify aspects of the traditional wording contained in typical P&I…
Global container shipping and logistics group Neptune Orient Lines (NOL) reported a net loss of $67 million for the first half of 2011 compared to a $1 million net profit in the same period a year ago. The Group said it lost $57 million in the second quarter of 2011…
HARTFORD, Conn., August 11, 2011 – The Travelers Companies, Inc. is pleased to announce the appointment of Raymond T. Martino as the President of its Ocean Marine business unit. Martino is responsible for the overall leadership and management of Travelers Ocean Marine…
This year’s MTS Houston Section Barbecue will be held on October 20, 2011 at Thrustmaster of Texas’s North Houston location off 290/FM529. This major fund-raiser event attracts over 400 participants, as well as some 50 exhibitors. More information available on the web at http://www…
The next MTS Houston Section luncheon will be held on August 25 2011 and will feature a presentation by Paul Hillegeist, Quest Offshore. Paul will provide an overview of a new study released in July by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API)…
XL Insurance, the insurance underwriting operations of XL Group (NYSE: XL), appointed Richard DeSimone as President of its US Ocean and Inland Marine unit. DeSimone will be based in New York and reports to Neil Robertson, Chief Executive, Global Specialty in London…
Marine Travelift has announced the promotion of Erich Pfeifer to President and Chief Operating Officer beginning August 10, 2011. Erich Pfeifer is succeeding the company’s President and CEO for the past eight years, Steve Pfeifer. Steve Pfeifer…
Tsakos Energy Navigation Limited (TEN) announced that its Board of Directors has authorized a new share repurchase program on the company’s common shares allocating up to $20 million for purchases in the open market and in other transactions…
Huntington Ingalls Industries, Inc. reported second quarter 2011 sales of $1.56 billion, down 2.9 percent from the same period last year, and operating margin of 5.8 percent, up from negative 1.2 percent last year. Second quarter diluted earnings per share was $0…
Marine and offshore fluid handling specialist Hamworthy has launched a new learning initiative aimed at offering tailor-made training packages for its end users. The service, Hamworthy Academy, includes a range of courses which are designed…
It’s been called everything from the Graveyard of the Atlantic to Torpedo Junction. By whatever name, the seas off the coast of North Carolina during World War II were the site of a devastating period for the United States, during which dozens…
STAR Center, located in Dania Beach, FL, is launching into the Dynamic Positioning (DP) Training market, expanding its simulation training services to the offshore, cable laying and cruise ship markets in the Gulf of Mexico and beyond.In…
WASHINGTON — The U.S. Coast Guard announced Thursday publication in the Federal Register of a notice of proposed rulemaking (NPRM) designed to improve safety on towing vessels.The NPRM provides a layered approach to towing vessel safety that…
