According to an April 27 report from The Business Times, there has been a slew of upgrades on the offshore and marine, and shipping sector on account of early signs of a pick-up in new-builds. Yangzijiang's stock has risen some 28 per cent this…
According to an Apr 27 report from TradingMarkets.com, Hyundai Steel Co. (KSE;004020), South Korea's No. 2 steelmaker, said its net profit rose nearly five-fold in the first quarter from a year ago thanks to increased sales. The company earned $222…
On April 21, the United States District Court for the Southern District of Florida found that DeAngelo Marine Exhaust willfully infringed on two of Marine Exhaust Systems, Inc.'s U.S. patents and that these patents are valid and enforceable…
Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced that it has entered into shipbuilding contracts with a Chinese shipyard for the construction of two Handysize drybulk vessels…
Scorpio Tankers Inc. (NYSE: STNG) announced that it entered into agreements to purchase four double hulled Handymax tankers for an aggregate purchase price of $99m. The ships, which are charter free, are scheduled to be delivered between May and September 2010…
Holland America Line contributed $357m to the Seattle economy and $481m to Washington state, mostly stemming from the cruise line's Seattle to Alaska itineraries. Holland America Line has added a fourth ship to the Seattle contingent, which…
The BRAtt project evolved from Ron Burchett’s training programs for tug operators using radio-remote controlled scale models. Why not build a model that is large enough for the operator and instructor to ride on and learn in the same space frame of reference as the boat…
CEPSA Marine Fuels’s new office has been moved to a new CEPSA building in the area. The new remains close to Madrid’s airport (Barajas) and is within the same business park (Campo de las Naciones). The new mailing and visiting address is:CEPSA Marine Fuels…
Northrop Grumman Corporation (NYSE: NOC), announced that it will locate its new corporate office in Virginia, concluding a search that also included the state of Maryland and the District of Columbia. 'We are pleased to have identified Virginia as the home for our new corporate office…
Kobelco Eagle Marine Engineering Ltd. (KEMEL) announced that its polyglycol-based stern tube and CPP/thruster gear lubricants ST-77 and TH-100 have recently received a U.S. Patent. Introduced to the marine market in 2005, there are now about 70 vessels taking advantage of this lubricant…
1908- Secretary of Commerce and Labor was authorized to patrol regattas and transfer that authority to another Department if need be. Thus the Revenue Cutter Service became the primary federal agency that patrolled regattas. 1918- CGC Seneca…
1962 - Naval forces capture Forts Jackson and St. Philip, LA1965 - Dominican Republic intervention began1944 - U.S. LSTs attacked during Operation Tiger1993 - SECDEF memo orders Armed Forces to train and assign women on combat aircraft and most combat ships…
Colle Maritime Company of Pascagoula Miss., a joint venture between Signet Maritime Corporation and Colle Towing Company, has been awarded a twenty-year contract to provide marine services to Angola LNG Supply Services LLC (ALSS) in the Port of Pascagoula…
Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, announced that it has completed the design and has begun construction of a 3…
Horizon Lines, Inc. (NYSE:HRZ) reported results for its fiscal first quarter ended March 21, 2010. On a GAAP basis, the first-quarter net loss totaled $13.2 million, or $0.43 per share, on revenue of $286.1 million. This compares with a net loss of $10…
