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Latest News - page 2825

 

This Day in Coast Guard History – March 19

Mar 19, 2010

1943-  British Steamer Svend Foyne was a victim of an iceberg collision off the southern tip of Greenland.  One hundred forty-five persons were rescued by the Coast Guard and others.  International Ice Patrol was suspended during this period (1942-1945)…

This Day in Naval History – March 19

Mar 19, 2010

1898 - USS Oregon departs San Francisco for 14,000 mile trip around South America to join U.S. Squadron off Cuba1917 - Navy Department authorizes enrollment of women in Naval Reserve with ratings of yeoman, radio electrician, or other essential ratings…

Topaz Announces $65M Profit for 2009

Mar 18, 2010

Topaz Energy and Marine announced its audited financial results for 2009. Topaz posted revenue of $448 million, EBITDA of $ 127 million and Net Profit of $ 65 million demonstrating year on year growth of 7%, 14% and 38% respectively. The growth…

Rolls-Royce Promas Lite for Carnival Glory

Mar 18, 2010

Carnival Cruise Lines has selected the Rolls-Royce propulsion system Promas Lite, combining propeller and rudder, for their cruise vessel Carnival Glory. Preliminary analysis of speed/power trials measurements indicates an increased propulsive efficiency improvement by 11-13 %…

Bourbon 2009 Financial Results

Mar 18, 2010

For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate…

MMWC Propeller Arresters

Mar 18, 2010

The Merchant Maritime Warfare Centre (MMWC), a UK based maritime anti-piracy organization, is launching their latest countermeasure, the MMWC Propeller Arresters. This is a non-lethal countermeasure to protect vessels underway regardless of vessel type…

Bourbon 2009 Financial Results

Mar 18, 2010

For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate…

Record-Breaking Profits for Rafael in 2009

Mar 18, 2010

Rafael develops and manufactures advanced defense systems for the Israel Defense Forces and armed forces around the world, operating from a strong financial foundation resulting from exports to international markets. Rafael is the largest employer in Northern Israel…

Tsakos Q4 & 2009 Results

Mar 18, 2010

2009 Highlights:- Voyage revenues of $444.9 million versus $623.0 million in 2008 - Income of $47.8 million (before vessel impairment charges of $19.1 million) versus $202.9 million (no impairment charge) in 2008 - EPS of $0.77 (diluted) ($1…

Pfeifer VP of Business Dev, Marine Travelift

Mar 18, 2010

Marine Travelift, Inc. announced the promotion of Erich Pfeifer to Vice President of Business Development and Marketing. Pfeifer will be responsible for all industrial and government sales, as well as marine sales in the Americas.  He will also…

Statoil Initial Public Offering

Mar 18, 2010

Statoil's Board of Directors (OSE: STL, NYSE: STO) has decided to start a process to list its energy and retail business on the Oslo Stock Exchange. Further to the announcement made on the 3rd of February 2010, Statoil's Board of Directors has…

HB Rentals Supplies Shenzi Platform

Mar 18, 2010

Accommodations specialist, HB Rentals, a Superior Energy Services company, will provide a two-building accommodations package for the Shenzi tension leg platform (TLP) in the Gulf of Mexico. The package will consist of two ABS- and USCG-compliant eight-man sleeper units with a…

Sorensen MCP Managing Director, Americas

Mar 18, 2010

Maritime Communications Partner (MCP), wireless communications provider to the cruise industry, announced that it has appointed Fred Sorensen as its new Managing Director for the Americas. He succeeds Steinar Stromsvag who has been in charge of MCP’s Miami office since 2005…

Korean Register Breaks Ground in Busan

Mar 18, 2010

At a ceremony in Busan, Korea on 12 March, the chairman and CEO of the Korean Register – an IACS member classification society – together with over 300 VIP guests, formally broke the ground to start construction of KR’s new head office. As part of its continuing international development plans…

Polar Tankers to Pay $588K for 2004 Spill

Mar 18, 2010

Polar Tankers Inc., a subsidiary of ConocoPhillips Co., has agreed to pay $588,000 to help compensate the public for environmental harm caused by the October 2004 crude oil spill into Puget Sound’s Dalco Passage near Tacoma. The payment…

Logistics News

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Encomara Squid Connection System Qualifies for Commercialization

Encomara Squid Connection System Qualifies for Commercialization

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

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