According to a Nov. 4 report from www.al.com, attorneys for Bender Shipbuilding & Repair Co. reached an agreement Tuesday with creditors that will allow the bankrupt Mobile, Ala. company to borrow up to $6m while it tries to sell assets.(Source: www.al.com)
Seaspan Corporation (NYSE: SSW) announced the financial results for the three and nine months ended September 30, 2009. Third Quarter 2009 and Year-to-Date Highlights: - Reported revenue of $74.1 million and $207.0 million, respectively…
On the morning of November 5th a General Cargo ship and a Bulk Carrier were attacked in the Gulf of Aden. Cooperation between EU NAVFOR and NATO prevented two more hijackings.Early in the morning, MV Theoforus I, a Panama flagged Bulk Carrier…
Seaware AB announced a new major upgrade for its Seaware Routing software, introducing cost-based ship route optimization. The Seaware Routing software is designed to facilitate on board weather presentation and ship route planning, and…
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed an agreement with Commerzbank and West LB on waiver terms for $70 million of our outstanding debt…
The 378-ft Coast Guard Cutter Rush, homeported in Honolulu, Hawaii, arrives in Shanghai, Sunday, Nov. 1, 2009. The crew of the Rush is in China to engage in maritime partnerships and cultural exchanges. (U.S. Coast Guard photo by Petty Officer 1st Class Christopher Evanson)
Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced its operating and financial results for the third quarter and nine-month period ended September 30…
Cargotec has won a contract to supply six Kalmar E-One² rubber-tyred gantry (RTG) cranes to Namport in Namibia for increasing operational efficiency at their Walvis Bay port. The RTGs will be delivered during the second half of 2010. The…
The Margaret Hill, a 50,700 tonne liquid natural gas tanker, was stopped from leaving the UK’s Southampton docks in August this year. The Environment Agency took swift action after it received intelligence that the ship was bound for dismantling on the Indian subcontinent…
1882-At half past 4 in the afternoon the lookout at Station No. 8, Tenth District (Forty Mile Point, Hammond’s Bay Lake Huron) discovered a small boat north of the station about six miles distant, drifting out into the lake apparently unmanageable…
1851 - U.S. Navy expedition under command of LT William Lewis Herndon, on a mission to explore the valley of the Amazon and its tributaries, reaches Iquitos in the jungle region of the upper Amazon after their departure from Lima, Peru. 1941 - On Neutrality Patrol…
Challenging economic conditions didn’t stop a record number of industry professionals from attending The Society of Naval Architects and Marine Engineers (SNAME) 2009 Annual Meeting and Expo. The three-day event (October 21-23) drew more than 1…
Salvage crews from international salvage company Resolve Marine Group, Inc. have begun recovery work on the iron ore carrying vessel Black Rose which sank last month in the Bay of Bengal, India. Resolve’s team was awarded the tender by the…
In this photo by the U.S. Coast Guard, a boat crew from Coast Guard Marine Safety and Security Team Boston escorts the Pre-Commissioning Unit (PCU) New York as the ship sails into New York Harbor Monday, Nov. 2, 2009. The amphibious transport dock (LPD 21)…
Divers patched a hole in the motor vessel Pac Alkaid Nov. 1, preventing further spillage of oil into the Gulf of Mexico and enabling the freight ship to successfully transit up the Mississippi River to a shipyard in New Orleans. The initial discharge of an estimated 12…
