Latest News - page 2559

 

BIMCO to Draft Standard Security Contracts

Nov 22, 2011

With the increasing use of armed guards on ships and the fear that second-rate security firms may take advantage of the piracy situation, BIMCO is forging ahead with the development of a standard contract for the employment of armed guards. The new contract…

H2O Names Dixon Project Manager

Nov 22, 2011

H2O, Inc., a leading water system equipment provider, has named David N. Dixon Project Manager, announced H2O President Jess Fike.Based in Lafayette, La., Dixon’s responsibilities include project management and scheduling for complex engineering…

Wärtsilä to Acquire Hamworthy plc

Nov 22, 2011

Wärtsilä Corporation reached agreement with the Board of Hamworthy plc, a UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy. Under the terms…

No Recordable Incidents for Signal Texas

Nov 22, 2011

Signal International announced that on November 16th, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence of an OSHA recordable incident. This is a significant safety milestone…

Powell Named President of JMS Naval Architects

Nov 21, 2011

JMS Naval Architects & Salvage Engineers (JMS) has named Blake Powell to the position of President. Mr. Powell previously served as Vice President. Rick Fernandes, who has been with the firm since its founding, has been named Vice President…

XL Establishes Inland Marine Field Ops

Nov 21, 2011

To put its marine insurance experience closer to their clients, agents and brokers, the Marine insurance unit at XL Group plc (NYSE: XL) announced additional underwriting appointments further establishing its inland marine field operation. XL’s new Inland Marine Field team includes Michael Perrotti…

First LNG Carrier to Oman Drydock

Nov 21, 2011

One of the biggest and most modern ship repair yards in the Middle East, Oman Drydock Company (ODC), has recently received its first LNG carrier, the Muscat LNG, owned by Oman Shipping Corporation SAOC. As part of its middle term service, Muscat…

General Dynamics Wins $73m Naval Sea Systems Contract

Nov 21, 2011

General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), won a contract for Hull, Mechanical and Electrical (HM&E) Machinery and Systems support by the U.S. Navy’s Naval Surface Warfare Center, Carderock Division (NSWCCD)…

This Day in Navy History

Nov 21, 2011

November 191813- Capt. David Porter claims Marquesas Islands for the United States.1943 - Carrier force attacks bases on Tarawa and Makin begun.1943 - USS Nautilus (SS-168) enters Tarawa lagoon in first submarine photograph reconnaissance mission…

U.S. DOJ: Guilty Plea in Price Fixing Case

Nov 21, 2011

Florida-Based Sea Star Line LLC Agrees to Plead Guilty and Its Former President Is Indicted for Price Fixing on Coastal Freight Services Between the Continental United States and Puerto Rico Sea Star Line Also Agrees to Pay $14.2 Million Criminal Fine…

GPA: Engineering Ideas Into Reality…

Nov 21, 2011

The motto at Guido Perla & Associates, Inc. (GPA) for over thirty years and continuing to this day has always been: Engineering Ideas into Reality. For clients worldwide, no matter how large or small the project, from single vessels to an unprecedented number of vessels in one series…

Oil & Gas Firms: Key Role in Asia

Nov 21, 2011

International oil companies remain vital to the growth of Asian oil and gas industry. Asia still requires the injection of profit-driven innovation from international oil companies, sector leaders claim. Asia needs international oil companies…

Barclay's Oil & Gas: Cautiously Optimistic

Nov 21, 2011

Walter Cumming, head of oil and gas, Barclays Corporate, weighs in. The theme of cautious optimism remains as we move towards the end of the year and all eyes are on the 2012 budget as the industry hopes to see longer-term certainty and clarity in areas such as decommissioning…

Petrobras Awards $1B Vessel Contract

Nov 18, 2011

The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline…

Bath Iron Works Lays Keel of DDG 1000

Nov 18, 2011

On November 17, 2011, General Dynamics Bath Iron Works celebrated the keel laying of Zumwalt (DDG 1000), the first ship in the planned three-ship Zumwalt class of guided-missile destroyers.  The keel unit is the 4,000-ton, heavily outfitted mid-forebody section of the ship…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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INDIA RUPEE - Rupee's appreciation is capped by dollar offers from state-run and foreign banks
Tanjug Agency reports that the US has postponed sanctions against Serbian NIS Oil Company for a fourth time.