The second quarter of 2011 saw slightly improved time charter equivalent (TCE) revenue resulting in improved results compared to the first quarter 2011, and led to an impoved H1 2011 EBITDA compared with H1 2010. EBITDA in Q2 2011 was $4.8 million…
As pirates raise the stakes on a number of key ocean trades, simple, cost-effective preventive measures can be put in place to protect ships and their crew in a matter of hours, according to Paul Friedberg, President of Goltens Worldwide Services…
Danaos Corporation (NYSE: DAC) on August 22, 2011 took delivery of a new containership, the CMA CGM TANCREDI, expanding its operational fleet to a total of 57 containerships aggregating 274,089 TEU. The CMA CGM TANCREDI, built at Shanghai…
The Seamen’s Church Institute (SCI) recently enlarged the staff of licensed instructors at its Center for Maritime Education in Houston, adding to its ranks Captain Christine Shank, a former Kirby Inland Marine captain. Shank joins two other staff members working from SCI’s training facility…
Military Sealift Command dry cargo/ammunition ship USNS Richard E. Byrd left Cam Ranh Bay in southern Vietnam today, marking the end of a historic visit - the first by a U.S. Navy ship to the port in more than three decades. Byrd spent seven…
1864 - RADM David Farragut's squadron captures Fort Morgan at Mobile Bay winning control of Mobile Bay1958 - Massive concentration of Pacific Fleet in Quemoy-Matsu area prevents invasion of islands by China.1958 - In Taiwan Straits Crisis…
According to a report on Reuters, South Korea's Daewoo Shipbuilding and Marine Engineering has won a deal to build five 13,100 TEU containerships for Hyundai Merchant Marine, for a reported $639m. (Source: Reuters)
According to a Reuters report, a chemical oil tanker thwarted a hijack attempt by pirates near the Omani port of Salalah Sunday, a day after a tanker and crew were taken from inside the port in front of the coast guard.According to reports cited in the Reuters story…
According to a report issued by Platts, LNG consumption in Japan could increase by 800,000 mt/month in a worst-case scenario in which none of the nuclear reactors due to go offline for planned maintenance over August 2011-April 2012 were allowed to resume operations…
According to a Bloomberg Report, China’s LNG imports rose to a record in July as consumption continueds to climb. LNG imports reportedly gained 66 percent to 1.18 million metric tons, according to data from the Beijing-based General Administration of Customs…
Industry and product experts will deliver thought leading perspectives for the shipyard.Cambridge, UK - 23 August 2011: AVEVA (LSE:AVV), a leader in engineering design and information management solutions for the plant, power and marine industries…
Paul C. Jensen, CEO of Halo Maritime Defense Systems (HMDS),announced the addition of the Honorable Jay M. Cohen, Rear Admiral USN (ret), as Chairman of the Board. Admiral Cohen is a native of New York. He was commissioned in 1968 upon graduation from the United States Naval Academy…
Honeywell has completed its acquisition of EMS Technologies, Inc., for approximately $491 million. EMS is a leading provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications.The acquisition…
Vessel named for Coast Guard hero Richard Etheridge. The U.S. Coast Guard’s second, 154-foot Fast Response Cutter, the Richard Etheridge, was launched at Bollinger Shipyards in Lockport, La., Thursday, marking a significant milestone in…
The Women’s International Shipping & Trading Association (WISTA) Pacific Northwest Chapter is gathering for a tour of the U.S. Coast Guard Sector Seattle Command Center on August 26, 2011 at 4:00 PM. Following the tour, the group will relocate to Salty’s on Alki Beach…
