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This Day in Naval History – May 5

May 05, 2010

1944 - USS Comfort is commissioned in San Pedro, CA; first ship to be manned jointly by Army and Navy personnel1948 - VF-17A becomes first carrier qualified jet squadron (USS Saipan)1961 - CDR Alan Shepard Jr. makes first U.S. manned space flight…

Argus Subsea AZ-15J Subsea Tree

May 04, 2010

Argus Subsea, which manufactures innovative subsea products for time-critical fields, announced the introduction of the AZ-15J subsea tree and wellhead system. Specially designed for jack-up mobile drilling units, the Argus AZ-15J is the world’s…

Northrop Grumman Radar Systems Follow-On Order

May 04, 2010

Northrop Grumman Corporation (NYSE:NOC) received a follow-on order from the U.S. Naval Sea Systems Command for additional AN/SPQ-9B shipboard radar systems. Under the fixed-price $41.4m contract option, Northrop Grumman's Maritime Systems facility in Melville…

Northrop Grumman Q1 Profit Up 20%

May 04, 2010

According to a May 3 report from The Associated Press, Northrop Grumman Corp. said its first-quarter profit increased 20 percent, led by strong growth in shipbuilding. Business improved for nearly every sector in which the company operates, except for a 1% decline in information systems…

New Century Shipbuilding Public Offering

May 04, 2010

According to a May 3 report from The Straits Times, Chinese shipbuilder New Century Shipbuilding has launched its initial public offering (IPO) with plans to raise $666.4m, which will make it the largest listing in the market since CapitaMalls Asia's debut late last year…

Megayacht's Carbon Fiber Arch Delivery

May 04, 2010

GMT Composites recently shipped a twelve-legged carbon fiber antenna and instrument arch to Holland Jachtbouw (Zaandam, The Netherlands). This has just been installed on an in-build 140-ft aluminum superyacht, due for launching later this year…

Cahill Mystic Seaport Education & Outreach Director

May 04, 2010

Mystic Seaport has named Sarah Cahill its new director of museum education and outreach.  She will begin June 7. Cahill will lead the Museum’s education department in the expansion of its public history educational programs. She will guide Mystic…

Ribcrafts for James City County Police

May 04, 2010

Ribcraft, manufacturer of professional grade rigid inflatable boats for law enforcement, safety professionals, and military agencies, announced the delivery of two Ribcraft 6.5's to the James City County Police Department in James City, Va.…

Baltic Trading Limited Q1 2010 Results

May 04, 2010

Baltic Trading Limited (NYSE: BALT) reported its financial results for the three months ended March 31, 2010. The following financial review discusses the results for the three months ended March 31, 2010. As expected, the company had no vessels in operation during the quarter…

Genco Shipping & Trading Q1 2010 Results

May 04, 2010

Genco Shipping & Trading Limited (NYSE:GNK) reported its financial results for the three months ended March 31, 2010. The following financial review discusses the results for the three months ended March 31, 2010 and March 31, 2009.First…

Deep Down to Acquire Cuming Corp.

May 04, 2010

Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, announced entry into a conditional purchase agreement to acquire Cuming Corporation…

Genco Shipping & Trading Time Charter

May 04, 2010

Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to sign a time charter for the Genco Predator, a 2005-built Supramax vessel, with Pacific Basin Chartering Ltd. for approximately 11 to 13.5 months at a rate of $22…

This Day in Coast Guard History – May 4

May 04, 2010

1882-The Secretary of the Treasury was authorized to discontinue any lifesaving station, transfer apparatus, appoint keepers, etc.1910-Congress required every passenger ship or other ship carrying 50 persons or more, leaving any port of United States…

This Day in Naval History – May 4

May 04, 2010

1917 - First Navy ships, Destroyer Division 8, arrive at Queenstown, Ireland, to provide convoy escorts against German U-boats1942 - Battle of Coral Sea, first carrier vs. carrier battle, begins1945 - Japanese attempt to land on Okinawa repulsed…

T&T Marine Salvage Surveys Sunken Vessel

May 03, 2010

T&T Marine Salvage conducted survey operations of a sunken passenger vessel in 220 ft of water near Limbones Island. T&T Marine Salvage mobilized an ROV operator and compact ROV System that surveyed the sunken vessel and located key entry points…

Logistics News

Oakland Board of Port Commissioners Elects New Board President

Oakland Board of Port Commissioners Elects New Board President

IHI, Vopak Collaborate to Develop and Operate Japanese Ammonia Terminal

IHI, Vopak Collaborate to Develop and Operate Japanese Ammonia Terminal

Latin America's First Electric Tug Debuts

Latin America's First Electric Tug Debuts

Houthi Leader: Shipping Goods Related to Israel Through the Region Isn't Permitted

Houthi Leader: Shipping Goods Related to Israel Through the Region Isn't Permitted

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