According to an April 8 report from China Daily, as the shipbuilding industry struggles to recover from the global recession, China's ship scrapping business has become a smorgasbord for both factories and investors. Ship breaking or ship demolition…
According to an April 8 report from Pakistan’s Daily Times, the residents of the federal capital are buying water from tankers of Capital Development Authority (CDA) to meet their water needs. (Source: Daily Times, Pakistan)
Scorpio Tankers Inc. (NYSE: STNG) announced that it has closed on its previously announced sale of 12,500,000 shares of common stock in its initial public offering, and received net proceeds of $149.6m, after deducting underwriters' discounts and offering expenses…
Globus Maritime Ltd (AIM: GLBS) (LSE: GLBS), a global shipping transportation company that owns and operates Supramax and Panamax dry bulk carriers, announced that in line with its fleet renewal program it has agreed to purchase from an unaffiliated…
1909- Race Point, Massachusetts-The sloop Keewaydin IV’s mast was carried away and the sloop anchored 2 miles SW of station, but dragged ashore. Station crew was on the beach when she struck and the keeper rowed out surf and threw a heaving line on board…
1861 - Second relief convoy for Fort Sumter left New York1941 - Commissioning of USS North Carolina, which carried 9 16-inch guns1943 - Re-establishment of Commodore rank1959 - Selection of first 7 Mercury astronauts, include 4 naval aviators(Source: Navy News Service)
On March 31, 2010 the roof at the HDW Shipyard in Kiel, Germany slid open to reveal to the daylight the what is claimed to be the world’s largest solar powered vessel, a wavepiercer catamaran named Planet Solar. Appearing small against the back…
The U.S. Department of Transportation’s Saint Lawrence Seaway Development Corporation (SLSDC) together with Transport Canada, the Canadian St. Lawrence Seaway Management Corporation (SLSMC), the U.S. St. Regis Mohawk Tribe, and the Canadian…
The Marshal Islands flagged, crude oil tanker Samho Dream, previously reported hijacked approximately 600 nautical miles off the Somali coast in the early hours of 4 April has now arrived off the coast of Somalia. The Samho Dream, South Korean owned and operated…
ABCO Industries Limited recently launched a 60-ft Science Research Vessel for the Canadian Coast Guard. The vessel is currently undergoing trials and will be operating out of St. Andrews, NB on delivery.
According to an April 7 report from Bloomberg, Pipavav Shipyard rose 1.62% to Rs 78.60 at 13:47 IST on BSE after the company's board approved raising up to Rs 178 crore by issuing convertible debentures on preferential basis.(Source: Bloomberg)
According to an April 7 report from The Dong-A Ilbo, Samsung Heavy Industries said it will acquire about 1,000 more patents by investing $445m in the development of eco-friendly shipbuilding technologies by 2015. The company holds 1,000 patent rights…
Teekay Tankers Ltd. (NYSE: TNK) announced that it has priced its follow-on public offering of 7,700,000 shares of Class A common stock at $12.25 per share. The offering is expected to close on April 9, 2010, subject to customary closing conditions…
Conspiracy involving marine fenders, buoys and pilings provokes action by public and private interests in Texas and Louisiana. Baron & Budd, P.C. attorneys, working with attorneys from Los Angeles-based Glancy Bingow & Goldberg LLC, New York securities law firm Labaton Sucharow LLP…
Over 1,400 employees gathered at EMD’s headquarters and manufacturing campus in La Grange, Ill. to celebrate the company’s fifth year of independence since being spun off from General Motors Corporation in April 2005. Honored guests included U…
