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Robert Raymond Ruks, 34, of Portsmouth, Va., was sentenced today to 37 months in prison, followed by a term of three years supervised release, for making false statements to Navy officials and federal agents by…
Jones Act carrier Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced unaudited financial results for its second quarter and six months ended June 30, 2011 that included net losses of $3.6 million for the…
Jim Thornton has been appointed director of environmental health and safety strategy and regulatory affairs at the Newport News Shipbuilding (NNS) division of Huntington Ingalls Industries, Inc. (NYSE:HII).In this new role, Mr. Thornton is responsible…
Norway’s Island Offshore recently christened the 120-meter-long offshore construction vessel, Island Intervention.Based on an Ulstein SX121 design the Island Intervention will carry out advanced operations in the Norwegian Sea this autumn.  Thw 120 m x…
Austal has been awarded a contract for the design, construction and through-life support of eight new 57.8 m patrol boats for the Australian Customs and Border Protection Service.The approximate value of the contract is A$330…
August 12, 2011

Red ink at NOL

Container shipping and logistics giant Neptune Orient Lines (NOL) today reported a net loss of US$67 million for the first half of 2011 compared to a US$1 million net profit in the same period a…
Mitsui O.S.K. Lines, Ltd. (MOL) reports that the energy-saving Propeller Boss Cap Fins (PBCF) device has now been ordered for 2,000 vessels worldwide. The PBCF breaks up the hub vortex generated behind the rotating propeller,…
Gustav Johan Nydal is leaving his position as President and CEO of Quebec shipbuilder Davie Yards to return to Norway where he has been appointed Yard Director of STX Norway Florø AS. He will assume…
The U.S. Coast Guard published today in the Federal Register a notice of proposed rulemaking (NPRM) designed to improve safety on towing vessels. The rule could impact more than 5,100 vessels that operate on the…
Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, Mass., recently delivered a new high-speed ferry to Fire Island Ferries, Inc., for operation on the south shore of Long Island in New York. The new 387-passenger, all-aluminum, mono-hull ferry…
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