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President Barack Obama today thanked Defense Secretary Robert M. Gates for his service as he officially announced his intention to nominate CIA Director Leon E. Panetta to lead the Pentagon after Gates retires June 30.Obama…
Bollinger Shipyards, Inc. has launched the first-in-class USCG "Sentinel" Fast Response Cutter (FRC), Bernard C. Webber from its Lockport, La., facility."We are pleased to announce the successful launch of the lead 'Sentinel' Class Fast Response…
U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) today announced that a federal court has granted a request by the U.S. Department of Justice to reduce the company's fine related to federal antitrust violations in…
Indian seafarers marched in Mumbai yesterday to demand action against piracy. The march was organized by the National Union of Seafarers of India (NUSI), the Maritime Union of India as well as shipowners' representatives. Its…
China's Yangzijiang Shipbuilding today reported record high quarterly earnings for the three months ended March 31 2011 ... and made it clear that capacity expansion is still very much part of its plans.Yangzijiang currently has…
Kirby Corporation  (NYSE:KEX)  plans  2011 capital spending of $220 to $230 million, including approximately $100 million for the construction of 40 new inland tank barges and three new inland towboats, and approximately $36 million in…
Kirby Corporation  (NYSE:KEX)  plans  2011 capital spending of $220 to $230 million, including approximately $100 million for the construction of 40 new inland tank barges and three new inland towboats, and approximately $36 million in…
Jumbo Offshore's DP2 offshore heavy lift vessel Fairplayer will next month install four subsea protection structures for production flowlines at 600 m water depth in the Laggan & Tormore fields. These gas condensate fields, owned…
Japanese classification society Nippon Kaiji Kyokai -- ClassNK -- has issued the world’s first type approval for corrosion resistant steel to the new NSGP-1 steel manufactured by Nippon Steel Corporation’s Oita Works. The approval certifies…
A skilled Merchant Marine and strong U.S. shipbuilding industry are critical to America's national and economic security declares the Navy League of the United States in its just-released 2011-12 Policy Statement.  The 32-page document credits…
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