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NATO Operation Ocean Shield today said that at  1323 UTC  February 18,  a yacht was reported hijacked by pirates in position 18°00 N 061°02 E.The BBC quotes Ecoterra International as identifying the yacht as the…
A.P. Moller-Maersk will announce Monday that it has ordered ten 18,000 TEU containerships from Korea's Daewoo Shipbuilding and Marine Engineering, according to wire services. The order has been long anticipated and it is thought that…
Bankrupt Quebec shipbuilder Davie Yards has gotten another order from the Québec Superior Court extending the stay of proceedings against it under Canada's Companies' Creditors Arrangement Act ("CCAA") until March 10, 2011. Davie says that…
Judge Martin Feldman, of the U.S. District Court for the Eastern District of Louisiana, today ordered the administration to move quickly on permits for new deepwater oil wells in the Gulf of Mexico.  He said…
The Marine Well Containment Company today announced the completion and availability of an initial well containment response system that will provide rapid containment response capabilities in the event of a potential future underwater well control…
The International Union of Marine Insurance has welcomed the announcement by the International Chamber of Shipping that it is now taking a more neutral position on the use of private armed security personnel on board…
STX Finland Oy has signed a contract with the Ministry of Fisheries and Marine Resources of the Republic of Namibia, Worth about EUR 35 million, the contract is for the construction of a fisheries research…
Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), announced today that the Commonwealth of Pennsylvania has agreed to partner with the shipyard and to fund the purchase…
Maersk Alabama pirate Abduwali Muse has been sentenced to 405 months in prison for his role in the April 2009 hijacking and hostage taking and in the earlier hijackings of two other ships. In addition…
The U.S. Maritime Administration has awarded contracts totaling $77 million to three companies to operate 10 National Defense Reserve Fleet ships through July 27, 2015.The contracts were awarded to Ocean Duchess Inc. of Houston, Texas…
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