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General Dynamics (NYSE: GD) reports that it has entered an agreement to acquire MetroMachine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. The value of the cash transaction, which is expected to be accretive to General Dynamics' earnings beginning in 2012, has not been disclosed. The transaction is subject to normal reg ...

Great Lakes Shipyard, Cleveland, Ohio, has booked contracts worth $23 million to build two new 50-ton bollard pull ASD tugboats for Seacor Holdings affiliate Caribbean Tugz, LLC. To be built simultaneously, they will be used for ship docking and escort operations at the Hovensa Oil Refinery in St. Croix, U.S. Virgin Islands. ...

The Italian Navy reports that this morning the destroyer Andrea Doria, deployed in the Indian Ocean as part of NATO's operation Ocean Shield, came to the aid of the Cyprus-flagged general cargo ship Pacific Express, which had been under a pirate attack that had lasted almost all the previous night.The crew thwarted the attack by using Best Management Practic ...

Marine Well Containment Company (MWCC) has announced the delivery of an integral component to its expanded containment system, a new Aframax tanker. Named Eagle Texas in a recent ceremony in Takamatsu, Japan, the tanker will be operated by AET Tanker Holdings. The Eagle Texas will soon undergo extensive conversion and modification before taking up duties in the U.S. Gulf ...

MOL LNG Transport Co., Ltd., a subsidiary of Mitsui O.S.K. Lines, is adding the  TracPhone(R) V7 satellite communications system from KVH Industries, Inc., (Nasdaq:KVHI) to three of its LNG tankers. The systems will use KVH's global mini-VSAT Broadband(SM) service, which is being provided by KVH's partner, SKY Perfect JSAT, under the OceanBB brand name. SKY Perfect ...

Aberdeen, Scotland, based international diving equipment technology company Divex is receiving Carbon Trust support for its Launch and Recovery System (LARS) through the Offshore Wind Accelerator (OWA) program.OWA is a project launched by the Carbon Trust and eight international offshore wind farm developers to help meet the European Union's 15 percent renewable energy ...

Rosneft Marine UK Ltd., a subsidiary of Russian state-owned oil company OJSCRosneft, has introduced a new bunker delivery tanker to service the Port of Murmansk in Russia.The Russian-flagged RN Magellan is a 4,622 dwt bunker tanker built in 2007. The modern vessel is part of Rosneft Marine's on-going strategy to replace aging bunker tankers from the Soviet era. ...

This weeks launch of the 130,000 gt Carnival Breeze at Fincantieri's Monfalcone, Italy, shipyard featured a traditional coin placing ceremony. But lately Carnival Corporation has been sending less coin the way of shipbuilders in the shape of newbuilding orders. Instead, it has been buying back its own shares.The company recently repurchased 14.5 million shares of Carnival Corp ...

Wärtsilä's dual-fuel engines have exceeded 3 million running hours in both land-based and marine applications. The company says that this is a dual-fuel technology track record that cannot be matched by any other engine manufacturer.To date, the total number of Wärtsilä DF engines delivered for both marine and land-based applications is 470.Du ...

Federal, state and Bay-area officials yesterday announced a comprehensive civil settlement with the owners and operators of  M/V Cosco Busan, resolving all natural resource damages, penalties and response costs that resulted from the the 5,551 TEU containership striking the San Francisco-Oakland Bay Bridge in 2007 and the subsequent oil spill in the San Francisco Bay. ...