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Great Lakes bulk carrier operator Rand Logistics, Inc. (Nasdaq:RLOG) today reported results for its FY 2012 first quarter ended June 30, 2011.Marine freight revenue (excluding fuel and other surcharges, and outside charter revenue) was $30.7 million, an increase of 8.1 percent from $28.4 million. The increase came from a 4.1 percent increase in number of days sailed ...

Offshore drilling giant Transocean has made an all-cash offer to acquire Aker Drilling ASA. It has already received commitments for 60 percent of the listed shares.Aker Drilling operates two harsh environment, ultra-deepwater, sixth-generation semi-submersible rigs currently on long-term contract to Statoil and Det Norske in Norway. In 2013, Aker Drilling is expected to take ...

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 falsely certifying that he had inspected the hulls of Navy ships and submarines, when in fact he had not. Subsequent inspections found certain welds on these vessels to be defective. ...

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 quarter and $14 million for the six months. The company also said that if it is unable to refinance $82.5 million in public notes due in November 2011, ...

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 for the development and implementation of strategic initiatives related to environmental health and safety. He also wi ...

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 25 m vessel will be ...

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 million (A$280 million for design and construction and a minimum A$50 million in-service support). ...

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 year ago. The group said it lost US$57 million in the second quarter of 2011.NOL reported a 9 percent revenue increase in the first half of 2011 to US$4.595 billion. It announced 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, giving a 3-5 percent reduction in fuel consumption in the case of a large containership.Developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd. ...

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 his new role in early October 2011.As of an August 4 court filing with the Quebec Superior Court, Mr. Nydal was actually then the only remaining employee of Davie Yards, its assets h ...