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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 said Gates will go down in history as one of the finest defense secretaries in U.S. history.The president also nominated Army G ...

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 Cutter, Bernard C. Webber," said Bollinger executive vice president of new construction, Chris Bollinger. "This is ...

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 the Puerto Rico tradelane from $45 million to $15 million.  As a result of the reduced fine, Horizon Lines says that it is no lo ...

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 aim was to show solidarity with the ...

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 a 20 percent ownership stake in Jiangsu Xinfu Shipbuilding Co., Ltd. and last month said it planned to incre ...

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 progress payments on the construction of a new offshore integrated dry-bulk barge and tugboat unit with an estimated total cost of ...

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 progress payments on the construction of a new offshore integrated dry-bulk barge and tugboat unit with an estimated total cost of $5 ...

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 by Total and Dong Energy, are located 125 km north-west of the Shetland Islands. This region contains approx. 17 percent of remaining U.K. oil and gas reser ...

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 that the new steel, which has been specifically designed for application on the inner bottom of the cargo oil tanks of crud ...

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 the Jones Act and other U.S. maritime laws with pl ...