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American Cruise Lines reports that construction of its new 140 passenger Mississippi sternwheeler at Chesapeake Shipbuilding in Salisbury,Md., is well underway and ahead of schedule. The hull is nearly complete and the superstructure is taking…
Israel Defense Forces (IDF) have seized a containership loaded with weaponry. The Liberian-flagged Victoria was intercepted yesterday morning some 200 miles west of Israel's coast. The ship is managed by Peter Doehle Schiffahrts-KG of Hamburg,…
Northrop Grumman Corporation (NYSE: NOC) today announced that its board of directors has approved the spin-off of its wholly owned subsidiary, Huntington Ingalls Industries, Inc. (HII), to Northrop Grumman stockholders, subject to final U.S. Securities…
Japan Drilling Company has placed its first newbuild offshore drilling rig order in six years. It has awarded Singapore's Keppel FELS shipyard a contract worth about $210 million for a KFELS Super B Class jack-up…
Sanko Steamship and Hellespont Group have set up a manning and ship management joint venture to serve their offshore service vessel fleets.The  Singapore-based JV company, Sanko-Hellespont Offshore Management Pte. Ltd. is owned  on an equal…
The Indian Navy has put a Somali pirates mother ship out of business and detained 61 pirate suspects.Here's the Indian Navy version of what happened. On the night of 12th Mar 11, at about 2100…
Seaspan Corporation, the Washington family, Gerry Wang and Graham Porter are partnering with the Carlyle Group and Tiger Group Investments to acquire more than $5 billion of ships. The joint venture - which according to…
The devastating earthquake and tsunami have caused extensive damage to the ports in northeastern Japan. These ports include Kashima, Hitachinaka, Hitachi, Onahama, Soma, Sendai, Shiogama, Ishinomaki, Kesennuma, Ofunato, Kamashi, Miyako and Hachinohe, according to the…
Inland tank barge giant Kirby Corporation (NYSE:KEX) is going coastal. It has entered a definitive agreement that will see coastwise tank barge operator K-Sea Transportation Partners L.P. (NYSE:KSP) become a wholly-owned Kirby subsidiary. K-Sea says…
A turbocharger specifically designed for small-bore, two stroke engines has completed an extensive test program on MAN Diesel & Turbo's turbocharger test bed in Augsburg, Germany.The TCA44 completes MAN's TCA turbocharger range for two-stroke engines…
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