Author: Administrator

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House panel looks at Navy shipbuilding plans

A hearing on “Navy Shipbuilding Acquisition Programs and Budget Requirements” held March 9 by the House Subcommittee on Seapower and Projection Forces produced some interesting testimony. The good news to emerge for

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USCG issues Port Security Advisory for Libya

The U.S. Coast Guard issued a Port Security Advisory for Libya today, suggesting security measures for ships to take when calling upon Libyan ports. Civil unrest in Libya has prompted U.S. government

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Horizon Line staves off credit agreement default

U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) says it has entered into a credit agreement amendment with its lender group, effective March 9, 2011. The deal waives a default under the

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Cecon ASA announces strategic developments

Subsea installation contractor Cecon ASA (OSLO:CECON), which is the largest customer of bankrupt Quebec shipbuilder Davie Yards, has announced a series of strategic developments. They follow the approved restructuring of the Cecon

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Keppel Shipyard books two fast-track contracts

Singapore’s Keppel Shipyard Limited, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured new contracts totaling S$170 million (about US $134 million) for two fast-track projects. The new