More barges joined U.S. inland fleet in 2010

The U.S. inland barge fleet expanded 2 percent during 2010. The fleet expanded mainly for the fleet that increased in count for the first time since 1998. There were 873 new barges

Construction of new sternwheeler is ahead of schedule

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

Israel intercepts weapons shipment

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

Northrop Grumman board approves spin-off of shipbuilding business

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

Japan Drilling Company places $210 million jack-up order at Keppel FELS

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

Sanko and Hellespont form offshore service vessel JV

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 

Indian Navy neutralizes mother ship, seizes 61 pirates

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,

Seaspan and Carlyle Group in $5 billion ship acquisition joint venture

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 –

Ports in northeast Japan devastated by earthquake

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,

Kirby Corporation swoops on K-Sea in $600 million acquisition

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

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