Bridgestone cops plea in marine hose price-fixing case

Bridgestone Corporation has agreed to plead guilty and to pay a $28 million criminal fine for its role in conspiracies to rig bids and to make corrupt payments to foreign government officials

Somali said to be S/V Quest negotiator indicted in further piracy case

Mohammad Saaili Shibin, accused of being the negotiator for the ransom of four U.S. citizens held hostage on the high seas aboard the yacht S/V Quest has been indicted for his alleged

ABB books $200 million in marine orders from Asia

ABB reports that in the second quarter it booked orders for a total of $200 million from Samsung Heavy Industries, Hyundai Heavy Industries, Keppel FELS and Jurong Shipyard Pte Ltd., to supply

Fujairah shipyard launches wave piercing crew boat

Incat Crowther reports the launch of Topaz Zenith. Launched by Topaz Shipbuilding’s Fujairah, UAE, shipyard, this innovative 27.6 m wave piercing catamaran crew boat has been designed to support offshore energy installations.

TRANSCOM awards sealift contracts

The United States Transportation Command has awarded eleven companies contracts for cargo sealift transportation services under the Regional Domestic Contract (RDC-5S) program.  The contracts have a base period of four months and

Davie Yards poised to receive two ferry orders

Canada’s troubled Davie Yards is set to get orders for two ferries, once a planned acquisition by a consortium of Fincantieri and DRS Canada is complete. The Government of Québec has announced

EC eyes extension of security measures to non-ISPS vessels

The European Commission Directorate-General for Mobility and Transport has appointed Sentinel Maritime of the U.K. to study the impact of extending security measures to ships that do not currently fall within the

New Obama Iran sanctions hit maritime companies

More maritime companies have fallen foul of U.S. efforts to shut down Iran’s nuclear program — including Israel’s Ofer Brothers Group. It is one of two companies on which sanctions are being

Indian seafarers protest pirate Asphalt Venture hostage-keeping

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

Kirby invests $100 million in new tank barges

Kirby Corporation 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

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