OSG files for Chapter 11
NOVEMBER 14, 2012 — Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) today filed voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the U.S. Bankruptcy Court for the District
Demand for high end subsea vessels is still high
NOVEMBER 14, 2012 — “Despite the soft market for some of our core products, STX OSV is still seeing a healthy level of project enquiries, especially in the offshore subsea construction vessel
CIT Group launches maritime finance business
NOVEMBER 13, 2012 — Svein Engh has been appointed Managing Director and Group Head of CIT Maritime Finance, a new business launched by CIT Group Inc. (NYSE: CIT) to originate and underwrite
NASSCO floats out first MLP ship
NOVEMBER 13 — General Dynamics NASSCO today completed the complex float out operation for the first Mobile Landing Platform (MLP) ship, USNS Montford Point, at its San Diego shipyard. Construction is progressing
Academy training ships house FEMA Sandy responders
NOVEMBER 13, 2012 Maritime academy training ships have been put in service to house FEMA personnel involved in Hurricane Sandy relief efforts. Among them are the Massachusetts Maritime Academy’s T.S. Kennedy, which
Waller Marine to develop small-scale LNG terminals
NOVEMBER 13, 2012—Liquefied natural gas has sparked strong interest as a marine fuel because of the abundance of natural gas, relatively low price and attractive environmental performance. One challenge is the ready
Herbert Engineering’s Michel to be Webb Institute President
NOVEMBER 13, 2012 — R. Keith Michel, Chairman of the Board of the Herbert Engineering Group of Companies, has been appointed President of Webb Institute, effective July 1, 2013. The appointment was
New river radar approved for European waterways
NOVEMBER 13, 2012 — Rotterdam-headquartered Imtech Marine and Furuno and have jointly developed an innovative product for inland waterway shipping. The RHRS 2014 river radar is a revolutionary color radar with a
Ambrey Risk gains Panama security accreditation
NOVEMBER 13, 2012 — U.K.-based maritime security specialist Ambrey Risk has become one of the first maritime security companies to be granted official accreditation by the Panama Maritime Authority allowing it to
Newport News Shipbuilding launches SSN 783
NOVEMBER 12, 2012 — Huntington Ingalls Industries (NYSE:HII) reports that its Newport News Shipbuilding division launched the Virginia-class submarine Minnesota (SSN 783) into the James River on November 3. “Launch is a