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Rand Logistics reports latest quarterly results

AUGUST 7, 2013 — Great Lakes operator Rand Logistics, Inc. (Nasdaq:RLOG) today announced its financial results for its fiscal year 2014 first quarter ended June 30, 2013. Rand, which operates both U.S.-flag

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Northrop Grumman donates software to U.S. Naval Academy

AUGUST 7, 2013 — Northrop Grumman Corporation (NYSE:NOC) recently donated $3 million worth of training software to the U.S. Naval Academy, continuing the company’s commitment to the educational development of future Navy

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Chinese-built PSVs to have ABB dry type transformers

AUGUST 7, 2013 — ABB is to supply China’s Fujian Mawei Shipbuilding Ltd. with 24 dry-type propulsion transformers, for installation in 12 diesel-electric powered offshore platform supply vessels. The 2,300 kVA 480-volt

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Huntington Ingalls reports increased income

AUGUST 7, 2013 — “I am very pleased with the program execution at both Ingalls and Newport News as we drive performance toward our 2015 target of 9-plus percent operating margin,” says

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Navy to scrap arson-damaged USS Miami

AUGUST 7, 2013 — The Navy has decided to scrap the USS Miami instead of repairing the arson-damaged nuclear-powered submarine. Repairs to the vessel at Portsmouth Naval Shipyard were initially estimated to

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Scorpio Tankers keeps on building

AUGUST 6, 2013 — Emanuele Lauro’s Scorpio Tankers Inc. (NYSE: STNG) has reached agreements to construct four Very Large Gas Carriers at two shipyards in South Korea along with two MR and

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Tidewater reports first quarter earnings

AUGUST 6, 2013 — New Orleans headquartered offshore services giant Tidewater Inc. (NYSE:TDW) today reported first quarter net earnings for the period ended June 30, 2013, of $30.1 million, or $0.61 per

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Bay Ship dry dock is a one-time CIA asset

AUGUST 6, 2013 — Remember the “Hughes Mining Barge,” HMB-1? It is now serving at Bay Ship & Yacht’s Alameda, CA, shipyard as a covered floating dry dock. That’s a pretty peaceable