CNN is carrying a story that says that German cryptologists have discovered al Qaeda documents that outline a number of plans – including one to seize cruise ships, hold passengers hostage, dress
Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) reports results for the first quarter of fiscal 2012 ended March 31, 2012.that saw TCE (time charter equivalent) revenues of $214.0 million, an increase
Cummins Inc. (NYSE: CMI) plans to produce dual fuel engines from 800 hp to 3500 hp (597-2610 kW) for high-horsepower markets. The first in the product portfolio, QSK50 Tier 2 for oil
Great Lakes Shipyard, Cleveland, Ohio, is set to hold a ceremonial naming ceremony Wednesday, May 2, 2012. A newly constructed tugboat, Handy-Three, tugboat has been sold to Puerto Rico Towing & Barge
John Fredriksen’s Seadrill says it continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from
U.S. maritime unions say that cuts in manning levels and burgeoning paperwork loads are increasing the risk of maritime accidents worldwide. At a time when carriers have reduced crewing levels, ships’ officers
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Cargotec has established a new offshore service center in Houston, Texas, which provides repair, upgrades and systems modernisations for rigs, vessels and platform operators. The center has a hydraulic test bed, which
French shipyard Bernard is set to deliver a second ORC 190 type pilot boat to the German pilotage organization Lotsenversetzboote Technische Fachstelle Nordwest. The Fresena follows the Frya, delivered in May 201,
The U.S. Navy’s Norfolk Ship Support Activity recently awarded a $51,958,270 modification to a previously awarded contract to BAE Systems Norfolk Ship Repair, Norfolk, VA, to perform an Extended Drydocking Selected Restricted
