Strong results for Petrobras
Brazilian state-owned oil giant Petrobras announced its results for the first half of 2011, showing net income of R$21.928 billion (about $13.595 billion), an increase of 37 percent over the same period
Congressman says Port Townsend to get $1.3 million for ferry
U.S. Rep. Norm Dicks says that the U.S. Department of Transportation has approved the award of $1.3 million to the Port of Port Townsend, Washington, to assist in the construction of a
Tugs for Italy’s Ocean Group have MAN L27/38 engines
Spanish shipbuilder Astilleros Armón recently delivered one tug boat powered by two MAN 7L27/38 four-stroke engines and is close to delivering another powered by two similar 9L27/38 engines. Both vessels are for
Horizon Lines appoints VP International Services
U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) reports that that Alherd Kazura has been appointed to the new position of Vice President of International Services. Mr. Kazura will report to Brian
Two transportation inspectors held in sinking of Russian river cruise vessel
The Investigation Committee of the Russian Federation has detained two senior transportation inspectors over the July 10 sinking of a river cruise vessel that resulted in 122 deaths, the RIA Novosti news
Ezra offshore construction division awarded Chevron contract
Singapore-listed Ezra Holdings Limited reports that its offshore construction division, EMAS AMC, has been awarded a contract by Chevron Thailand that will see it installing wellhead platforms and associated pipelines in the
Another $11 million for DDG-1000
Huntington Ingalls Industries, Pascagoula, Miss., is being awarded a $10,999,993 modification to previously awarded Navy contract (N00024-06-C-2304) for research, development, test, and technical services for the DDG 1000 Zumwalt-class destroyer. Technical services
Conrad Industries reports increased income and earnings
Morgan City, La., headquartered Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) yesterday announced its second quarter and six months 2011 financial results. For the quarter ended June 30, 2011, Conrad achieved net
Third National Security Cutter completes acceptance trials
The U.S. Coast Guard reports that its third National Security Cutter, Stratton, successfully completed rigorous acceptance trials Friday to ensure the cutter meets its contractual requirements and is ready for delivery to
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