A Russian mini-submarine reached the bottom of the Arctic Ocean under the North Pole on Thursday in a mission to back up Moscow’s claims to the region’s mineral riches.
Second quarter 2007 revenues were $75.1 million, up 6.2% from $70.7 million for the second quarter of 2006. Operating income was $33.9 million, or 45.1% of revenues, for the second quarter of 2007 compared to $32.7 million, or 46.3% of revenues, for the prior-year quarter. EBITDA for the second quar
What would YOU do if you were out sailing and discovered a boat which possibly contained would-be illegal immigrants? They are thirsty, hungry and desperate. On the megayacht M/Y Argyll, Captain Robert Corcoran recently had to make some hard decisions… The Triton reports that three days into the tri
Westport Shipyard, the largest yacht builder in North America, has earned the confidence of the world’s most discriminating owners. All components are strictly first class, which is why Westport specifies complete Delta ‘T’ Systems engine room ventilation equipment for all new builds. The spectacula
Heralding a new era in Japanese ferry transportation, the impressive new Incat 112 metre Wave Piercing Catamaran Natchan Rera has been delivered to Higashi Nihon Ferry. Specifically designed and built to meet the requirements of Higashi Nihon Ferry, the Incat 112 metre Natchan Rera (Incat Hull 064)
Submarines accompanying a Russian naval mission aimed at boosting Moscow’s claim to Arctic territory are shortly expected to dive below the North Pole. The two Mir submarines plan to dive to the ocean floor, 4,200m (14,000ft) below the pole, to carry out tests and plant a capsule with a Russian flag
The Grand Alliance the liner shipping consortium has had its life extended to 2017. It is made up of NYK Line of Japan, OOCL of Hong Kong, Hapag-Lloyd of Germany and MISC Berhad of Malaysia.
UK forwarders fear delays of several days on inbound freight as the Grand Alliance prepares to remove Southampton temporarily from one of its Asia-Europe loops. The Grand Alliance decided to drop the port from its EU4 loop with effect from 4 August, while a quayside upgrade at Southampton Container
Crowley Maritime Corporation Saturday christened and launched barge 455-2, the second of three Heavy Lift 455 Series flat-deck barges that will be built and delivered to Crowley this year by Gunderson Marine in Portland, Oregon. The three 400-foot by 105-foot-wide deck barges are being built to hand
Prosecutors arrested four Korean shipbuilding industry workers who attempted to hand over domestic shipbuilding technology worth W35 trillion to Chinese competitors (US$1=W919).
The site of the new shipping terminal on the former Charleston Naval Base in North Charleston is officially in the hands of the State Ports Authority. The Charleston Naval Complex Redevelopment Authority recently transferred 317 acres at the southern end of the former military base to the ports agen
Transocean Inc. (NYSE:RIG) today announced that its report of drilling rig status and contract information covering the company’s offshore drilling fleet has been updated as of July 31, 2007.
Aker Kvaerner has signed an agreement for acquisition of 50 percent of the shares in the German company Wirth Maschinen- und Bohrgeräte-Fabrik GmbH (“Wirth”) with an option to buy the remaining shares within the next years.
The distinctive swimming technique of a bony fish is being used to develop agile, propellerless submarines. US researchers have created prototype mechanical fins that mimic the movements of the bluegill sunfish.
