The government will do background checks on 400,000 seaport workers in an effort to protect the nation’s ports from terrorism, the Homeland Security Department announced Tuesday. Port workers and others will also be given “tamper-proof” identification cards to tighten security in areas where million
Northrop Grumman reported Tuesday that its first quarter profits fell 12.5 percent, as the Hurricane Katrina’s aftermath led to reduced shipbuilding sales in the company’s Gulf Coast operations. The company, the country’s third largest defense contractor, reported net income of $358 million for the
On the 31st of March Smit and Damen Shipyards Gorinchem reached an historic agreement for the construction and delivery of 11 Damen Azimuth Stern Drive Tugs. Two of these vessels (type ASD Tug 3211) have been awarded a long term contract in Equatorial Guinea. Four vessels (type ASD Tug 2810) will re
Aker Kvaerner has signed a contract with Jurong Shipyard Pte. Ltd in Singapore for delivery of a drilling system for one ultra deepwater drilling semi-submersible unit. The total contract value for Aker Kvaerner is approximately USD 113 million. The contract is undertaken by the Aker Kvaerner subsid
Hyundai Heavy Industries Co. (HHI) recently secured an order for four (4) 8,600 TEU large containerships from Principals of Zodiac of the UK worth US$540 million. The ordered vessels will feature a length of 339.6m, width of 45.6m, depth of 24.6m with a service speed of 27 knots. Each vessel will be
The retired aircraft carrier USS Oriskany will be sunk as an artificial reef off the coast of Florida, USA in May 2006. The Oriskany arrived aboard Naval Air Station Pensacola, Florida from Beaumont, Texas on March 22, 2006, where the Navy’s contractor will accomplish the final reef preparations. Th
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The first images of 25 sailors, including 5 Vietnamese, of a Korean-owned fishing vessel abducted by pirates offshore Somalia were released Tuesday by an Associated Press TV channel. The 361-ton Dongwon 628 was seized on April 4 when it was in international waters about 100km from the coast of the N
Four crew members were rescued and another five missing when a cargo ship sank off Armutlu town of the northwestern Turkish province of Yalova early on Wednesday. The Turkish-flagged ship “Haci Ibrahim” was carrying 1,200 tons of fertilizer from Gemlik to the northern province of Samsun when it sank
DryShips Inc. said on Tuesday, it entered into an agreement to acquire a second-hand Panamax drybulk carrier called m.v. Atacama. The company noted that the vessel would be acquired with a timecharter attached at a daily rate of $29,000 until February 2007 and thereafter at a daily rate of $18,400 u
Kongsberg Maritime has been contracted to supply up to 94 S-VDRs to two separate shipping companies under a ‘Fleet Agreement’ arrangement. The total value of the contracts is close to $1.4m (US). In addition to supplying the MBB-S, Kongsberg Maritime’s S-VDR offering, the ‘Fleet Agreements’ include
EZRA Holdings Ltd. has established a 50:50 joint venture company with KS Energy Ltd. to acquire and own a new self-propelled offshore jack-up rig. The rig, which will be constructed by a North American shipyard, is expected to be delivered by the third quarter of fiscal 2007 and chartered to a Centr
Two people were still missing after a fishing boat capsized early Wednesday morning off the coast of East China’s Zhejiang Province, said the local maritime bureau. The accident occurred at about 4:30 a.m. in the sea areas 60 sea miles east of Xiangshan County under Ningbo City when the fishing boat
TWO foreign fishing boats were destroyed by Customs officers in north Australian waters today and their crew of 16 illegal fishermen have been detained. The Customs patrol boat Corio Bay was sent to the Gulf of Carpentaria after locals reported illegal fishermen in the area. The Corio Bay, working w
