Aker ASA said it and Kvaerner ASA have started to collaborate on setting up Aker American Shipping ASA, a company that will own Kvaerner’s shipyard in Philadelphia and 10 product tankers. Aker added that following the company’s creation it will consider buying Kvaerner out of the venture if a planne
The fate of the Portsmouth Naval Shipyard could be sealed as early as next week, when several members of the Base Realignment and Closure Commission (BRAC) visit the facility. William McDonough, a former shipyard commanding officer and spokesman for the Seacoast Shipyard Association, said yesterday
Shipping rates for dry-bulk commodities such as coal and iron ore fell for a third week, reaching their lowest in almost 11 months amid rising tonnage supplies. The Baltic Dry Index, which measures the cost of chartering different-size vessels on worldwide trading routes, declined for a 11th straigh
A timely intervention of the maritime administration has saved 68 passengers aboard a ship that developed engine problem, 100 miles off Nigeria’s shores. The ship, MV Praque Yara, flying Sao Tome and Principe flag, was said to have drifted for two days near Brass waters in Rivers State, before sendi
A cache of arms found by Indian police in a container at the port of Mumbai highlights fears that containers are being used to smuggle illicit weapons around the globe, security experts said on Tuesday. Bombay police confirmed on Tuesday they had seized 37 revolvers, 1,280 rounds of ammunition and a
Charles St. Clair Brown, skipper and part-owner of Maximus, figures he is a sure bet to break the oldest record in yachting and that he’s even money to win the Rolex Transatlantic Challenge, which took off from New York on Sunday, May 22. But in his wager with former duty-free king Robert G. Miller,
The fourth owner in about as many years has control of the city’s former Steuart shipyard — illustrating, property watchers say, the lucrative real estate market in rural Lower Shore waterfront communities. “There was a profit involved; you won’t die rich if you don’t get a profit,” said Rick Evans,
Lee Khai Leong, a lieutenant-colonel in Singapore’s navy, surveys the Malacca and Singapore straits from the bridge of a Russian-built container ship, and speaks of a maritime nightmare. Pointing to a narrow sea lane south of Singapore that carries a quarter of global trade and nearly all oil import
Trawlermen from 10 major ports across Scotland are joining forces to fish hundreds of tonnes of marine litter from the North Sea. The
For the first time in over two decades, a North Korean ship docked in a South Korean port Sunday, the start of a series of voyages to pick up fertilizer donated to North Korea by the South Korean government. The North Korean vessel arrived in the South Korean port of Ulsan Sunday evening, according
A search for a fisherman who fell overboard from a Dorset fishing vessel in the English Channel on Saturday has been called off. The accident, on board a Weymouth-based boat, happened 20 miles north of Alderney, in French territorial waters.
India on Friday signed a Memorandum of Understanding with Thailand for joint maritime patrols to prevent piracy and arms smuggling. Chief of Naval Staff Admiral Arun Prakash and his Thai counterpart Admiral Sampop Amrapala, signed the agreement in Bangkok.
When the Base Realignment and Closure Commission report was released last week, Hawaii’s congressional leaders thought the net effect here could result in small gain of one job. A week later, however, a deeper reading of the report shows that 213 civilians at the Defense Finance and Accounting Servi
Draped in morning fog, the water near the mouth of the Cousins River was dark and quiet last week as Eric Horne and Valy Steverlynck motored upstream in their 22-foot work skiff. Below the surface, invisible to boaters, tens of thousands of oysters rested on the estuary floor. Horne and Steverlynck
