Ferries has received $67.9-million in insurance compensation for the sinking of the Queen of the North. The news came yesterday as the corporation announced year-end results showing profit of $49.9-million, up $14.7-million compared with 2005. “You need the earnings to go out and spend the money to
BAE Systems has been awarded a $28 million cost-plus-award-fee ship repair contract from the U.S. Navy. The Naval Sea Systems Command contract is a multi-ship, multi-option (MSMO) award for selected restricted availabilities on CG 47 class ships home ported at, and visiting Norfolk, Va. The total va
Norwegian oil and gas engineering group Aker Kvaerner ASA will open a manufacturing center in Malaysia’s Port Klang Free Zone, becoming the first investor in the Southeast Asian country’s new hub for shipping and commerce. Aker Kvaerner, through a Malaysian subsidiary, will invest 175 million ringgi
The Iran-Pakistan joint specilized commission for ports and shipping cooperation held its first session to promote sea-related ties between the two countries, IRNA reported. In the session, the two sides discussed cooperation in the fields of rescue and expeditions at sea, prevention of environmenta
VANCOUVER — BC Ferries has received $67.9 million in insurance compensation for the sinking of the Queen of the North. Monday’s news came as the corporation announced its year-end results that show net earnings of $49.9 million, up $14.7 million compared to 2005. “You need the earnings to go out and
Two new transporters, which each consist of 128 wheels and are capable of carrying a 1,000 ton block, were introduced in May, 2006. The first mission for these transporters was carried out on the 5th of June by moving 1,366 tons of the super block of container ship H.N.4115. From next month it will
American warships increase in cost at about the same rate as other weapon systems, but far faster than inflation or other sectors of the economy, according to a new think tank study.
An SR1.13-billion contract for the manufacture of six tankers for National Chemical Carriers (NCC) was signed here yesterday. Faisal Saud Al-Saleh, NCC board chairman, signed the contract with Su Eun Yoo, chairman of Shina Shipbuilding Co. Ltd. of Korea, for building six chemical tankers of 45,000 d
The Indian ship captain, who was sentenced to life by a UAE court for murdering a compatriot, may have his sentence reduced after the court receives the letter of pardon from the victim
My first visit to Panama was as a skipper in the Clipper 96 race. Since then I have returned to assist the Fleet through the Canal in 2000 and 2002. After Clipper 05-06 started I included Panama in one of my recce trips as it was the intention to make it more of a stop […]
Matson Navigation Company has been honored with the U.S. Coast Guard’s 2006 Rear Admiral William M. Benkert Marine Environmental Award for Excellence. The Benkert Award was created to recognize outstanding achievements in marine environmental protection that go beyond mere compliance with industrial
On June 10th, two vessels were launched from No.1 Dock during the 149th batch. H.5264, a 306K VLCC for GMM accomplished its progress rate up to 95.7%, and H.2240, a 151,700 CBM LNGC for Teekay reached at 70.1%.
AIDA Cruises from Rostock has ordered a fourth
A row over the fate of a decommissioned French aircraft carrier due for demolition in India took an embarrassing turn yesterday, after a report that the ship contained almost twice as much asbestos as the French government had previously suggested.
