Kirby Corporation (NYSE:KEX) announced net earnings for the second quarter ended June 30, 2009 of $33.7 million, or $.63 per share, compared with net earnings of $40.3 million, or $.74 per share, for the 2008 second quarter. Kirby's published 2009 second quarter guidance range was $.52 to $.62 per share.
The Northrop Grumman Corporation-built (NYSE:NOC) amphibious transport dock ship New York (LPD 21) returned to the company's Avondale shipyard in New Orleans July 23 flying three brooms signifying a successful U.S. Navy Acceptance Trials. The ship is the fifth in the San Antonio-class series that the
Houston-based J. Ray McDermott, a subsidiary of McDermott International, Inc., is upgrading its primary Gulf of Mexico derrick/pipelay barge, DB50, for future deepwater projects, by adding new thrusters and increasing its electrical power supply. The DB50 will have its entire power plant
Pride International, Inc. (NYSE: PDE) reported income from continuing operations for the three months ended June 30, 2009 of $121.8 million, or $0.69 per diluted share. The second quarter results compared to income from continuing operations of $153.1 million, or $0.87 per diluted share, for the corresponding three months in 2008.
A new high resolution seafloor survey of Pribilof Canyon in the eastern Bering Sea reveals dramatic details of this undersea canyon, and provides information for improved fisheries conservation and management; in particular, provide identification of areas that are potentially hazardous for loss of commercial fishing gear.
Shell Gas & Power Developments BV signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years. Shell and Technip-Samsung also signed a contract
Gulf Logistics and Naval Support LLC (GLNS), a new Abu Dhabi-based company, was launched on July 27, offering a complete range of support services to maritime defense forces and other vessel operators in the GCC region.GLNS has been set up in a joint venture by Abu Dhabi Ship Building (ADSB)
Shell Gas & Power Developments BV (Shell) signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years, the company reported. Shell and
The future USS New York (LPD 21) completed acceptance trials July 24, sailing from and returning to the Northrop Grumman Shipbuilding (NGSB) shipyard in New Orleans. The ship's bow stem includes thousands of pounds of steel salvaged from the World Trade Center. New York is the fifth
Sino-Global Shipping America, Ltd. (NASDAQ:SINO) a non-state-owned provider of shipping agency and forwarder services operating primarily in China, announced that it has signed an exclusive partnership agreement with India-based, Forbes & Company Limited."As a reputable and established company,
Horizon Lines, Inc. (NYSE: HRZ), reported results for its fiscal second quarter ended June 21, 2009. On a GAAP basis, the company reported a net loss of $(31.1) million, or $(1.02) per share, on revenue of $278.5 million. The results reflect certain items, including a $20 million charge related to the
The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced that, at a joint meeting of the Executive Committees of the National Coast Guard Museum Association and the Coast Guard Foundation, it was voted
Steve Carmel, Senior Vice President, Maritime Services at Maersk Line, Limited (MLL) was a keynote speaker at the Naval Logistics Symposium on July 22. The symposium, organized by the American Society of Naval Engineers (ASNE), an organization comprising of civilian and military naval engineers, focused
Northrop Grumman Corporation (NYSE: NOC) reported that second quarter 2009 earnings from continuing operations totaled $394 million, or $1.21 per diluted share, compared with $483 million, or $1.40 per diluted share, in the second quarter of 2008. Second quarter 2009 net pension adjustment (FAS/CAS)
Hercules Offshore, Inc. (NASDAQ:HERO) reported a loss from continuing operations of $7.6 million, or $0.09 per diluted share, on revenues of $183.7 million for the second quarter 2009, excluding the effects of non-recurring items, compared with income from continuing operations of $20.0 million, or $0.
The Panama Canal Authority (ACP) released third quarter (Q3) operational metrics for fiscal year 2009. In Q3, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal, including waiting time for passage, decreased significantly. Additionally, total transits and net tonnage decreased slightly.
Keppel Shipyard Ltd is close to completing the conversion of FPSO Armada Perdana for repeat customer Bumi Armada Berhad (Bumi Armada). A ceremony for the naming of the Floating, Production, Storage and Offloading vessel (FPSO) prior to its deployment in the Oyo field, 70km off the coast of Nigeria was held at the shipyard.
Ellicott Dredges, LLC-a unit of Ellicott Dredge Enterprises, LLC-and its management have recently received multiple awards from international and national organizations for its technical innovations, leadership in the dredging industry, organizational growth, and community contributions.Ernst & Young,
ASNE Naval Logistics Symposium will include a memorial tribute to Clifford G. Geiger, Jr. Geiger was a former ASNE Vice President, longtime leader of the ASNE Logistics Committee and ASNE Gold Medal Award Winner who passed away on January 12, 2009.Geiger had a long and distinguished career in federal service with the U.
SBS Worldwide Group has appointed Geoff Gillo as a non-executive director and Doug Overett as its first UK Country Manager. Chairman Steve Walker said the company, headquartered in Dartford, UK, is strengthening its management team as part of its strategic global development plan.Launched
Cut Artist's-impression-MGT_webPD Ports, the owner of Teesport, welcomes the Government’s decision to approve MGT Power’s 295 megawatt (MW) wood fuelled power station which is to be built on the South Dock area of the port. One of the largest biomass plants set to be built in the UK,
A keel laying ceremony for the future USS America (LHA 6) was held July 17 at Northrop Grumman Shipbuilding's Ingalls shipyard in Pascagoula, Miss. The keel was authenticated by ship's sponsor Lynne Pace, the wife of retired Chairman of the Joint Chiefs of Staff Gen. Peter Pace, who confirmed that the keel was truly and fairly laid.
To further its long-term relations with local clients and partners, MAN Diesel inaugurated its new hub in Marseille, on Thursday 9 July. Dr. Timmermann, Member of the Executive Board of MAN Diesel SE and Rémi Leport, Site Manager of this new hub, cut the red ribbon together. The Group’s French site,
Jeppesen Marine has signed a contract agreement with NYKCool AB to install its Vessel and Voyage Optimization Solution (VVOS) aboard a class of refrigeration carriers trading from the Caribbean and Central America to Northern Europe.The decision to fit VVOS on the ships was made by NYKCool
The International Bunker Industry Association (IBIA) has warned its members of the dangers arising from the failure on the part of some suppliers to put authentic sulphur content results on Bunker Delivery Receipts. IBIA chief executive Ian Adams said, “Clearly this is not in compliance
On July 14, 2009, Yan Yanovsky, Managing Director and Member of the Boards of Directors of United Industrial Corporation (OPK) and B.T. Ahn, Executive vice-president of Hyundai Heavy Industries (HHI) signed a cooperation agreement in the field of shipbuilding. The main purpose of this agreement
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIPW) announced that it has entered into an agreement with Constellation Bulk Energy Holdings, Inc. to acquire Seller's 50% ownership interest in Bulk Energy Transport (Holdings) Limited for a nominal cash consideration. The remaining 50% of BET is owned
MAN Diesel SE and MAN Turbo AG are to work more closely together in future with the aim of forming a merger with each other under corporate law. By combining the product portfolios, the merged company will strive for further growth and a stronger position in its respective market segments. <br
On July 14, 2009, Yan Yanovsky, Managing Director and Member of the Boards of Directors of United Industrial Corporation (OPK) and B.T. Ahn, Executive vice-president of Hyundai Heavy Industries (HHI) signed a cooperation agreement in the field of shipbuilding. The main purpose of this agreement
The oceanographer of the Navy and commander of the Naval Meteorology and Oceanography Command (NMOC) recently discussed the Navy's future in the Arctic at the third Symposium on the Impacts of an Ice-Diminishing Arctic on Naval and Maritime Operations at the U.S. Naval Academy.Rear Adm.
Crowley announced several management changes within its logistics services group. Robert (Bob) Weist has been promoted to vice president of sales and will be responsible for all business development functions and North American transportation services, including trucking and rail. He remains
The keel for the future Littoral Combat Ship, USS Fort Worth (LCS 3), was laid July 11 during a ceremony at Marinette Marine Shipyard in Marinette, Wis."Starting construction on the third ship is an exciting milestone to reach," said Capt. Jim Murdoch, LCS program manager within the Navy's Program Executive Office, Ships.
The Port of Pittsburgh Commission Executive Director, James R. McCarville, praised the announcement from Senators Specter and Casey that additional funding was included for the locks and dams in the Port of Pittsburgh District. These funds included $25m for rehabilitation of the Emsworth Dam; $21.
OceanFreight Inc., (NASDAQ:OCNF) a global provider of seaborne transportation services for both drybulk and energy commodities, announced it has agreed to acquire a 2006 built 173,949 dwt Capesize bulk carrier for a purchase price of $61.25m. The vessel is scheduled for delivery before November 30, 2009.
DryShips Inc. (NASDAQ:DRYS) a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling services, announced that it has entered into an agreement to acquire the remaining 25% of the total issued and outstanding capital stock of Primelead Shareholders Inc.Upon closing of this transaction,
According to Reuters, China National Petroleum Corp. (CNPC), the country's largest oil company, has offered to pay between $13.2 billion and $14.5 billion for a 75 percent stake in Spanish oil major Repsol's Argentine unit YPF, the South China Morning Post reported on Tuesday, citing sources. Executives from CNPC,
As of July 1, the Seamen’s Church Institute (SCI) has assumed management of the International Maritime Center in the San Francisco Bay Area of California. Last year, the Bay Area Seafarers’ Services (BASS) approached SCI about adding a West Coast resource to the services SCI provides to the world’s mariners.
Stolt-Nielsen S.A. has reported unaudited results for the second quarter and first half ended May 31, 2009. Highlights for the second quarter of 2009 compared with the first quarter of 2009 included a $13.3 million increase in net profit attributable to shareholders and a $2.3 million increase in operating profit.
Royal Caribbean Cruises Ltd. (RCCL) has announced the appointment of Larry Pimentel to the newly created position of president and chief executive officer of Azamara Cruises. Pimentel will have responsibility for the strategic direction and leadership of the deluxe brand to ensure its continuous growth and success.
According to Reuters, STX expects top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras. Petrobras is expected to issue large tenders for offshore oil development vessels, including drillships and floating product storage and offloading units. In April, Petrobras