News


Dril-Quip Results for Q1 2010

Dril-Quip, Inc. (NYSE:DRQ) announced net income of $25.7 million, or $0.64 per diluted share for the three months ended March 31, 2010, versus net income of $24.7 million, or $0.63 per diluted share for the first quarter of 2009.

New Navy Contracts

General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $26,755,525 modification to previously awarded contract (N00024-06-C-2303) to provide additional systems engineering services associated with the detail, design, and construction of the DDG 1000 Zumwalt-class destroyer.

Dept. of Interior, Moose Boats Contract

Moose Boats, an aluminum boat manufacturer, has been awarded a contract from US Department of the Interior – US Park Police, for a M1-44 Patrol Boat. This is a 44-ft all aluminum catamaran powered by twin 600hp Cummins diesel engines coupled with twin Hamilton 322 water-jets.

Warship Johan de Witt Disrupts Pirates

The morning May 7, the EU NAVFOR Swedish Maritime Patrol Aircraft detected another Pirate Action Group (PAG), in the middle of Somali Basin. EU NAVFOR Netherlands warship Johan de Witt, only 30 Nautical Miles from the position,

Kvichak Delivers Rapid Response Skimmers

Kvichak Marine Industries recently delivered a 30-ft Rapid Response Skimmer to Environmental Safety & Health (ES&H) in Houma, La.  This new skimmer will join their existing fleet of Kvichak skimmers currently involved in the oil spill clean up effort in the Gulf of Mexico.

Euroseas Divident & Time Charter

Euroseas Ltd., (NASDAQ: ESEA) an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced that the company's Board of Directors has declared a dividend of $0.

Chemical Tanker Marida Marguerite Hijacked

Early on the afternoon of May 8, a Marshal Island flagged, German owned, Chemical tanker the Marida Marguerite, of 13000 tonnes, was hijacked 120 miles south of Salalah (Oman). The ship was approached

GOM Oil Spill, Multiple Companies Implicated

According to a May 8 report from the New York Times, Congress is preparing to hold hearings on the April 20 explosion that sank the Deepwater Horizon oil rig. Implicated are BP, the British company that leased the deepwater rig,

This Day in Coast Guard History – May 10

1800-Congress forbade citizens to own an interest in vessels engaged in the slave trade or to serve on such vessels. 1956-The President signed Public Law 519, which brought all previously uninspected vessels on navigable waters carrying more than six passengers for hire under inspection laws.

This Day in Naval History – May 10

1775 - Force under Ethan Allan and Benedict Arnold cross Lake Champlain and capture British fort at Ticonderoga, New York. 1800 - USS Constitution captures Letter of Marque Sandwich. 1862 - Confederates destroy Norfolk and Pensacola Navy Yards.

MOL Bulker Bright Century Sinks

Mitsui O.S.K. Lines, Ltd. reported that the MOL-owned bulker Bright Century collided with a freighter in foggy conditions while under way on the high seas approximately 23 miles east of the Shangdong Peninsula (37°38”N 123°07”E), China.

Clark Managing Director, BMT Marine & Offshore Surveys

BMT Marine & Offshore Surveys Ltd, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, announced the appointment of Nigel Clark as Managing Director with former Managing Director Dr.