News


Crude Carries Pricing, Initial Public Offering

Crude Carriers Corp. announced that it has priced its initial public offering of 13,500,000 common shares at $19 per share. The underwriters have an option to purchase up to an additional 2,025,000 common shares to cover overallotments.

Aker Philadelphia’s 9th Product Tanker

On March 10, Aker Philadelphia Shipyard (Oslo: AKPS) launched Ship 013, the ninth product tanker in a series of 12 to be completed by 2011. The 46,000 dwt vessel was floated off of its blocks and was transferred by tug from the Building Dock to the Outfitting Dock,

Transocean Ultra-Deepwater Drillship Contract

Transocean Ltd. (NYSE:RIG) announced that the newbuild ultra-deepwater drillship Discoverer Inspiration has commenced operations for Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE:CVX), in the U.

New Headquarters for Offshore Marine

One of the UK’s marine management and engineering solutions companies, Offshore Marine Management (OMM), has moved to new larger headquarters following a period of exceptional growth over the past 12 months.

Fincantieri Continues Investment in U.S. Yards

Fincantieri Cantieri Navali Italiani S.p.A. broke ground on March 11 for the expansion of its large erection building at Marinette Marine Corporation (MMC) as part of its continued investment in its United States shipyards.

USS Fort McHenry Completes Haiti Mission

The USS Fort McHenry arrived in Haiti Jan. 18, six days after the 7.0 magnitude earthquake struck the Caribbean nation. The Whidbey Island-class amphibious dock landing ship's Sailors and embarked Marines from the 22nd Marine Expeditionary Unit (MEU) provided critical medical,

McAllister Towing Turns to HELM

McAllister Towing is moving from its legacy operations system to HELM, a maritime operations software system developed by Edoc Systems Group Ltd. HELM’s operations module will allow McAllister to streamline their dispatching and invoicing processes in their largest port: New York.

EU NAVFOR Destroys More Suspect Pirate Skiffs

EU NAVFOR units operating in the Somali Basin, between the Seychelles and the Somali coast, have discovered more suspected pirate activity. In an area close to the disruption of five pirate attack groups by EU NAVFOR,

This Day in Coast Guard History – March 15

1942-  The 172-foot tender CGC Acacia was en route from Curacao, Netherlands West Indies to Antigua, British West Indies, when she was sunk by shellfire from the German submarine U-161.  The entire crew of Acacia was rescued.

This Day in Naval History – March 15

1943 - Numbered fleet system established 1947 - Ensign John W. Lee becomes first African American officer commissioned in regular Navy. He was assigned to USS Kearsage. 1957 - Airship ZPG-2 lands

China-Philippines-Thailand (CPT) Express Service

Evergreen Line and China Shipping Container Lines (CSCL) will launch a new joint service, the China-Philippines-Thailand (CPT) Express Service effective mid-March. The new CPT service, which is expected to commence from Shanghai, will operate with three 2,500 TEU vessels.

Varna Products Staff Promotions & Additions

Varna Products, manufacturer of industrial oil & fuel pumps, announced the promotion of Mark Ashurst to Operations & Facility Manager.  Ashurst has been with VARNA Products/Transportation Research Corp.