News


This Day in Coast Guard History – March 19

1943-  British Steamer Svend Foyne was a victim of an iceberg collision off the southern tip of Greenland.  One hundred forty-five persons were rescued by the Coast Guard and others.  International Ice Patrol was suspended during this period (1942-1945).

This Day in Naval History – March 19

1898 - USS Oregon departs San Francisco for 14,000 mile trip around South America to join U.S. Squadron off Cuba 1917 - Navy Department authorizes enrollment of women in Naval Reserve with ratings of yeoman, radio electrician, or other essential ratings.

Topaz Announces $65M Profit for 2009

Topaz Energy and Marine announced its audited financial results for 2009. Topaz posted revenue of $448 million, EBITDA of $ 127 million and Net Profit of $ 65 million demonstrating year on year growth of 7%, 14% and 38% respectively.

Rolls-Royce Promas Lite for Carnival Glory

Carnival Cruise Lines has selected the Rolls-Royce propulsion system Promas Lite, combining propeller and rudder, for their cruise vessel Carnival Glory. Preliminary analysis of speed/power trials measurements indicates an increased propulsive efficiency improvement by 11-13 %.

Bourbon 2009 Financial Results

For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate,

MMWC Propeller Arresters

The Merchant Maritime Warfare Centre (MMWC), a UK based maritime anti-piracy organization, is launching their latest countermeasure, the MMWC Propeller Arresters. This is a non-lethal countermeasure to protect vessels underway regardless of vessel type,

Bourbon 2009 Financial Results

For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate,

Record-Breaking Profits for Rafael in 2009

Rafael develops and manufactures advanced defense systems for the Israel Defense Forces and armed forces around the world, operating from a strong financial foundation resulting from exports to international markets.

Tsakos Q4 & 2009 Results

2009 Highlights: - Voyage revenues of $444.9 million versus $623.0 million in 2008 - Income of $47.8 million (before vessel impairment charges of $19.1 million) versus $202.9 million (no impairment charge) in 2008 - EPS of $0.

Pfeifer VP of Business Dev, Marine Travelift

Marine Travelift, Inc. announced the promotion of Erich Pfeifer to Vice President of Business Development and Marketing. Pfeifer will be responsible for all industrial and government sales, as well as marine sales in the Americas.

Statoil Initial Public Offering

Statoil's Board of Directors (OSE: STL, NYSE: STO) has decided to start a process to list its energy and retail business on the Oslo Stock Exchange. Further to the announcement made on the 3rd of February 2010,

HB Rentals Supplies Shenzi Platform

Accommodations specialist, HB Rentals, a Superior Energy Services company, will provide a two-building accommodations package for the Shenzi tension leg platform (TLP) in the Gulf of Mexico. The package will consist of two ABS- and USCG-compliant eight-man sleeper units with a .