ShipServ Launches E-Commerce Site
ShipServ (www.shipserv.com) now provides an end-to-end web-based procurement applications supporting both ship managers and suppliers in the maritime industry. Afterā¦
Oscar-2 Submarine: An Aircraft Buster
The Russian nuclear-powered Kursk submarine, crippled by a technical fault and stuck on the bed of the Barents Sea, is an aircraft carrier buster capable of launchingā¦
Outlook Not Great For 100 Russian Sailors, Sub
In quickly evolving events, Russia's navy on Monday was desperately trying to rescue more than 100 sailors trapped in a crippled nuclear-powered submarine on the bottom of the sea.
TMM: Financial House In Order
Mexico's Transportacion Maritima Mexicana SA said it is in a solid financial position and would have no problem paying off $142 million in senior unsecured notes due Oct. 16.
Daewoo Reports Hefty Losses
Daewoo Heavy Industries Co. (DHI)announced a loss in the first- half of this year of 337.7 billion won ($302.9 million), compared with net income of 53.2 billion won in the same period last year.
Norway Holds Emergency Meeting Regarding Sub
Norway called a meeting of a crisis team for radioactive accidents on Monday, August 14, after technical faults forced a Russian nuclear submarine to run aground on the sea bed off northern Russia.
Russian Nuclear Sub Trapped On Bottom
More than 100 Russian sailors are reportedly trapped in their nuclear-powered submarine on the sea bed off northern Russia, after technical faults apparently forcedā¦
