FMC Acts On Mississippi Towage Arrangements
The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the news that the U.S Federal Maritime Commission (FMC) has agreed it has jurisdictionā¦
Lockheed Martin, Northrop Grumman To Team For USCG Proposal
Lockheed Martin and Northrop Grumman Ingalls Shipbuilding announced the creation of a joint venture partnership under which the two major corporations will submitā¦
Northrop Grumman Completes Litton Acquisition
Northrop Grumman Corporation completed the final step in its acquisition of Litton Industries Inc. by converting Litton's preferred stock into the right to receive $35 per share in cash.
Contract Awarded To Build Hybrid Electric Ferries
Canal Boats Inc. has received a contract to build eight Hybrid Electric ferries for Broward Country, Fla., Mass Transit Division. The ferries, funded by a Federal Ferry Boat Discretionary Fund Grandā¦
Crowley Re-powered Tugs Win Annual Race
Crowley Marine Services' newly refurbished twin-screw high horsepower conventional tugs Ranger and Sea Viking took first and second place respectively in Seattleā¦
Small Fuel Oil Tanker Freight Rates Tank
Freight rates for small fuel oil tankers in the Mediterranean have taken a long-anticipated hit. "Demand fell off a while back and there's been a build up of old shipsā¦
Disputed Tanker Fleet Bought
Norwegian tanker mogul Tom Steckmest bought out bondholders with whom he was due to clash in the New York courts over control of a fleet of six petroleum product tankers.
Is DD21 Program In Peril?
Prospects for a proposed all-new $30 billion advanced Navy destroyer foundered on Tuesday, undercut by a study carried out for Defense Secretary Donald Rumsfeld.
