Defense contractor Northrop Grumman Corp. said Tuesday its net income fell on lower ship system sales, but the results came in ahead of analyst expectations as other parts gained, including its aerospace and information segments. Sales dropped about 4% to $7.18 billion from $7.45 billion, on lower r
Keppel Corporation, the world’s top offshore oil rig maker, is upgrading two yards – one in China, the other in the Philippines – to build oil rigs in order to profit from an expected surge in China’s demand for oil exploration equipment. Keppel’s yard in Nantong, China, is expected to start taking
Eight persons, four of them of a family, drowned and seven others remained missing as a mechanized boat sank in Jamuna river on Monday, officials in northern Bangladesh said on Tuesday. The officials said the mechanized boat carrying about 33 passengers was going to the west bank of Jamuna river fro
On April 21st, two vessels were launched from No.1 dock and two other vessels were launched from No.2 dock on April 22nd. The first vessel was H.N.2230, a 148,300 CBM LNGC for Bergesen, and the second one launched during the 148th batch launching was a 162K COT for Sovcomflot with our H.N. 5273. A 3
Two ships, one Danish and one Swedish, collided early on Tuesday morning between V
Panama’s president is appealing to his citizens to support the biggest expansion of the Panama Canal since it opened in 1914, making way for huge container ships that can carry twice as much cargo. The project, which will be put to voters in a referendum later this year and is expected to cost $6 bi
The head-on collision between Indian naval ship INS Prahar and container vessel MV Rajiv Gandhi off the Goa coast on Friday night was caused by a navigational error by the Defence ship, according to Shipping Corporation of India (SCI) sources. INS Prahar sank in the incident.
Yantar Baltic Shipyard, Kaliningrad, has pulled out of the bankruptcy once it sealed an amicable agreement and undertook to start principal debt
HAMBURG (AP) – A German shipyard yesterday delivered the world’s largest passenger ship to its U.S. owner. The Freedom of the Seas was handed over to Florida-based cruise operator Royal Caribbean Cruises Ltd. (NYSE:RCL) at a ceremony in Hamburg that drew crowds of onlookers. The 160,000-ton cruise l
The Accommodation Production Team has successfully insulated the no.12 car deck of H.N.4442 using the
HMS CLYDE is coming to the Falkland Islands to replace HMS DUMBARTON CASTLE as the FALKLAND ISLANDS PATROL VESSEL (FIPV). CLYDE’s sister ships in the class – MERSEY and SEVERN are employed on UK Fishery Protection duties. CLDE is being built by VT and is a bigger and more capable ship than the Castl
Neal McDonald returns to the position he was ousted from in Rio, taking back the role of skipper from John Kostecki, who returns to his TP 52 campaign, while Steve Hayles makes his long expected departure, resigning from the team and opening up a vacancy for 1998 winning navigator Mark Rudiger. Barn
Brunel skipper Grant Wharington was reunited with his Volvo Open 70 today and believes his new and improved yacht, bolstered by four fresh crewmembers, will make an impact on Saturday
South Korea plans the fourth ever launching of an unmanned submarine which can explore depths to 6 kilometers, next Wednesday. The Korea Ocean Research and Development Institute (KORDI) said Tuesday that it would hold a launching ceremony with its submersible remotely operated vehicle (ROV), named “
