Boston can claim its new tunnel project as the "big dig", but the nearly $3 billion effort to dredge navigation channels in and around New York to 45 — and eventually 50 ft. — is the second largest USACE project; ever. - by Greg Trauthwein The
The responsibility of melding, developing and profitably leading one of the world's most prolific high-technology marine companies is, to say the least, a daunting task. Assuming the post with no marine industry experience would seemingly make the job all the more difficult.
Finnish innovation in ice-going tanker technology will have a major application in the country's own mercantile fleet, albeit with ship construction assigned to the Orient. The pair of 106,000-dwt crude oil carriers booked by Helsinki-based Fortum Shipping,
Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,
Global Ocean Carriers Ltd. announced two fleet expansion projects are currently being considered, and that the company is evaluating the possibility of taking advantage of the Title XI financing available. The company reports it is contemplating ordering new container feeder vessels,
Nordic prowess in ferry technology, coupled with Irish business verve, is set to take the sector to a new highpoint as regards the concentration of wheeled freight capacity in a RoRo passenger vessel. Built in the cruise ferry mold, Irish Ferries' 50,
For the investor looking at rates of return from the secondhand ship market, the 1990s should see major changes in the fortunes of players working the different fleet sectors. Taking the return generated on both trading profits (defined as time charter
BSM Joint Venture of Houston, Texas announced the contract signing between its client, Global Industries, Ltd. of Lafayette, La. and Aker Gulf Marine of Ingleside, Texas, for construction of a variable draft SWATH Diving Support Vessel (DSV) designed by BSM Joint Venture.