By tripling the ship tonnage it provides with mutual protection and indemnity insurance over the past five years, The American Club has served up a "jolting reminder to all that American enterprise can successfully compete in the international market place.
Hudson Shipbuilders, Inc. (HUDSHIP), Pascagoula, Miss., marked its entry into the foreign market with the delivery of the 112-foot offshore supply vessel Grayscout to Gray MacKenzie Company, Ltd., Marine Division, Bahrain. The vessel departed
On March 24, 2002, Charles Nealis passed away at the age of 76. Nealis' accomplishments were the co-conception, testing and first at sea of a commercially viable demonstration of a blended residual fuel system for aero derived gas turbine engines.
Eighth Presentation Of This High-Quality Exhibition Is Booked To Capacity Indications are that this year's Nor-Shipping Exhibition, to be held as usual at the Sjolyst Centre in Oslo, will attract great interest. All available exhibition space had been booked six months in advance,
Japan's six largest shipping companies plan to invest more than $3.4 billion in construction of 83 new cargo vessels during the next three years, according to the Japan development Bank (JDB). The construction will consist mainly of carriers of non-oil energy resources,
Pacific Far East Line (PFEL) recently announced the appointment of Ronald C. Rasmus as new senior vice president to manage its New York office. Mr. Rasmus was former Deputy Assistant Administrator for Maritime Aids of the U.S. Maritime Administration.
The Internal Revenue Service (the "IRS") has issued proposed regulations under section 863 of the Internal Revenue Code of 1986, as amended (the "Code"), providing new rules for determining the source of income from activities conducted in international waters for purposes of U.
American Bureau of Shipping (ABS) has published the first edition of its "Guide for Certification of Thrusters." The Guide provides for the certification of various thruster systems such as main propulsion thrusters, propulsion assist thrusters,
A manual ullage tape installation, which makes it possible to gauge tanks visually under closed loading conditions, has been accepted for tanker and barge use by both the U.S. Coast Guard and American Bureau of Shipping. Developed by VU-GAGE Systems,
Stelmar Shipping Ltd. has taken delivery of the Rubymar, a new 69,697 dwt Panamax tanker from the Daewoo Shipbuilding and Marine Engineering Company Ltd. of South Korea. The Rubymar has entered into a previously announced 24-month time charter with