WATCH: MV Legionnaire Sideways Launch

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The MV Legionnaire, one of two new vessels that will soon begin serving the people of Newfoundland and Labrador, was launched on Wednesday, July 15, 2015 at Damen Shipyards in Galati, Romania. Minister of Transportation and Works David Brazil was on hand for the ceremony. This new ferry will service Bell Island and is expected to arrive in the province in 2016. "The … [Read more...]

DSME Rises on Report of Financial Aid

Triple-E Class Vessel, Construction In Floating Drydock

  By Michael S. Arnold (Bloomberg) -- Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, rose by the most in nearly two years after its chief executive informed employees of a coming restructuring and amid a report of financial assistance from its largest shareholder. Daewoo Ship closed up 14 percent Tuesday at 8,520 won in … [Read more...]

Three U.S. Navy Admirals Censured in Singapore Bribery Scandal

USS Ronald Reagan (CVN 76) (foreground). File Photo: Creative Commons

  By Marty Graham SAN DIEGO, July 20 (Reuters) - The U.S. Navy censured three admirals in connection with a bribery scandal involving a Singapore company that held more than $200 million in contracts to clean and supply ships from the Seventh Fleet, Navy officials confirmed on Monday. Admirals Michael Miller and Terry Kraft were allowed to retire as admirals, … [Read more...]

Barge Collision, Fire Closes Section of Gulf Coast’s Intracoastal Waterway Near Houston – UPDATE

Photo: Texas General Land Office

  Update: The U.S. Coast Guard says that the closed section of the Intracoastal Waterway from mile marker 348 to the Houston Ship Channel has been opened to one-way traffic westbound at a slow bell until the remaining barge can be moved. Vessel traffic in the Ship Channel itself has not been impacted. By mid afternoon, incident responders moved three of the barges to … [Read more...]