The President is proposing a much needed, and long overdue increase of $49 billion in his fiscal year 2003 budget for National Defense. What is astonishing is that this larger budget proposes slashing the Navy's shipbuilding procurement account
After two years of machinations within Congress, involving various federal agencies and with some input from the private sector, the United States finally has a Maritime Transportation Security Act. This measure, when fully implemented, will impose
Crude Carriers & Product Tankers and Barges OPA '90 requires the complete replacement of single hulled tank ves- sels to be used in the U.S. petroleum crude and product carrier and related trades in five-year intervals at the end of 2005, 2010 and 2015.
ABS President and CEO, Robert Somerville recently discussed Bulk Carrier Safety at a conference in London. His speech, in part, follows. It was in the tumultuous period when the tanker industry was still trying to adjust to OPA90, to the mandate for double hulls,
The USS Safeguard (ARS-50), the lead ship of the new Auxiliary Rescue/Salvage class vessel built by Peterson Builders, Inc., was recent- ly commissioned at PBI's Sturgeon Bay, Wise. yard. It was the first U.S. Navy ship commissioning held in Sturgeon Bay since the early 1940s,
First American Bulk Carrier Corporation, Orange, Texas, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of two bulk/container vessels. First American, a new company owned by the Pension
Shell Gas & Power has accepted delivery of the first oil-free Thor-Lube stern tube bearing system built by Daewoo Shipbuilding and Marine Engineering Co. (DSME) of South Korea. This second generation oil free Thor-Lube stern tube bearing system developed by Thordon Bearings features TL3G,