Photo courtesy of the U.S. Pacific Fleet (www.flickr.com/photos/compacflt/)

U.S.S. Ronald Reagan to Rendezvous with Cruise Ship

The Carnival Splendor (a 952-foot Panamanian-flagged ship carrying 3,299 guests and 1,167 crew members) is currently stranded 130 miles off the coast of Mexico after losing power. The vessel lost power at approximately 6:00 a.m. Monday, November 8, 2010, following a fire in its aft engine room.  The blaze was extinguished without injury to passengers or […]

Russia’s United Shipbuilding may hold IPO in 2013

Russia’s state-run United Shipbuilding Corporation (USC) may sell 20 to 30 percent of its shares in an initial public offering in 2013, according to USC President Roman Trotsenko. Russia accounts for approximately only 0.4 percent of global civilian shipbuilding and slightly over three percent in military shipbuilding, and USC is currently engaged in exclusively military […]