(coastguardnews) A Wilmington, N.C., native was rescued by the Coast Guard after his
boat grounded on rocks in Bartlett’s Reef near Stonington, Conn.,
around 6:45 a.m. today.  Source

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• Damaged tugs towed away from Bligh Reef Port Valdez

     (workboat) A tugboat disabled after it slammed into Bligh Reef in Prince William Sound was under tow late Saturday and was expected to arrive at Port Valdez, 17 miles from the famed reef, sometime overnight, the Coast Guard said.  Source

• Establishing the Reef Subsea AS – JV between GC Rieber Shipping and HitecVision

     GC Rieber Shipping and the private equity investor HitecVision has, in line with the stock exchange notice on 22 October 2009, established the 50/50 owned company Reef Subsea AS. Reef Subsea has received a capital injection of NOK 195 million and will as part of the transaction take over GC

• Coast Guard operates two probes on the ground: PATROL

     (workboat) The last and perhaps final working voyage of the tugboat Pathfinder appeared to have been routine and uneventful until it struck notorious Bligh Reef last week on the way home from an ice-scouting mission, the Coast Guard commander for Alaska said Tuesday.  Source

• Australias Great Barrier Reef fishing bans increased

     (AFP) Strict fishing bans have helped regenerate wildlife and coral on one-third of Australia’s Great Barrier Reef, a new study shows, raising hopes that years of decline can be reversed.  Source

• Sunken ship may not be restored

     (UKPA) An Irish racing yacht that sank in Indonesian waters prompting a dramatic rescue of 16 crew members cannot be recovered from the depths, race organisers have said.The Cork Clipper, which was taking part in the Clipper round the world contest, went down earlier this week when it was

• IMO bravery award

    The 2009 IMO Awards for Exceptional Bravery at Sea have been presented to a professional rescue swimmer who, in Arctic conditions, single-handedly rescued eight crew members of a foundered vessel in the Bering Sea, and to two amateur sailors who rescued three people from a sunken yacht in very heavy

• Tanker with 230,000 liters of fuel hits reef

    Local authorities are still struggling to tow to safety a tanker that hit a shallow barrier reef, off Southern Leyte, early Saturday after its engine conked out in rough seas. MT Shirly Ann, which was carrying 230,000 liters of diesel fuel, was stranded in shallow waters at about 12:30 a.m. at

• General Dynamics Awarded $ 24 million to Plan Maintenance Work on USS New Hampshire

     GROTON, Conn., Jan. 29 /PRNewswire-FirstCall/ — General Dynamics Electric Boat has been awarded a $23.7 million contract modification by the U.S. Navy to prepare for the post-shakedown availability (PSA) on the nuclear submarine New Hampshire (SSN-778)

• General Dynamics Awarded $ 321 million from the U.S. Navy for Nuclear Submarine Support Work

     GROTON, Conn., Oct. 6 /PRNewswire-FirstCall/ — The U.S. Navy has awarded General Dynamics Electric Boat a $320.6 million contract modification for planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD) . Under the terms of the modification, Electric Boat

• General Dynamics Awarded $ 25 million for nuclear submarine service of the U.S. Navy

     GROTON, Conn., Oct.

• General Dynamics gets $ 62 million for Submarine Support Work

     GROTON, Conn., Oct. 14 /PRNewswire-FirstCall/ — The U.S. Navy has awarded General Dynamics Electric Boat $61.8 million to extend two existing contracts for submarine modernization and maintenance and reactor-plant planning yard work. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD) . Under a $43.7 million modification, Electric

• GC Rieber Shipping – Fourth Quarter 2009

     GC Rieber Shipping posted a net profit of NOK 107.3 million in the fourth quarter and NOK 78.1 million for the full year 2009, after a tax income of NOK 128.2 million. The tax income is a consequence of the judgment by the Supreme Court concerning the Norwegian tonnage tax

• GC Rieber Shipping Announces U.S. $ 107 million in long-term financing for subsea production IMR Neubauten

     GC Rieber Shipping has through a ‘club deal’ with Nordea, Sparebanken Vest and SpareBank 1 SR-Bank secured long term financing for two subsea IMR new buildings due for delivery in 2010/2011.

• Irving Oil and BP, not with a second refinery

     BP and Irving Oil announced yesterday they will not be moving forward at this time with the proposed second refinery in Saint John, New Brunswick, as a result of global economic and industry conditions The joint technical and commercial feasibility study that the two companies have been conducting over the last

• Irving Oil and BP, not with a second refinery

     BP and Irving Oil announced yesterday they will not be moving forward at this time with the proposed second refinery in Saint John, New Brunswick, as a result of global economic and industry conditions The joint technical and commercial feasibility study that the two companies have been conducting over the last