October, 2007 Maritime News

Double Hull Tankers Announces Offering

Oct 31, 2007

Double Hull Tankers Inc. (DHT.N) filed with U.S. regulators to periodically sell up to $200m in common and preferred stock and debt securities, according to a Reuters report.

Crew Regains Control of Pirated Vessel

Oct 31, 2007

The crew of a North Korean cargo vessel, Dai Hong Dan, regained control of their vessel Oct. 30, after fighting with the pirates who had taken over their ship sometime on October 29,

Overseas Shipbuilding Releases 3Q Earnings

Oct 31, 2007

Overseas Shipbuilding Group Inc. reported third-quarter earnings of $26.6m, or 83 cents a share, down from a year-ago profit of $90.8m, or $2.29 a share. The latest results include a gain of $1.

Mitsubishi Heavy to Return to Shipbuilding

Oct 31, 2007

Japanese shipbuilding and engineering company Mitsubishi Heavy Industries Ltd. will return to building large passenger ships next year in order to meet rising demand,

M3nergy to Expand Facilities

Oct 31, 2007

Oil and gas field services provider M3nergy Bhd says it may expand its floating, production, storage and offloading (FPSO) facilities in the future when opportunities

Oil and Gas Devt Corp. Teams with PSC Tema Shipyard Ltd.

Oct 31, 2007

Oil and Gas Development Corporation (OGDC), a UK-based oil company has signed a Memorandum of Understanding (MOU) with PSC Tema Shipyard Limited to provide various

Indonesia Offers 26 Oil-and-gas Blocks

Oct 31, 2007

According to Thomson Financial, the Indonesian government launched a tender for 26 oil-and-gas blocks to boost the country's oil and gas production. The oil

Port Approves Nearly $15M in New Contracts

Oct 31, 2007

Houston port commissioners approved about $15m in new contracts for the Bayport container terminal, mostly for dredging to accommodate larger vessels. That $12.

NOL Group Third Quarter Net Profits Up

Oct 31, 2007

Global container shipping and logistics group Neptune Orient Lines (NOL) today reported a net profit for the third quarter of 2007 of $191m, 50% higher than for the same period in 2006.

APL to Take Delivery of First ‘Ocean-capable’ 53-foot Containers

Oct 31, 2007

Container shipping leader APL announced its latest innovation: 53-foot ocean containers that could significantly alter the U.S. import market. The Singapore-based

Transocean Inc. Releases Update on Fleet Contract Status

Oct 31, 2007

Transocean Inc. (NYSE:RIG) announced that its report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of October 30, 2007.

Northrop Grumman Awarded $8.2M Navy Contract

Oct 31, 2007

Northrop Grumman Corporation (NYSE:NOC) was awarded a contract by the U.S. Navy for engineering and technical services work. AMSEC LLC, a subsidiary of Northrop

Northrop Grumman Wins $3.5M Navy Contract

Oct 31, 2007

Northrop Grumman Corporation (NYSE:NOC) was awarded a contract by the U.S. Navy for power systems engineering and technical services work. AMSEC LLC, a subsidiary

FreeSeas Inc. Declares Close of Common Stock Offering

Oct 31, 2007

FreeSeas Inc. (Nasdaq:FREE, Nasdaq:FREEW, Nasdaq:FREEZ), a provider of seaborne transportation for drybulk cargoes, announced the closing of the sale of 11,000,

EPL Announces First Production from Well

Oct 31, 2007

New Orleans-based Energy Partners Ltd., reported its South Timbalier 41 Cap Rock discovery well is now online and is producing about 1,900 barrels of oil and

Callon Petroleum Elects McVay to Board

Oct 31, 2007

Natchez, Miss.-based Callon Petroleum Company announced it has elected Larry D. McVay to its board of directors. Callon Petroleum is an oil and gas exploration and production company,

Allis-Chalmers Acquires Rebel Rentals

Oct 31, 2007

Houston-based Allis-Chalmers Energy Inc. reported it has acquired Lafayette, La.-based Rebel Rentals Inc. for $6.75m. Officials contend the acquisition will

McDermott Names VP

Oct 31, 2007

Houston-based McDermott International Inc. reported that Dennis S. Baldwin has joined the company as vice president and chief accounting officer. Baldwin replaces Michael S.

McMoRan Completes Test in Gulf

Oct 31, 2007

McMoRan Exploration Co. has completed a successful production test at its Flatrock discovery located in the South Marsh Island section of the Gulf of Mexico. According to the company,

Transport Conference Coming to New Orleans

Oct 31, 2007

The Mississippi Valley Trade & Transport Council will host the 26th annual World Trade and Transport Conference in New Orleans, January 30 through February 1.

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