Stolt Offshore Closes ROV Sale for $48M
Stolt Offshore S.A. said that, further to the announcement on December 3, 2003, it had closed the sale of its ROV drill support business to Oceaneering International, Inc. for $48 million.
The China Factor
In recent weeks, we have examined various aspects of Chinese shipping developments and we make no apology for reporting a recent New York conference at which China was again the key focus.
AAPA Backs IMO Ballast Water Decision
A landmark decision by the International Maritime Organization (IMO) for new regulations to curtail the spread of harmful aquatic species carried in ships’ ballast…
Human Factor is Key to Safety
Parliament's Temporary Committee on Safety at Sea was told that the EU's response to recent maritime disasters had missed the key point - the human factor. Eduardo Chagas…
ADEC Reports on Cruise Wastewater
The Alaska Department of Environmental Conservation (ADEC) released its Assessment of Cruise Ship and Ferry Wastewater Impacts in Alaska. The report indicates that…
Charleston Amends Security Surcharge
The South Carolina Ports Authority (SCPA) amended its tariff for the Port of Charleston to add a Terminal Security Surcharge of $1.00 per lineal foot for ships and…
Companies Indicted for Ocean Dumping
Shashank Pendse, a citizen of India and Chief Engineer on the ship M/V Spring Drake; MMS Co., Ltd, a Japanese company that manages the ship; and Grus Line Shipping S.A.…
Tank Vessel Construction Assistance Program Launched
The Maritime Administration (MARAD) is soliciting competitive proposals for construction in the United States of new product tank vessels necessary to meet commercial…
Stolt-Nielsen S.A. Sells 2 Million Shares in Stolt Offshore
Stolt-Nielsen S.A. sold two million shares of Stolt Offshore S.A. (SOSA). The shares were sold at the market price of 24 Norwegian Kroner per share (approximately…
Rolls-Royce Gas Turbine Get Certification
The Rolls-Royce MT30 marine gas turbine has completed a major development milestone, receiving certification from a leading verification agency. The gas turbine…
