Ship Scrapping Up 5% In 2Q
Tanker scrapping shot up while the disposal of bulk carriers diminished as the total deadweight tonnage of ships sold for demolition rose by five percent in the…
Kvaerner Says
Although international engineering and industrial giant Kvaerner is anxious to divest itself of its shipbuilding operations, the company is refusing to sell shipyards…
DUC Oil Production Up 11.8%
Danish Underground Consortium's (DUC) oil production from North Sea fields rose 11.8 percent year-on-year in June. Oil production was 1.045 million tons in June…
FTC Waives Termination Avondale Takeover Wait
The Federal Trade Commission granted early termination of the waiting period required under federal law for its proposed sale of Avondale Industries Inc. to Litton Industries Inc.
Work Stoppage Closes Port of Oakland
Longshore workers kept the Port of Oakland, California shut for a second day Wednesday as union officials studied a wage and benefits offer. The Oakland work stoppage…
