Forecast Of FPSO Vessels And Other Floating Production Units
According to a just published report by IMA, 107 floating production units are currently in operation and 21 additional units are on order. IMA forecasts the inventory…
Rates Improve In UK, Remain Unchanged In Other Areas
Product tanker rates improved in the UK/continent this week, but were stagnant in other lifting areas, Shipbrokers E.A. Gibson said in a weekly report, adding that…
Two Firms Earn Rights To Build Port in Chile
A consortium of two Chilean firms, Puerto Mejillones SA and Ultramar, have won the rights to build and operate a $104.4 million port terminal in the north of Chile.
Kvaerner Head Still Plans To Leave Shipbuilding
The head of Anglo-Norwegian engineering group Kvaerner said last week he is still optimistic of exiting shipbuilding as planned by the end of 1999, even though many yards are still unsold.
Mersey Reports Profits, Eyes British Port Consolidation
Mersey Docks and Harbour Co. has reported an increase in profits of nearly eight percent in the first half, its shares following suit with a similar rise. Representatives of Mersey…
KHI, China Ocean Shipping To Set Up Shipyard
As Beijing looks to boost ship exports, Japan’s Kawasaki Heavy Industry Ltd. and state-run China Ocean Shipping Group have announced intentions to set up a $96.8 million shipyard in east China.
J. Ray McDermott Invests $12 Million in Upgrade
J. Ray McDermott is investing $12 million to upgrade a dynamically positioned offshore derrick barge with a package of improvements that will provide the vessel…
Authorization Bill Benefits New Projects
The House and Senate have given final approval to a Conference Committee Report, which settled differences in the Water Resources Development Act (WRDA) of 1999.
Coatings Put To Test To Keep Ships Cool
Every Sailor who has made a deployment to the Persian Gulf can agree on one thing: it's blistering hot. At least two out of every three Navy ship deployments are made to high-temperature areas.
What Do IMO Emissions Regulations Mean to the Marine Industry?
Considerable concern has risen in the maritime community regarding impending regulations governing marine diesel emissions. The most immediate of these regulations…
Iceberg Poses Threat To Mariners In Southern Ocean
A large iceberg has entered shipping lanes between the Antarctic Peninsula and South America. The iceberg, named B-10A, measures 24 by 48 statute miles and could…
Hutchison Rejects Allegations
Hutchison Whampoa Ltd. rejected allegations made by a U.S. senator that it controlled both ends of the Panama Canal, saying it had no influence over the canal’s operation or shipping traffic.
BIMCO Offers One-Day Course
BIMCO will hold its one-day Towards Better Decisions course on September 30 in New York, focusing on tanker voyage charter parties. Entitled Seminar and Workshops…
Global Acquires Marine Construction Business
Global Industries, Ltd. has attained the offshore marine construction business of its Mexican joint venture CCC Fabricaciones y Construcciones, S.A. de C.V. and…
HMS To Offer New Services
Hornblower Marine Services will be responsible for the complete start-up and operating infrastructure, in addition to the daily operations of Bahamas Fast Ferry Service Limited.
New Ship Expected To Generate More Than $30M For AMCV
The new ship to be purchased by American Classic Voyages from Carnival Corp. is expected to generate $35-40 million of cash flow for the company, and incremental earnings power could top $.50 a share…
Britain To Detain Ships With Y2K Problems
Britain has warned shipowners that vessels calling at British ports could be detained if they have not ironed out millennium bug problems. The Maritime and Coastguard Agency said ships’ power…
Low Rates, High Costs Put Squeeze On Tankers
Oil tankers are being squeezed by low freight rates and high fuel costs and some older ships may be heading for the scrapyard, according to a report by shipbrokers Simpson, Spence and Young (SS&Y).
Safety Belts in Fall Arrest System: Good Riddance
In recent years, one of the more controversial things OSHA has done in the Shipbuilding industry is prohibit the use of safety belts in Personal Fall Arrest Systems.
Researchers Question Ship Sulfur Emission Numbers
Researchers last week claimed that sulfur emissions from cargo ships are causing ocean and coastal pollution and affecting scientific understanding of global climate change.
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