Oil Price Drops As Speculators Jump
Euphoria surrounding the soaring price per barrel of oil soured a bit last week, as world oil markets took a nosedive as speculators apparently decided the rally…
Interest Declining In Offshore Acreage Leases
Preliminary results of the latest government sale of offshore oil and natural gas exploration acreage leases in the U.S. Gulf of Mexico show a decline in oil company interest in the properties…
Vickers Positions For Marine Propulsion Domination
Vickers PLC has recently made a major commitment to the marine market, most recently with its acquisition of Norwegian propulsion company Ulstein Holding for $476.8 million.
Singapore Initiates Y2K Readiness Drill On NOL Vessel
As the conclusion of 1999 comes quickly and worries surrounding the unknown effects of the Y2K bug grow stronger, more maritime entities around the globe are increasing…
Naval Shipyards To Get More User-Friendly Advanced Industrial Management Software
A more user-friendly version of the computer software naval shipyards use to plan and execute availabilities will soon be available to all naval shipyard project teams. On Aug.
NAVSEA's Self Defense Test Ship Returns To Sea
One of the Naval Sea Systems Command's more unique test assets, the Self Defense Test Ship (SDTS), recently got underway for sea trials after receiving a full range of repairs.
Cammell Laird Shares Shoot Up After 9:1 Split
Shares in ship repairer Cammell Laird Holdings Plc. rose early last week after a nine-for-one share split made the stock more attractive for private investors. The shares closed on Aug.
U.S. Jobs Retained On Reflagged Tankers
U.S officer and seamen jobs on six liquefied natural gas (LNG) tankers will be retained after the tankers are reflagged from the U.S. The merchant marine jobs will…
Japanese Foreign Ship Orders Plummet
Japanese shipyards received foreign orders for 21 vessels totaling 581,100 grt in July, down 39.6 percent from a year before, the Japan Ship Exporters' Association reported.
ING Raises Ratings On Oil Companies
ING Barings has raised its ratings of the shares of several oil and gas companies. ING raised Burlington Resources to strong buy from hold, Transocean Offshore to…
