Bender Delivers Vessel to Otto Candies
M/V Juanita Candies was successfully delivered to Otto Candies, Inc. The vessel immediately departed Mobile en route to Fouchon, La. to go on long-term charter to…
Seacraft Delivers Passenger Vessel
Seacraft Shipyard Corporation of Amelia, La., recently delivered M/V Galaxy to its owners in Roatan, Honduras. M/V Galaxy will operate as a passenger and cargo ferry…
Eastern Shipbuilding Delivers Spirit River
TRICO Marine Operators, Inc., recently took delivery of 232 ft. Spirit River, constructed by Eastern Shipbuilding Group, of Panama City, Fla. Measuring 232 x 48 x 16 ft.…
Landing Craft Delivered by Munson
A 28 x 10 ft. Packman high performance landing craft was delivered to Palm Beach County, Fla. The vessel is outfitted with a 7.5 ft. bow door, dual 2,500 lb. 12V bow door winches, three in.
Three New Tractor Tugs Christened
Tugz International L.L.C., an affiliate of The Great Lakes Group, christened three "Z" Class multi-purpose reverse tractor tugs at MARCO Shipyard, Seattle, completing…
Another Licensing
As discussed in a recent article, the USCG is now talking openly about centralizing the nationwide administration of the licensing and certification of seamen and…
American Builder Makes Good in Cruise Industry
The U.S. shipbuilding industry has not been too successful in the cruise market, but one American builder has found a comfortable niche in the trade, not only building ships…
California Environmental Regulations Outpacing U.S. Regulations
The State of California is proving to be an environmental minefield for ports and ship operators as various environment groups step up pressure for more legislation and regulation…
R&B Falcon Reports 4Q Results
R&B Falcon Corporation reported net income for the fourth quarter of 1998 of $15.1 million, on revenues of $228.7 million as compared to a net loss of $124.1 million…
Noble Drilling Reports 1998 Year-End, 4Q Results
Noble Drilling Corporation reported net income, excluding the effects of non-recurring items, for the fourth quarter of 1998 of $34.7 million on operating revenues of $187.9 million…
Halliburton Introduces New Stimulation Vessel
Halliburton Energy Services, a business unit of Halliburton Company, introduced Stim Star, its new deepwater stimulation vessel, to more than 400 customers in Houston and New Orleans.
Mallard Drilling Announces Alliance with Texaco
Parker Drilling Company's Mallard Drilling subsidiary has entered into an alliance agreement for all of Texaco's domestic (South Louisiana) inland water drilling and workover requirements.
Texaco Replaces 166 Percent of Production
Texaco replaced 166 percent of its 1998 worldwide combined oil and gas production, excluding purchases and sales. Texaco's proved oil and gas reserves increased…
Parker Reports Loss for Quarter
Parker Drilling Company reported unaudited revenue of $105 million and a net loss of $7.7 million or a $.10 loss per diluted share for the three months ended November 30, 1998.
R&B Falcon Announces Deepwater IV Contract with Texaco
R&B Falcon Corporation has confirmed a three-year drilling contract with Texaco for its newbuild 10,000-ft. water depth dynamically positioned drillship Deepwater IV…
Exxon Replaces Production for Fifth Consecutive Year
Exxon Corporation announced worldwide additions to its proved oil and gas reserves totaled 1.1 billion oil-equivalent barrels in 1998, replacing 106 percent of production.
Hvide Marine Announces 4Q and Full Year Results
Hvide Marine Inc. reported net income in the fourth Quarter ended December 31, 1998 totaled $1.9 million, compared with $9.8 million in the year-earlier period.
Grand Opening
Stardancer, the second cruise-to-nowhere vessel to dock in Little River, S.C., had its grand opening last month. The vessel includes 160 slot machines, offers a full restaurant with a chef…
Seacor Smit Announces 4Q Results
Seacor Smit Inc. announced net earnings for the fourth quarter ended December 31, 1998 of $29,246,000 on revenues of $92,791,000. For the 12 months ended December 31…
Unocal Replaces 101 Percent of Production
Unocal Corporation replaced 101 percent of its worldwide crude oil and natural gas production (excluding sales and price-related revisions) during 1998 with new…
