OPEC Restrictions Expected To Send Oil Prices Soaring
Resurgent world oil prices will blaze towards the highest level since the Gulf War this winter as key producers stick to strict supply curbs, a Reuters survey found last week.
Siemens Fits Out Italian Submarines
The Marine Engineering Subdivision of Siemens Industrial Projects and Technical Services Group (ATD) is fitting out two submarines for the Italian Navy with propulsion…
NASSCO Awarded U.S. Navy Contract
National Steel and Shipbuilding Company (NASSCO) was awarded a $1.5 million study contract for the first phase of the U.S. Navy's Auxiliary Dry Cargo Carrier T-ADC(X) Program.
R&B Falcon Completes Project Financing
R&B Falcon Corporation announced that Deepwater Drilling II, owned by affiliates of R&B Falcon and Conoco, has concluded a $270 million project financing. All proceeds…
Newport News Appoints Stabler
Newport News Shipbuilding named Scott Stabler to the position of vice president, assembly; and the retirement of George Wade, vice president of assembly, test and trades.
Tidewater Elects President
Tidewater Barge Lines, headquartered in Vancouver, Wash., has appointed Stephen A. Frasher as president and COO. Frasher, who holds an MBA from New York University…
Keppel Hitachi Zosen To Buy Selected Businesses
Keppel Hitachi Zosen Limited (KHZ) has agreed to purchase the shiprepair/shipbuilding and related businesses of Keppel Marine Industries Limited (KMI) for $167 million in cash.
Hvide Marine Announces Voluntary Chapter 11 Filing
Hvide Marine Inc. has submitted a voluntary Chapter 11 filing in the U.S. Bankruptcy Court in Delaware. This filing allows Hvide to operate its businesses in a regular…
Mack Power To Market Diesel Engine
Mack Trucks will market its premier 12-liter diesel engine, the E7, as a power source for various industrial and marine market applications. The company's newest business unit…
OSL Forms Ballast Systems Alliance
OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs.
Mivan Wins QEII Contract
Northern Ireland engineering company Mivan Ltd. has reportedly won a share in a $32 million contract to refurbish five of the public areas, including one of the main restaurants…
Britain Prepares For Next Anticipated Computer Glitch
British maritime authorities have reportedly chartered winter tugboats early to help head off a possible shipping disaster anticipated on Thursday - the ninth day of the ninth month, 1999.
S. Korean Shipbuilding Orders Fall 30 Percent
New orders received by South Korean shipbuilders fell 30.3 percent in the first eight months of this year from a year earlier, according to provisional figures from…
Holyman Rejects Adsteam Takeover Offer
Directors of shipping and transport group Holyman Ltd. unanimously rejected a revised takeover bid from tugboat operator Adsteam Marine Ltd., saying it was still below fair value.
Keppel Hitatchi Buys Keppel Marine Shiprepair, Shipbuilding Business
Keppel Hitachi Zosen Ltd. has reportedly agreed to buy Keppel Marine Industries Ltd.'s shiprepair and building business for $98.9 million in cash. Keppel Hitachi…
World Oil Prices Hit Record Highs
World oil prices floated to their highest level in 23 months today after remarks by major OPEC producers gave the market new assurances that output cuts would not…
Feds Propose Rules for Lobstering in Federal Waters; Expand on Interstate Plan Measures
NOAA Fisheries is proposing rules for lobstering in federal waters from Maine to North Carolina. The rules are intended to complement lobster management measures…
Congress Jumps On Rail Jumper Act
President Clinton signed the USCG Authorization Act (H.R. 2204) of 1998 last month, which includes the Rail Jumper Safety Amendment. This law makes it illegal for…
Congress Updated on Status of Marine Fisheries
In its second report to Congress on the status of marine fish stocks, the National Marine Fisheries Service said 100 species reviewed are overfished or approaching an overfished condition…
Commodore to Operate Cruises from San Diego
Commodore Holdings is reportedly in negotiations for the purchase of its fourth ship, which it plans to operate on twice-daily gambling cruises between San Diego and Rosarito, Mexico.
