Executives Desert PDVSA Suites
In an apparent sign of resistance to political change, a list of high-level resignations have been reported out of Venezuelan state oil giant Petroleos de Venezuela.
Golden Ocean Halts Legal Action
Golden Ocean Group announced an end to its legal dispute with S.A. Marine Corp. of South Africa following a successful resolution. The announcement follows a capital injection of $41 million into S.A.
Bocimar Charters 30 Vessels
Bocimar reportedly has chartered about 30 Capesize vessels in early August, with an average charter period of about 12 months. Early last month brokers said the company…
Global Completes Securities Filing
Global Industries Ltd. filed to sell from time to time up to $500 million in debt securities, common and preferred stock, depositary shares and warrants. Net proceeds…
Brent Spar Disposal Costs Skyrocket
Shell UK Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. Shell officials…
Europe, U.S. At It Again
Europe has reportedly threatened to file a WTO complaint against the U.S. over fees on cargo ships at U.S. ports, further increasing tensions. A letter from European…
Pentecost resigns from Seatramp
Basil Papachristidis, Chairman of Seatramp (UK) Ltd. has announced the resignation of senior chartering specialist Gordon Pentecost, who joined Seatramp in 1995 after a 33-year career at Texaco.
Caterpillar Tunes Up International Marketing Team
Caterpillar's Engine Products Division has re-engineered its sales and marketing efforts with the formation of a new marine business unit within this division. The new marketing team…
A First Time for Everything: Transit Company Meets Challenge with Natural Gas Ferry
Tidewater Regional Transit (TRT), Norfolk, Va., operates mass transit in the Hampton Roads area. It includes three passenger ferries that transport nearly 500,000…
Podded Propulsors Gain Wider Acceptance
The growing uptake of integral electric-driven, podded propulsors in the most capital-intensive sector of the cruise shipping industry, has forever altered the established…
Entering A New Certification Era
Marine diesel engines have long been subject to classification society rules. However, from the start of next year, a whole new - and quite separate control regime…
Global Shiprepair Market Faces Further Consolidation, Competition
For those convinced that the latest round of corporate consolidations is the last, think again. According to a new report from Drewry, the announcement by Keppel…
Mercy Ships Aims To Serve On High Seas
Think of them as a floating hospital if you may - but the U.K.-based Mercy Ships is designed to be the world's answer to effective crisis response at sea. The international…
Entomology for the millennium: Options for the bugs
Every company in the marine and offshore industries has at some stage been involved in a millennium bug compliance study. It is now time to admit that industry is bored with the subject.
PC Operator Workstation Uniquely Suited For Maritime Use
For the maritime industry, the advent of the personal computer and related control systems has been a boon. Bridge, propulsion and a host of other onboard controls…
Go to the Head of the Class
The United States Merchant Marine Academy (USMMA), located in Kings Point, N.Y., strives to produce graduates who have the expertise, as well as the understanding of not only how a ship works…
Playing by the (new) Rules
The increased focused on emission of all types is hardly news to shipowners and marine propulsion suppliers. For decades, entities from individual groups to international…
Teekay Shipping: Staying One Step Ahead
Events of the past two years -- headlined by the Asian financial crisis, supported by falling oil demand and punctuated by OPEC's production cutbacks to buoy per…
Algoma Central Chief Challenges Marine Industry
During the annual Marine Club Dinner, Peter Cresswell, president and CEO of Algoma Central Corp., told 1,200 shipping and marine industry executives the future of the Great Lakes-St.
Investment in Design -- A happy coupling
Largely complementary operations, a strong base in terms of volume and technologies, plus considerable synergy potential, provided a solid platform for the coupling…
