Masa-Yards May Cooperate With Gdynia
Masa-Yards, a unit that Kvaerner has put up for sale, could cooperate in building vessels with the Polish Gdynia shipyard, the group's head said. "One alternative…
South Korea Faces WTO Action For Shipbuilding Practices
The European Union is considering taking action against South Korea under the World Trade Organization, accusing the country of using western subsidies to sell ships…
Seascope To Buy Finance Specialist GFL
British shipbroking group Seascope Holdings Plc will acquire shipping finance specialist GFL Ltd for $2.8 million. GFL, which made pre-tax profits of $638,334 in the year to April 30…
NOL Removes Foreign Shareholding Limit
Neptune Orient Lines Ltd. (NOL) shareholders approved the removal of the firm's foreign shareholding limit of 49 percent. A 50 percent limit on foreign directors on the NOL board was also removed.
Noble Announces Fourth Successful Semi Conversion
Noble Drilling said its fourth successful EVA-4000 semisubmersible conversion, Noble Amos Runner, began drilling in the Gulf of Mexicofor its contractors - Kerr-McGee Corp.…
Fincantieri Posts $246M Loss
Fincantieri posted a nine-month 1999 operating loss of $246 million, citing continuing merchant shipping industrial problems and the evaluation of risks linked to…
Commitment for Deepwater Frontier
R&B Falcon Drilling has received a letter of intent from for Petroleo Brasiliero S.A. (Petrobas) for a two-year contract for DP drillship Deepwater Frontier, for…
Operational Management Program for Offshore Industry
ABS Nautical Systems LLC has released a new version of its advanced ABS SafeNet operational and management system software, developed to meet the needs of the offshore industry.
Operational Management Program for Offshore Industry
ABS Nautical Systems LLC has released a new version of its advanced ABS SafeNet operational and management system software, developed to meet the needs of the offshore industry.
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.
Hvide Marine Creditors And Shareholders To Vote On Plan
Hvide Marine Inc. announced approval by the United States Bankruptcy Court for the District of Delaware of the Disclosure Statement regarding the company's proposed Plan of Reorganization.
Controversial Brent Spar Disposal Costs Soar
Shell U.K. Exploration and Production said the final cost of a four-year project to decommission its controversial Brent Spar oil buoy had risen sharply. At a feedback…
Seacraft Delivers Laurie Tide on Schedule
In addition to delivering Laurie Tide on schedule, Seacraft Shipyard also surpassed all contractual vessel performance requirements. Christened by her namesake, Mrs.
Bollinger Launches USS Tornado
Bollinger Shipyards, Lockport, La. has launched USS Tornado, the U.S. Navy's newest Patrol Coastal Ship. The 14th of the Cyclone Class constructed by Bollinger,…
Munson Delivers Landing Craft
The William E. Munson Co. delivered a 32 x 12 ft. Packman High Performance Landing Craft to Peter B. Wright of Juneau, Alaska. Designed as a commercial transporter and private sports boat…
Moody's Downgrades Pegasus Shipping
Moody's Investors Service downgraded from B3 to Ca the rating for the senior secured debt of Pegasus Shipping (Hellas) Ltd. The downgrades reflect Moody's expectation…
Bay-Houston Christens Tug
Haden II, the 12th tug for Bay-Houston Towing Company, was christened in Galveston. Designed in-house in coordination with Schuller & Allan, Inc., the 3,900 bhp…
Tug Repowered by C.R. Harbour Towing
C.R. Harbour Towing and Transportation LLC recently completed the repowering and refurbishement of 95-ft. tug Brandon C. Roehrig. The tug's original Cat D-398s were removed…
Turkish Gendarmie Receives Boston Whaler Gunboats
The Turkish Gendarmie has taken delivery of four Boston Whaler 27 ft. Vigilant gunboats. The boats will be deployed in various ports in Turkey, and used for patrol and law enforcement. The 27 ft.
OMI Reports Q3 Loss of $7M
OMI Corporation announced a net loss of $7,119,000 for the quarter ended Sept. 30. The net loss for the nine months ended Sept. 30 was $37,555,000 after income from…
