Barge Built by FirstWave/Newpark
E.I. duPont de Nemours & Co., Inc. has received EIDC 13, the second of three identical barges being built for the company by FirstWave/Newpark Shipbuilding. The inland service…
Largest Passenger Catamaran from Nichols
The largest passenger catamaran to be completed by Nichols Brothers Boat Builders - at 144 ft. in length and with a 450-passenger capacity - was delivered to Catalina Cruises.
Modernizing the Fleet
The recent oil price fluctuations may have wreaked havoc with many offshore service companies; but Seacor Smit managed to pull through, relatively unscathed. With…
BP Amoco Wins Bids On Australian Acreage
BP Petroleum Developments (NWS) Pty Ltd., the Australian exploration arm of BP Amoco Plc, has reportedly bid successfully on three Canning Basin blocks off the coast of Western Australia.
“Pac-Man” Takeover Defense Now Rare
A rare hostile takeover defense that emerged last week in Europe took root in the U.S. in the 1980s, but has mostly been replaced by other tactics used by companies…
Arab Maritime Seeks $120-M Loan For New Tankers
Arab Maritime Petroleum Transport Co. is reportedly raising $120 million to partly finance new tankers for its fleet and to help refinance existing loans, bankers said on Sunday.
Sea-Land Deal Boosts Moeller Shares
A.P. Moeller’s acquisition of CSX Corp.’s Sea-Land’s international shipping operations is reportedly positive for the group’s shares and future position in world shipping.
Daewoo Founder Watches Empire Disintegrate
Kim Woo-choong, founding chairman of Daewoo Group, seems destined to preside over the dissolution of South Korea’s second largest conglomerate, an empire that lived…
Cruise Ship Orders Could Outstrip Demand
Cruise ship berth supply will reportedly exceed demand growth if new orders continue at their current level, according to shipping analysts.
Blue and Gold Fleet Promotes Sandra Elles
Blue and Gold Fleet has promoted Sandra Elles from government contracts administrator to vice president in charge of contract services. In her new position, Elles…
Bureau Veritas Acquires ATL Consulting Group
Bureau Veritas has acquired ATL Consulting Group, a U.K.-based engineering and management consulting group, which specializes in asset management, maintenance, integrity, performance and compliance.
Halter Marine Expands Existing Expertise
In conjunction with its current deepwater production system expansion, such as FSO to FPSO conversion and the construction of new floating production systems, Halter Marine has elected Joe W.
FirstWave/Newpark Adds To Senior Management Staff
Joining FirstWave/Newpark is Frank R. Pierce as corporate vice president and CFO, along with Tom Godfrey in the newly created position of vice president, ship repair.
Caterpillar To Supply Power For New Rigs
Six diesel-fueled Caterpillar 3616 engines will provide more than 26 MW of safe, reliable electricity to power three technologically-advanced, deepwater semisubmersible…
Sea Land acquired for $800M
The consolidation churn claimed its latest victim, as the A.P. Moller Group and CSX announced today that an agreement has been reached for A.P. Moller-Maersk Line to acquire Sea-Land Service…
Mexico Probes Pemex Offshore Mega-project
Mexican authorities are reportedly investigating alleged inefficiency and financial irregularities in building a multibillion-dollar offshore project by oil and gas monopoly Petroleos Mexicanos.
Shell, Elf Move On Nigerian Alternative Oil Funding
Royal Dutch/Shell Group and Elf Aquitaine are reportedly moving to develop oil fields in Nigeria using radical new funding schemes the elected government has put under review.
Daewoo Heavy Wins $140M Greek Order
Daewoo Heavy Industries Co. Ltd. reportedly won a $140 million order from Greece's Kristen Navigation Inc. to build two very large crude oil carriers.
Royal Caribbean To Plead Guilty To Pollution
Royal Caribbean Cruises Ltd., the world's second-largest passenger cruise line, has reportedly agreed to plead guilty and pay a record $18 million fine for dumping…
Petrobras To Sign Joint Venture With Shell, Mobil And Exxon
Petrobras will reportedly sign an exploration and production contract with the local units of Shell, Mobil and Exxon.
