Hvide Marine Files Reorganization Plan
Hvide Marine Incorporated has filed a proposed Plan of Reorganization, which - if confirmed - would deleverage its balance sheet, restore liquidity, and enhance…
New Crabber Heads for Grounds
On the Bering Sea king crab fishery, explains deckhand Jerod Goodin, "There are six in the deck crew. Each of us will work 15 hours on and then take a three hour break.
U.S.-Flag Fleet Moves Less Cargo
Reduced demand for domestically-made steel and uneven demand for stone from the construction industry again produced a shortfall in U.S.-Flag carriage on the Great Lakes in August.
Kvichak Readies to Deliver Catamaran
Kvichak Marine Industries is currently building a 54 ft. catamaran scheduled for a January 2000 delivery to California Fish & Game. Designed by Teknicraft of Auckland…
Bender and Otto Candies Agree on Tugs
Bender Shipbuilding and Repair Co., and Otto Candies have signed a contract for three 150 ft. Anchor Handling Tugs to be constructed by the Mobile, Ala. shipbuilding company.
New ATB Under Construction for Reinauer
Construction of a new articulated tug and barge has begun for Reinauer Transportation Companies, Staten Island, N.Y. The 124-ft. oceangoing tug and mating 135,000…
South Korean Shipbuilding Orders Drop
New orders received by South Korean shipbuilders dropped 6.7 percent in the first 10 months of this year from a year ago, provisional figures from the Korea Shipbuilders' Association showed.
Diversification Provides Insurance for Steiner
With origins as a family-owned repair yard tracing back to the 1920s, Steiner Shipyard has evolved into a present-day incorporated shipyard, with diversified interests.
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…
