Shell Announces Strong Results
Oil giant Royal Dutch/Shell Group announced record fourth quarter profits, after a more than twofold jump in oil prices and as the benefits of its restructuring program continued to show through.
French Hook-Up Eyes Intl. Navy Market
French defense electronics group Thomson-CSF will form a joint venture with naval shipbuilder DCN, reportedly to better positioning itself to compete internationally…
VLCC Scrapping Up
With intense international attention focused on older ships, many interested parties are waiting to see if the resultant pressure to utilize new tonnage will result in a scrapping/build boom.
Bulk Carriers Collide On Mississippi
The Panamanian bulk carrier El Flamenco and Liberian bulker China Spirit reportedly collided on the Mississippi River on February 4. The 70,046 dwt China Spirit was contacted by the El Flamenco (69…
Jamaican Cruise Port Development Steams Ahead
Managers of Jamaica's delayed Port Royal Development Project expect to begin construction by year-end on a cruise ship pier central to the restoration of the one…
Seacor Smit To Acquire Boston Putford
Seacor Smit has signed a letter of intent to acquire all of the issued share capital of Putford Enterprises Ltd. and associated companies. Boston Putford’s standby safety vessels (SBSV)…
