Vosper Thornycroft Wins Warship Contract
Vosper Thorneycroft has won a $205 million British government contract to build two new specialist warships, safeguarding 800 jobs at the Appledore Shipyard. The…
Panamax Rates Hold Firm
Asia's Panamax rates for dry bulk cargo are expected to remain firm this week on strong vessel demand for grain and mineral exports and support from a rebound in Capesize, traders said.
Tanker Rates Continue To Soar
Modern vessel shortages in the North Sea are pushing Aframax and Suezmax tanker rates to year high levels. Rates for Aframax 80,000 ton vessels have repeated the…
Oil Industry: EPA Going “Too Far, Too Fast” On Diesel
The U.S. oil industry locked horns with environmental regulators last week over a new proposal to make diesel burn cleaner. The Environmental Protection Agency (EPA)…
P&O May Face Fines In Immigrant Deaths
P&O may face fines of $181,000 over 60 illegal immigrants who traveled to England in a truck on one of its ships, 58 of whom were found dead upon arrival. Of the…
Going Down With The (Cruise) Ship
The fickle fate of finance has clubbed yet another maritime niche, one that has been an overachiever for much of the past decade. The cruise industry, riding high for more than half a decade…
Wärtsilä, John Crane-Lips In Marine Propulsion Deal
In a move which firmly signals that marine propulsion power consolidation of resource is far from complete, Wärtsilä NSD and TI Group, on behalf of John Crane-Lips…
More Navy Ships For Less Dollars?
As it becomes abundantly clear that a major injection of dollars is not imminent for the U.S. Naval shipbuilding sector, industry leaders met last week to mull ideas on getting more for less.
Casualties
Paradip, India: The holed Panamana-flag bulker Countess has completed repairs at Paradip, India, Reuters reported. The vessel was found to be taking water on May 27.
OPEC’s 20-Day Wait
As the price per barrel for oil continues to rise and pressure increases on OPEC to release additional supplies, it appears that there is continuing confusion regarding…
Sunken Drydock Blocks Shipping Channel
A Louisiana shipping channel used to supply crude oil to two big Gulf coast refineries has reopened to most ships but very large vessels may still not be able to get through, the U.S.
SAIT-Stento To Issue 1.2M New Shares
Communications services group SAIT-Stento will issue 1.2 million new shares at a maximum price of 32 euros each to make its stock more liquid and raise money for future acquisitions.
India to Hijackers: Get Out
India has asked an Italian merchant ship and 14 stowaways who hijacked it last week to leave the country as soon as possible, a Coast Guard official said. The ship…
Tanker Blaze Claims Life
Greek firefighters brought a blaze aboard a small Greek tanker under control and found the body of a missing crew member. The fire broke after an explosion ripped…
Enron Close To Deal For Venezuelan LNG Plant
Venezuelan state oil company Petroleos de Venezuela (PDVSA) is reportedly preparing to sign an agreement with Enron to build the country's first liquefied natural gas (LNG) export plant.
Is The Tanker Top Near?
Oil tanker markets are again knocking at price barriers with year-highs expected to tumble as demand exceeds supply of modern ships, brokers were reporting. Shortages…
Seacor Smit Drilling Unit Chiles Offshore Files IPO
Chiles Offshore LLC, the 55-percent owned unit of offshore oil exploration company Seacor Smit Inc., has filed for an initial public offering of 8 million common shares in a range of $17-$19 each.
Marine Innovations
In extending its adherence to delivering cost-efficient and safety driven technologies, DNV has introduced a new means of quickly and accurately determining steel thickness can speed ship surveys.
Shipbuilders Discuss Gameplan
Shipbuilding leaders convened in Washington, D.C. recently to discuss the means and methods to propel the U.S. shipbuilding market at the dawn of the new millennium.
Crewboats More Size, Weight And Power
In recent years the demand for large crew boats has continued to grow in the U.S. Gulf of Mexico and has increased in some foreign markets, such as West Africa and Mexico.
