IMO OKs Ship Reporting System For English Channel
A new ship reporting system to help prevent collisions is being planned for the English Channel in the wake of the Erika tanker spill earlier this year, the International…
PricewaterhouseCoopers To Advise BC Ferries
British Columbia Ferry Corp. (BC Ferries) has elected PricewaterhouseCoopers as its exclusive advisor and manager for the sale of the PacifiCat fast ferries. A Crown…
Two Shipbuilding Initiatives Receive Funding
The Office of Naval Research announced today the selection of two Shipbuilding Initiative projects to receive a combined total of $1 million of Navy funding. Industry…
PricewaterhouseCoopers To Advise BC Ferries
British Columbia Ferry Corp. (BC Ferries) has elected PricewaterhouseCoopers as its exclusive advisor and manager for the sale of the PacifiCat fast ferries. A Crown…
Mideast Tanker Markets Continue Push Upward
Middle East tanker markets are revving up while North Sea rates have gone into overdrive, brokers said last week. Mideast VLCC freight rates climbed as Saudi August…
Saudi Arabia To Boost Production 500K bpd
Saudi Arabia is poised to unilaterally boost its oil output by 500,000 barrels per day (bpd) by the end of August, industry sources said. The kingdom, the world's biggest oil producer…
Petronas Finds Oil Offshore
Malaysia's state-oil firm Petronas has discovered oil in the Samarang-Asam Paya production sharing contract (PSC) area offshore eastern Sabah state. Tests carried…
Kvaerner Chief To Aker: Thanks, But No Thanks
Kvaerner's Chief Executive Kjell Almskog rejected any merger of Kvaerner Oil & Gas with offshore supply firm Aker Maritime. "That has not been and is not an issue on the agenda…
Spain Consolidation Creates Massive Shipbuilder
Spain's state holding company Sepi said it had created the world's 10th largest shipbuilder with annual sales of around $1.25 billion. The group, which formally begins in October…
