Erika Pumping Progresses
Pumping began on Sunday to remove an estimated 6,000 tons of fuel from the stern of a sunken tanker Erika. The same volume of fuel was pumped from the front half…
13 Lives Lost With Trawler
A Portuguese trawler has sunk off the coast of Mauritania with the loss of 13 lives, officials reported. Another 13 people are believed to have survived the wreck of the Orcados…
SS&Y Capesize Indices Both Rise
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 76 points in the week ending Monday to 5,060. "The index rose back above the psychological 5…
Gas Prices, Offshore Shares Fall In Tandem
Gasoline prices on the benchmark New York Mercantile Exchange (NYMEX) Monday dipped below 90 cents a gallon for the first time in nearly three months, signaling the end of this summer's red-hot run.
Offshore Rig Count At 2-Year High
The offshore rig count in the U.S. Gulf of Mexico rose by four this week to 175, or an 85.9 percent utilization rate, the highest drilling activity in nearly two years…
TMM Appoints Hesco As Japan Agent
Shipping company TMM Lines appointed Hesco Agencies Ltd. as its new shipping agent in Japan in a move to strengthen operations with the Asian region. As of August 10…
Derecktor Awarded High Speed Ferry Contract
Derecktor Shipyards has been granted a contract by Lighthouse Landings to construct a 115 ft. (35 m) aluminum high-speed catamaran ferry to be built at the yard's Mamaroneck, N.Y. facility.
Derecktor Awarded High Speed Ferry Contract
Derecktor Shipyards has been granted a contract by Lighthouse Landings to construct a 115 ft. (35 m) aluminum high-speed catamaran ferry to be built at the yard's Mamaroneck, N.Y. facility.
