Deepwater Prospects Ripe
It appears that the long-held promise of deepwater offshore discovery and recovery is well-positioned to pay off, particularly in the face of $30+ barrels of oil.
Ansell Jones Uniquely Serves Offshore Market
Ansell Jones, a leader in the manufacture of lifting, mooring and access equipment for use in the offshore and marine markets, has a vast product range and a history spanning more than 150 years.
Environmentally Sound, Commercial Efficient Wastewater Treatment
Quality wastewater treatment is the driving force behind the daily operation of Owens Manufacturing & Specialty Co. For more than 20 years, its Kleen Tank product…
ZF Fortifies Product Line, Business Plan
Consolidation of manufacturing and service entities is perhaps the world's worst kept secret. Marine propulsion manufacturers, in particular, have been rapidly consolidating companies…
Workboat Report: Marine Propulsion
Sweden's Volvo Penta has introduced a new engine range that significantly expands its power output up to 1,380 kW (1,850 hp) and opens vast new markets for the company's products.
Olympic Engine Selection Evokes Thoughts of
When Olympic Tug & Barge was founded in 1987, owner Harley Franco had environmental responsibility on his mind. Early major oil tanker disasters southeast of Nantucket…
World Floater Market Is Stable
The floating rig market was showing signs of stability in many of the world's major drilling basins. However, reports Offshore Data Services, demand for older, second…
Oil Instability, Consolidation Muddy Offshore E&P Picture
The cyclical nature of the oil business has blossomed into full bloom during the latter part of 2000, as a host of political power plays have sent oil prices on a virtual rollercoaster…
World Single Hull Tanker Phase-Out Is Coming
More than a decade after the U.S. enacted OPA '90, much to the consternation of the vessel design and owning community, the International Maritime Organization (IMO)…
The Future of E-Commerce: Will The Maritime Industry Be Left Behind?
Maritime business commerce has changed rapidly over the last decade. In order to stay competitive, companies are increasingly inventing more efficient ways to conduct business.
Cornering the ULCC Niche
For an independent tanker owner to undertake a newbuild fleet development program amounting to 3-million tons of crude oil carrier capacity in itself demonstrates a high degree of business verve.
Editor's Note
Uncontrollable external forces driving commercial development is the hallmark of any industry. However, the last three years serve as a prime example of how such…
Derbyshire Ruling: Crew Not To Blame
A top judge ruled on Wednesday that the crew of the largest British ship ever to be lost at sea was not to blame for the vessel's sinking. All 44 people on board died when the 169…
Proposed Ruling Calls For Fixed Fire Safety
The U.S. Coast Guard's supplemental notice of proposed rulemaking (SNPRM) on "Fire Suppression Systems and Voyage Planning for Towing Vessels" appears in today's Federal Register.
Cargill Dumps Shipping Arm
Cargill has announced a change in shipping strategy, following the sale of its last four remaining Panamax bulk-carriers, and from here on will charter in ships for all its cargo requirements.
Evergreen To Buy Five Ships From MHI
Shipping giant Evergreen Marine signed a letter of intent to buy five large cargo ships from Japan's Mitsubishi Heavy Industry. A spokeswoman for the Taiwan shipping…
MISC To Raise $600M To Buy Ships
Malaysia International Shipping Corp (MISC) will raise about $600 million in global bonds by mid-2001 to partly fund the purchase of four ships worth some $1 billion.
Danube Shippers Catch A Break
Put in financial peril because of NATO bombing against Serbia which literally blocked its source of business, Danube shippers and port operators received good news…
Frontline To Seek NYSE Listing
Norwegian tanker group Frontline said on Tuesday strong charter rates boosted nine-month pre-tax profits to a record and that it was considering seeking a listing on the New York Stock Exchange.
Tanker Repair Completed
A tanker carrying 500,000 barrels of gasoline, the Bear G, is expected to start a journey back to the New York Harbor November 10 after completing repairs to a leaky hold in a Canadian port…
