GUIDO PERLA, SENER to work together on SWATH project
GUIDO PERLA & ASSOCIATES, Seattle, Washington, and Spain’s SENER INGENIERIA Y SISTEMAS have teamed up to develop the detailed structure and outfitting engineering of an oceanographic research ship…
Shipyards Hold “Informal” Merger Talks
Keppel Hitachi Zosen reportedly had informal merger discussions with rival SembCorp Marine today. "...we have had informal discussions with SembCorp Marine but we…
Frontline Reaches Agreement With Golden Ocean Creditors
Frontline has reportedly secured backing from major creditors of U.S. tanker group Golden Ocean for a takeover plan. Frontline has reached an agreement with creditors…
Tanker Rates: How High Is Too High?
Current oil tanker rate highs are an aberration caused by a spike in oil demand and will fall sharply, shipping analysts said. In a report, Drewry Shipping Consultants…
U.S. Gas Rigs Up 28
The number of U.S. rigs searching for natural gas in the U.S. rose by 28 to 764, an all-time record high, while the number of rigs searching for oil fell by three…
FirstWave/Newpark Awarded Contract Duo
FirstWave/Newpark Shipbuilding was granted two contracts from Marine Drilling Company. The Marine Rig 202 arrived from Singapore on June 26 for skirt repairs and replacement to the rig mat.
IBM Granted $168.5 Million Navy Contract
IBM has been awarded a contract of up to $168.5 million by the Naval Sea Systems Command (NAVSEA) to serve as the prime integrator of NAVSEA's Regional Maintenance…
U.S Navy Vessel To Visit China
The U.S. Navy guided-missile cruiser Chancellorsville will visit Qingdao, China, in August as part of a series of such visits between the two countries, the Defense Department said.
Tranz Rail Cuts Back Fast Ferry Sailings
New Zealand rail and inter-island ferry operator Tranz Rail Holdings has cut back the number of fast ferry sailings from three a day to two for the upcoming summer…
Oil Drilling In NW Europe On The Rise
Exploration and appraisal drilling in northwest Europe has shown a sharp increase in 2000 over year-ago levels, industry consultants Arthur Andersen said in a report.
Colombo Dockyard Is Back In Business
Colombo Dockyard Ltd resumed operations on Wednesday after successful negotiations with unions following a week-long dispute. The Sri Lankan ship builder stopped…
25% Of Shipbuilder To Be Sold
Ukraine will sell 25 percent in its shipbuilding company Meridian through a privatization tender in September, the State Property Fund said. The fund said the starting…
European Commission Seeks Legal Action In Subsidy Row
The European Commission taking Spain to the European Court of Justice in Luxembourg over its failure to recover around 111 million euros in what it calls illegal state aid to its shipyards.
Chiles IPO Shelved Indefinitely
Chiles Offshore Inc. postponed indefinitely its initial public stock offering because of market conditions, lead underwriters Credit Suisse First Boston said. The…
Diamond Offshore Raised To
Deutsche Banc Alex. Brown reportedly raised its investment rating on shares of Diamond Offshore Drilling Inc. to strong buy from market perform. Said in a note,…
Aker Wins Bluewater Contract
Aker Maritime's Oil and Gas Technology unit reportedly won a five-year deal with U.K.-based offshore production contractor Bluewater Services worth about 40 million pounds.
Sembcorp Ups Stake In SembCorp Marine
Singapore conglomerate SembCorp Industries Ltd has reportedly acquired another five million shares of SembCorp Marine at S$0.705 each after buying 40 million shares last week.
Royal Caribbean Income Soars 27%
While its stock price remains in the doldrums, Royal Caribbean Cruises Ltd. nonetheless reported a 27 percent rise in second quarter 2000 net income along with a boost in capacity.
Colombo Dockyard Workers In Talks To End Dispute
Colombo Dockyard Ltd. was to hold talks with the labor minister and unions to resolve a dispute that forced the Sri Lankan ship builder to halt operations last week.
Tanker Rates Are
Caribbean crude tanker rates shot through the roof as oil poured towards the United States, brokers said. Typical rates for 70,000 ton upcoast U.S. liftings soared…
