Sembawang Kimtrans Close To Securing Contract
Singapore's Sembawang Kimtrans is close to securing a $110 million five-year logistics contract, which will boost its annual turnover by more than 50 percent, managing director Peter Tan said…
RINA Report Spreads Blame In Ship’s Loss
Facing intense international scrutiny from within and outside the maritime community following the break-up and loss of the Maltese-flag tanker Erika, Italian classification…
London Club increases tonnage
The London P&I Club took on about a million gross tons of new business at renewal on February 20 this year, bringing its total entry to thirty million gross tons.
Keppel FELS clinches $110M rig order
Keppel FELS Limited (KFELS), the offshore arm of Keppel FELS Energy & Infrastructure Ltd. (Keppel FELS), has signed a contract with Chiles Offshore LLC (Chiles)…
Kvaerner Drops Plan To Dump Shipyards
Kvaerner ASA has postponed a planned sale of its Masa-Yards Finnish shipbuilding unit in a new setback to its goal of exiting shipbuilding. Kvaerner said it had…
Offshore Week
PanCanadian Petroleum Ltd., Canada's No. 2 oil company, could soon be on track to develop an East Coast offshore gas project to rival the huge Sable Island project, its chief executive said.
British Rower Plucked From Sea
A lone British rower on a cross-Pacific odyssey who had eaten nothing for two weeks but a flying fish was rescued from his boat after a Coast Guard search plane found him, officials said.
DUC Natural Gas Production Up 6.9%
Danish Underground Consortium`s (DUC) production of natural gas from its North Sea fields increased 6.9 percent year-on-year in March, operator A.P. Moeller said.
Russian Tanker Stopped For Suspected Smuggling
A Russian tanker was intercepted in the Gulf on Thursday on suspicion of smuggling Iraqi oil in defiance of U.N. sanctions, a U.S. admiral said. The Akademik Pustovoyt…
Panama Canal Income Slips
Toll income at the Panama canal between October and February slipped 2 percent to $240 million, compared with the same period a year before, the Panama Canal Authority (ACP) said.
Saab Awaits ASC Ruling
Swedish defense group Saab AB said it understood the Australian government wished to negotiate about Saab's stake in the Australian Submarine Corporation (ASC),…
Aker Brattvaag Acquires Romanian Yard
Norway’s Aker Brattvaag AS, a unit of Aker RGI signed a contract with Romania's main privatization agency to acquire a majority stake in a local shipyard. A statement…
Marine Finance Briefs
Slovenian shipping firm Intereuropa and port operator Luka Koper canceled a planned merger because the government was demanding the right to veto any management decisions in the new firm.
Caterpillar Buys Marine Engine Company
Heavy equipment maker Caterpillar Inc. bought closely held Sabre Engines Ltd., a U.K.-based company that specializes in high-performance marine diesel engines. Terms of the deal were not released.
Who's News
The world's marine insurers collectively lost $3 billion in 1999, Norway's Central Union of Marine Underwriters (CEFOR) said. Cefor's calculation uses the collective…
Business Briefs
Setting sail again, a newly built replica of the Jeanie Johnston, the Irish emigrant ship that rescued thousands from the Great Famine, will voyage from Ireland…
Contracts
Friede Goldman Halter, Inc. announced that it has recently finalized six new contracts with a total value of approximately $40 million. -The Venezuelan government…
Market Watch
Tanker rates to the West firmed as charterers and operators took on board the implications of OPEC's decision to raise oil output, brokers reported. Rates of W68.5 ($11.50 per ton) for 280…
Stadium Financing Has Cruise Companies Calling Foul
A plan to build a $400 million bayfront ball park for the Florida Marlins is pitting the team's millionaire owner against Miami's powerful cruise industry and its billionaire patriarch.
Activists Stage Erika Protest, TotalFina Mulls Oil Treatment Contract
Thousands of protesters from western France marched through Paris on April 1 to demand tighter shipping laws in the wake of the Erika oil tanker spill which devastated parts of their region.
