Howard Smith To Jettison Tow Business?
Howard Smith Ltd.'s likely sale of its Australian and U.K. towage operations to Adsteam Marine Ltd would enable the sluggish company to focus on hardware and industrial supplies distribution…
Two Oil Production Ships For Sale
Shipping companies Aker Maritime and Bergesen will sell two oil production ships, the Berge Hugin and Navion Nunin, which they co-own with Norwegian energy giant Statoil.
H&W Gets RoRo Contract
Harland and Wolff signed a deal with the British Defense Ministry to build two RoRo ferries. The two 14,200 dwt vessels are scheduled for delivery in October 2002 and January 2003.
Aframax Rates Reach Higher
Owners of Aframax tankers (70-80,000 tonners) have taken advantage of weather and Italian lawmakers to push rates up in both the Caribbean and Mediterranean markets.
Offshore Rig Use Up
Worldwide offshore rig utilization climbed slightly the week ending March 9, according to ODS-Petrodata Group. Global rig utilization climbed 0.1 percent to 87.4percent…
