U.S. Oil Prices March Forward
U.S. By early afternoon, crude oil for February delivery on the New York Mercantile Exchange was trading at $28.30 a barrel, a 35-cent rise, taking total gains in…
Bulker Sustains Damage
The U.S.-flag bulker Paul R.Tregurtha sustained damage after striking the bed of St. Mary's river in the U.S., on January 7, Reuters reported. The 69,172-dwt vessel proceeded to St.
IMO Calls For Ship Safe Haven Measure
The International Maritime Organization (IMO) called on Monday for measures to ensure refuge for troubled ships like the Greek tanker Castor, which was last week…
Rhine River Shipments Hampered By High Water
Barge movements on Germany's Rhine river are being hampered by high water levels, a manager of a lower Rhine loading terminal said. "The river is standing at about 7.5 m today.
A.P. Moeller Hopes To Maintain 2001 Oil Production
Oil and shipping group A.P. Moeller said it hoped to maintain its record North Sea oil production in 2001 at 300,000 barrels per day (bpd). Danish Underground Consortium (DUC), in which A.P.
Vessel Sinks, Eight Drown
At least eight crew members of a Panama-registered cargo ship drowned after the vessel sank off Japan on Sunday, the Japanese coastguard said on Monday. The 3,561-ton White Koowa…
SENESCO To Construct Walking Spud Barge
The Southeastern New England Shipbuilding Corp. (SENESCO) will build a 165 ft. dredge barge that will have the ability to walk along harbor floors. Boasting a trio…
Kvichak To Construct And Design Barge Group
Resulting from the recent developments in oil spill preparedness in the state of Alaska, various cruise ship operators have contracted Amak Towing of Ketchikan to…
Bollinger To Construct Supply Boat Trio
Bollinger Shipyards has commenced construction of three 145 ft. (44.1 m) supply/utility boats for Bordelon Marine - doubling the number of OSV's for the Lockport-based operator.
Kvaerner Chairman To Step Down
Kvaerner ASA Chairman Christian Bjelland reportedly he won't seek re-election because of conflict between the Norwegian maker of equipment for the energy industry and Aker Maritime ASA…
Coflexip Stena Offshore Closes Acquisition
Coflexip Stena Offshore has finalized, with Aker Maritime ASA, the acquisition of its deepwater operations, the "Deepwater Division" headquartered in Houston, for…
Seacor Smit Files $200M Shelf Offering
Seacor Smit Inc., the provider of offshore marine services to the oil and gas industry, filed on Monday with the Securities and Exchange Commission to periodically…
Is DD-21 Project In Trouble?
According to a report in the NY Times and circulated by the major wire services, the U.S. Navy's proposed DD- 21 class of destroyers may be endangered. The Congressional…
Unitor Wins LNG, LPG Contracts
Unitor won contracts from Hyundai Heavy Industries Co. Ltd., worth approximately $5.65m for specialized insulation systems for LNG and LPG carriers under construction at this South Korean shipyard.
Pelling Joins HSBC Marine Division
Paul Pelling has been appointed a director of the Marine Division of Lloyd's insurance broker HSBC Insurance Brokers Limited. Paul has twenty years' experience of marine insurance broking…
Chouest Vessel Rescues 3 From GOM Waters
Three fishermen from Orange Beach, Ala. were rescued early Thursday morning from the frigid waters of the Gulf of Mexico, after their 46 ft. Bertram sportsfishing vessel sunk for unknown reasons.
Asian Panamax Rates Up Slightly
Asian Panamax freight rates for dry bulk cargo edged up slightly this week in slow trade due to New Year holidays, Reuters reported. But the outlook for the Panamax…
3 Die As Ship Carrying Marble Sinks Off Italy
A cargo ship carrying 150 tons of marble sank off the Italian coast on Friday killing three people and leaving another missing, Reuters reported. The Nautika 64…
Hong Kong Registry Exceeds 10 mgt
The Hong Kong Shipping Register had achieved a record 10.71 million gross registered tons (GRT) with a total of 581 ships signed up as Hong Kong vessels, Reuters reported.
Captain Seeks Refuge, Threatens Abandonment
The captain of the damaged Greek tanker Castor, which is carrying 29,000 tons of gasoline and is in danger of exploding, has reportedly told Spanish authorities…
