Spectria Builds New Information Portal for Modern Maritime
Spectria, a leading technology consulting firm, has developed a prototype of a new, knowledge-management-based information portal called SmartShips®, for Modern Maritime…
$3M Saved Using Water Bags for Weight Testing
The Navy has recently begun using water bags accomplishing periodic weight tests of boat davits. A result of a teaming effort between NAVSEA, NAVSEA Philadelphia-SSES and FTSCLANT…
KHZ To Buy Semisubmersible
Keppel Hitachi Zosen Limited (KHZ) is in discussions with Smedvig Asia regarding the latter's intention to exercise its option to purchase KHZ's interest in the semi-submersible tender rig…
Natural Gas Boom Causes Soft Offshore Rig Demand
Demand for offshore rigs in the U.S. Gulf of Mexico has softened after a natural gas drilling boom in the first half of 2001, but forces that could support a recovery may already be at work…
Chantal's Forces Leave Two Fishermen Missing Off Yucatan Peninsula
Tropical Storm Chantal slowed to a stop and dumped torrential rain on Mexico's Yucatan Peninsula on Tuesday after leaving two fishermen missing at sea and forcing 2…
Daewoo Lands $340 Million LNG Order
South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had won a combined $340 million order to build liquefied natural gas (LNG) carriers from Belgium and Norway.
GE Marine Engines To Outfit Queen Mary 2 With Gas Turbine Power
GE Marine Engines announced that its LM2500+ aeroderivative gas turbine has been selected for use aboard Cunard Line's Queen Mary 2 transatlantic liner. Upon completion in 2003…
Kursk to Be Lifted As Early as Next Month
A Dutch firm leading Russia's effort to raise the Kursk said on Monday it was convinced the salvage was safe and planned to start cutting away the nuclear submarine's…
The Axe Continues to Swing at Cammell Laird
Insolvent British shipbuilder Cammell Laird Plc is cutting a further 117 staff, a spokesman for its receivers PricewaterhouseCoopers told Reuters on Monday. The…
Chantal Not Expected to Threaten U.S. Offshore Production
Tropical Storm Chantal is unlikely to threaten U.S. offshore oil and gas production in the next 72 hours but could cause problems for Mexican offshore oil output, according to the U.S.
Charterers: Panamax Tonnage is Few and Far Between
Atlantic freight rates are climbing as charterers are finding it hard to attract panamax tonnage on a spot basis, brokers said on Monday. The respite for owners could be short-lived…
Thrane & Thrane Buys Nera's Satellite Units
Danish satellite communication equipment maker Thrane & Thrane said on Monday it bought the satellite units of Norwegian Nera for around half a billion Danish crowns ($61.5 million)…
TotalFinaElf Adamantly Denies VLCC Sale Block
TotalFinaElf denied reports on Friday it had blocked the sale of a VLCC it charters from Norwegian tanker operator Bergesen to three members of the Tankers International alliance.
Tanker Market Looks Glum For September Loading
Tanker markets soared into orbit this week for August loading dates, but remained dull and depressed for September loading, brokers said. London tanker brokers said…
A&P Group Purchases Cammell Laird's Dockyards
Ship repair outfit A&P Group Holdings said on Friday it bought the dockyards of insolvent shipbuilder Cammell Laird, but there was no reprieve for the 204 workers of the northern English firm.
Worldwide Rig Utlization Falls 1.8 Percent
Worldwide offshore rig utilization fell during the week ending August 17, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization fell 1.8 percent to 77.8 percent this week…
Daewoo Expected to Rise Up From Debt Rescheduling
South Korea's Daewoo Shipbuilding & Marine Engineering is set to graduate this week from a creditors' debt rescheduling plan, a move that will shore up credit ratings…
Chantal Expected to Rip Through Yucatan Peninsula
Tropical Storm Chantal, moving westward toward Mexico's Yucatan Peninsula and Belize, was headed for a landfall on Monday night or early Tuesday, according to the National Hurricane Center here.
Hutchison's Core Profits Fall At Slow, Steady Pace
First-half profits for Li Ka-shing's Hutchison Whampoa Ltd. will be a festival of one-off gains and charges on its sinking telecoms holdings, but core profits will…
Northrop Grumman Extends $2.1 Billion Tender For Newport News
U.S. Defense contractor Northrop Grumman Corp. said on Thursday that it had extended again its $2.1 billion tender offer for the outstanding shares of warship builder Newport News Shipbuilding Inc.
