Fire Guts Ship
A Sao Tome-registered ship carrying charcoal from Somalia to a Gulf Arab state was gutted by fire while sailing near Yemen's Soqatra island in the Arabian Sea, Reuters reported.
Weather Shuts Down Sydney
Strong winds and high seas forced authorities to close Sydney's port to passenger and cargo ships on Saturday. Winds of up to 59 mph lashed the coast of New South Wales state…
Crewman Indicted On Smuggling Charges
A crewman aboard a Greek tanker which docked in San Francisco last weekend has been indicted on smuggling charges after authorities found hundreds of pounds (kilograms) of cocaine aboard the vessel.
ANS Crude Sold At Discount
A cargo of Alaska North Slope (ANS) for September delivery was sold to a California refiner at a discount of $2.75 a barrel to September West Texas Intermediate (WTI) crude.
GOM Rig Utilization Sags
Offshore rig utilization in the U.S. Gulf of Mexico hit a 13-month low during the week ending July 27, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig…
Containership Volume To Slow
The giant containerships, which act as a floating conveyor-belt for international trade, are struggling to maintain volumes in the face of global slow down, shipping analysts said.
Kursk Rescue Hits Snag
The Russian navy said a plan to raise the Kursk nuclear submarine from the bottom of the Barents Sea hit a snag when deep-sea divers had trouble cutting through the craft's hull.
FMC Sets Hearing Date For Florida Tug Squall
On August 8 and 9, 2001, the Federal Maritime Commissioner's Investigative Officer will conduct hearings to develop the issues set forth in the Commission's Order…
Petrobras Announces Four Oil Field Finds
Brazil's state oil giant Petrobras said on Thursday that it had made four "important" new oil finds that should boost its oil reserves by about 1.4 percent. Petrobras…
Dry Bulk Rates Drop
The Baltic Panamax Index tumbled further on Thursday, with falls reported for the latest benchmark Panamax grain rates, brokers said. Brokers said a U.S. Gulf-to…
FGH Rejects Petrodrill Contract
Friede Goldman Halter, Inc., (FGH) announced that the bankruptcy court has officially rejected the Petrodrill contracts. On June 12, FGH filed a motion with the…
FGH Completes Rig Repair
Friede Goldman Halter, Inc. (FGH) announced that FGO, the company's rig segment, has completed repairs to the Noble Amos Runner, an EVA 4000 semisubmersible which…
Viking Gets Approval For Evac Chute
In May 2001 Viking received tangible evidence of efforts made in terms of research and development. The U.S. Coast Guard granted Viking its Certificate of Approval…
Mexico Seeks To Lure LNG Projects
Struggling to meet a growing deficit in its natural gas supplies, Mexico is hoping that regulatory changes will lure new liquefied natural gas (LNG) projects by as early as September.
Hyundai Heavy Wins LNG Orders
South Korea's Hyundai Heavy Industries won $340-million orders to build two LNG carriers for Golar LNG of Norway. One of the ships would be delivered by December 2003 and the other by July 2004…
French Tanker Owner To Fold
French tanker operator Copamar said it would have to fold after a French court backed TotalFinaElf's decision to pull out of a five-year charter of two aged tankers.
P&O Cruises Looks To Boost Yield
P&O Princess Cruises, the world's third largest cruise operator, said lower holiday prices would cut revenue yields this year, but added it still hoped to boost…
S. 1214 Causes Concern For Ports
Port Director Mike Leone told members of the Senate Commerce Committee during a July 24 hearing that the "Port and Maritime Security Act of 2001," S. 1214, introduced on July 20…
Clean Tanker Rates Set For Tumble
Rates for clean tankers in the Pacific Basin are set to tumble, undermined by dwindling Atlantic Basin demand displacing a vast fleet of cut-price medium-range ships…
Australian Port Bid Pending
The lead sale consultant for the sell-off of South Australia state's main ports was on Tuesday confident of a good outcome as two final bids were evaluated, but said a final decision was still weeks…
